AANZFTA > Entry into Force
ASEAN–Australia–New Zealand Free Trade Area (AANZFTA): Entry into Force, Implementation and Review
AANZFTA will enter into force when Australia, New Zealand and at least four ASEAN member countries complete their domestic implementation processes. In view of the time required for a number of AANZFTA parties to conclude their domestic processes, it is expected that AANZFTA will enter into force in the second half of 2009 and, in any event, no later than 1 January 2010.
AANZFTA contains a series of mandated reviews on aspects of the Agreement following entry into force (EIF):
- the FTA Joint Committee will meet within one year of EIF to review the implementation and operation of the FTA;
- the Investment Sub-Committee will meet within one year of EIF and will enter into discussions on investment market access, to be concluded within five years of EIF;
- a report on non-tariff measures in relation to trade in goods will be prepared by the Committee on Trade in Goods within two years of EIF;
- a new round of services negotiations will commence within three years of EIF; and
- a general review of AANZFTA will take place in 2016 and every five years thereafter.