(2point6billion) - Australia and Malaysia signed a free trade agreement yesterday that brings about a considerable easing of tariffs and trade between the two countries. The Malaysia-Australia Free Trade Agreement (MAFTA) was signed off by the respective trade ministers of each nation, namely Datuk Seri Mustapa Mohamed and Craig Emerson. The agreement covers 97 percent of all goods, including small cars, rice and wine. Some 99 percent of these products have had tariffs reduced to zero.