When KAFTA came into force in December 2014, 84% of Australia`s merchandise exports (by value) arrived duty-free. Australian Trade Minister Andrew Robb and Korean Trade Minister Yoon Sang-jick concluded negotiations on the agreement in early December 2013 and the legally verified text of the agreement was initialled by chief negotiators on 10 February 2014.  In April 2014, Australian Prime Minister Tony Abbott led a trade delegation to Japan, South Korea and China. The three economies accounted for more than half of Australia`s total trade.  During the South Korean leg of the mission, Abbott signed the Australia-Korea Free Trade Agreement (KAFTA) with Park Geun-hye`s government on April 8 in Seoul.  The agreement entered into force on 12 December 2014. .