Australia is a member of the Organisation for Economic Co-operation and Development (OECD) and the World Trade Organization (WTO), and has pursued several major bilateral free trade agreements, most recently the Australia–United States Free Trade Agreement and Closer Economic Relations with New Zealand, with another free trade agreement being negotiated with China — the Australia–China Free Trade Agreement — and Japan, South Korea in 2011, Australia–Chile Free Trade Agreement, and  has put the Trans-Pacific Partnership before parliament for ratification.