Impact on Tasmania for trade in goods and services

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

17 November 2010

1. Trade in goods

Tasmanian merchandise exports to ASEAN (calendar year 2009): $483 million.  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 Tasmania' 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 Tasmania, calendar year 2009):

Zinc

On Tasmania' leading export to ASEAN, AANZFTA will ensure tariff-free treatment for all products, including:

Aluminium

Ores and concentrates of base metals

Veneers, plywood and particle board

Dairy products

Chocolate and preparations of cocoa

Fish and seafood

Ferrous waste and scrap

Fruits, nuts and vegetables

Other

2. Trade in services opportunities for Tasmania

Services exporters in Tasmania are in a strong position to access the growing services markets in ASEAN. Exports of services to the world, which were worth $402 million in 2009, account for 12 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, education and professional services – where Tasmanian 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 four digit heading or the six digit sub-heading of the tariff system is provided that corresponds to the export figure given.