Australia's free trading thing w/ Japan, South Korea and China

I'm not even sure if this is even good or not. So someone who lives in Australia, can you please explain this to me! I'm just so darn confused! All I know is that we are going to trades some good and they are going to some some to without payin' any taxes....

Does that mean we're going to get more good from South Korea? Yehet? Uhhh... IDK!!!!!!!!!!!!

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