ASEAN-Australia-New Zealand Area (AANZFTA) Agreement

Announcement

Trade and Investment

ASEAN-AUSTRALIA-NEW ZEALAND FTA

The ASEAN - Australia - New Zealand Free Trade Agreement (AANZFTA), signed on 27th February 2009 in Cha am, Thailand, is ASEAN's first FTA with two developed countries simultaneously, and the first ASEAN FTA done in a single undertaking. AANZFTA represents ASEAN´s most ambitious FTA to date, covering 18 chapters including new areas that ASEAN had previously never negotiated on, such as competition policy and intellectual property.

The AANZFTA also includes an AANZFTA Economic Cooperation Support Programme, which will provide technical assistance and capacity building to the Parties of the AANZFTA with the aim of supporting the implementation of the Agreement as well as to support the overall regional economic integration process.

As of 2012, the Agreement has entered into force for all Parties and work is currently underway to resolve and implement the built-in agenda as stipulated under the Agreement.

Framework Agreement

Chapter 1: Objectives and General Definitions

Chapter 2: Trade in Goods

· Understanding on Article 1 (Reduction and/or Elimination of Customs Duties) of Chapter 2 (Trade in Goods) of The Agreement Establishing The ASEAN - Australia - New Zealand Free Trade Area

Schedules of Tariff Commitments

· Australia

· Brunei Darussalam

· Cambodia

· Indonesia

· Laos

· New Zealand

· Malaysia