The Basic Treaty of Friendship and Cooperation (nicknamed the NARA Treaty) was a treaty signed between Australia and Japan that established a broad framework of principles to guide and enhance future bilateral relations in the political, economic, cultural and other fields. The treaty is historically significant because it is the first comprehensive treaty of its kind for both countries alike, containing both symbolic and practical provisions which acknowledged indispensable economic ties. The treaty was signed on 16 June 1976 by Prime Minister Malcolm Fraser and Prime Minister Takeo Miki, and entered into force 21 August 1977.