Impact on Queensland for trade in goods and services

Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA)

17 November 2010

1. Trade in goods

Queensland merchandise exports to ASEAN (calendar year 2009): $2.7 billion

Principal exports:

The following analysis summarises tariff outcomes under the Agreement Establishing the ASEAN-Australia-New Zealand FTA (AANZFTA) for Indonesia, Malaysia, the Philippines and Vietnam for some of Queensland' principal exports. These are the four largest AANZFTA markets with which Australia does not already have a bilateral FTA.

The tariff outcomes in AANZFTA include (export figures are for Queensland, calendar year 2009):

Sugar

Coal

Cereals

The outcomes on wheat include:

The outcomes on grain sorghum include:

Cotton

Refined petroleum

Aluminium

Beef and beef products

Copper and copper ores

Live animals

Ferrous waste and scrap

Animal feed

Products of the chemical or allied industries

Wood and articles of wood

Horticulture

Other

2. Trade in services opportunities for Queensland

Services exporters in Queensland are in a strong position to access the growing services markets in ASEAN. Exports of services to the world, which were worth $9.0 billion in 2009, account for 17 per cent of the State' total exports.

Under AANZFTA, ASEAN countries have made substantial, commercially meaningful improvements on existing WTO commitments in a range of services sectors – including construction, mining and energy-related services, education and professional services – where Queensland providers have strong capabilities. For example:

A built-in review provision will ensure that further improvements can be negotiated over time, as the ASEAN countries progressively liberalise their services sectors.

  • 1 The value of exports of raw cane sugar, in bulk is not available on an individual state-basis. Therefore figures in this paper for such exports are total Australian exports. Due to confidentiality restrictions figures are shown for 2008, the most recent calendar year for which total exports are publically available. Queensland accounts for about 90% of Australian sugar exports.
  • 2 Until April 2009 the value of bulk wheat exports by destination country was confidential in Australian Bureau of Statistics merchandise trade statistics. Therefore, the figures in this paper for wheat exports generally under-report actual trade in CY 2009.
  • 3 This item includes exports of raw cane sugar.
  • 4 The four digit heading or the six digit sub-heading of the tariff system is provided that corresponds to the export figure given.