Photo shows the skyline of Sydney, one of Australia’s largest cities. Picture used for illustrative purposes only. Reuters

Australia will open its borders to all vaccinated tourists and business travelers from Feb. 21 in a further relaxation of pandemic restrictions announced Monday.

Prime Minister Scott Morrison announced on Monday that his country has decided to reopen its borders to travellers, ending some of the world's strictest and longest-running pandemic travel restrictions.

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"It's almost two years since we took the decision to close the borders to Australia," Morrison said after a meeting of the national security cabinet.

When the border restrictions were relaxed in November in response to an increasing vaccination rate among the Australian population, international students and skilled migrants were prioritised over tourists in being welcomed back to Australia.

Prime Minister Scott Morrison speaks during an event. File photo

Morrison said his senior ministers agreed that the border would reopen to all vaccinated visas holders.

He announced the borders will reopen to all visa holders "on the 21st of February of this year," adding, "if you're double vaccinated, we look forward to welcoming you back to Australia."

Australia imposed some of the world’s toughest travel restrictions on its citizens and permanent residents in March 2020 to prevent them from bringing COVID-19 home.

Australia's borders slammed shut in March 2020 in the hope of protecting the island continent against a surging global pandemic.

Australians have been barred from leaving and only a handful of visitors have been granted exemptions to enter.

The rules have stranded nationals overseas, split families, hammered the country's multi-billion-dollar tourist industry, and prompted often bitter debates about Australia's status as a modern, open and outward-looking nation.

Every month of border closures has cost businesses an estimated $2.6 billion, according to the Australian Chamber of Commerce and Industry.

In recent months, rules have been gradually relaxed for Australians, long-term residents and students.

The latest decision will see almost all remaining caps lifted.

It comes after the country's long-standing "Covid-zero" policy was abandoned, vaccination rates rose and the once stellar track-and-trace system collapsed under a wave of Omicron cases.

Only a handful of countries remain closed to tourists -- among them Japan, China, New Zealand and several Pacific Island nations.