Abstract: Aspect-based sentiment analysis (ABSA) involves three subtasks, i.e., aspect term extraction, opinion term extraction, and aspect-level sentiment classification. Most existing studies focused on one of these subtasks only. Several recent researches made successful attempts to solve the complete ABSA problem with a unified framework. However, the interactive relations among three subtasks are still under-exploited. We argue that such relations encode collaborative signals between different subtasks. For example, when the opinion term is ``delicious'', the aspect term must be ``food'' rather than ``place''. In order to fully exploit these relations, we propose a Relation-Aware Collaborative Learning (RACL) framework which allows the subtasks to work coordinately via the multi-task learning and relation propagation mechanisms in a stacked multi-layer network. Extensive experiments on three real-world datasets demonstrate that RACL significantly outperforms the state-of-the-art methods for the complete ABSA task.