The ASEAN–Australia–New Zealand Free Trade Agreement

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Fast facts about ASEAN-Australia-New Zealand FTA

This fact sheet is also available in PDF [PDF 5 K]

  • The AANZFTA Parties comprise the ten ASEAN members (Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, The Philippines, Singapore, Thailand and Vietnam) together with Australia and New Zealand.
  • By including provisions covering trade in goods and services, together with investment, intellectual property, competition and economic cooperation, AANZFTA becomes the most comprehensive FTA that ASEAN has negotiated.
  • AANZFTA provides for the progressive reduction or elimination of tariffs over specified periods and the scheduling of market access commitments for services by each of the parties.
  • AANZFTA allows for greater certainty and transparency for those trading and investing in the region.
  • First time for Australia in an FTA that economic cooperation has been included to help AANZFTA Parties implement their obligations. A work program will be carried out over five years with an estimated cost of $20-25 million. Australia is prepared to make an appropriate funding contribution to this cost.
  • The level of development of ASEAN members is reflected in differential time frames for implementing certain FTA commitments. 
    • Australia and New Zealand will typically have the shortest implementation time frames and the three Least Developed Country members (Cambodia, Laos and Myanmar) the longest.
  • Australia has existing FTAs with Singapore and Thailand.  Australia has commenced FTA negotiations with Malaysia, and has a long-standing comprehensive FTA with New Zealand (ANZCERTA).  The provisions of AANZFTA ensure that it can have no impact on those existing FTAs.
    • The FTA strengthens Australia’s economic and strategic engagement with the ASEAN region.
    • The FTA will deliver real commercial benefit for Australian exporters and investors.
    • AANZFTA provides a platform for securing further liberalisation of trade and investment in the future.
    • The FTA helps to grow Australia’s trade and investment relationships.
Last Updated: 5 February 2013