Skip to main content

Business opportunities

Proposed Regional Trade for Development Initiative

In September 2021, the Prime Minister announced that Australia will commit $46 million to the Regional Trade for Development Initiative (RT4D) to provide technical assistance and capacity building to help eligible ASEAN countries implement their Regional Comprehensive Economic Partnership (RCEP) and ASEAN-Australia-New Zealand (AANZFTA) trade agreement commitments.

RT4D will build on the long-running AANZFTA Economic Cooperation Program (AECSP), which Australia and New Zealand have funded since 2009. The $36 million AECSP technical assistance investment provided since then has delivered high-quality economic research, policy advice and capacity building in sectors covered by the AANZFTA Agreement, such as trade in goods, trade in services, investment, intellectual property, and competition and consumer protection. 

More than a decade on, the regional trade and economic landscape has changed significantly. With the end of AECSP approaching (June 2022), and recognising the rapidly changing context in our region, the RT4D program establishes a pathway forward that will serve current and future needs for regional economic cooperation. DFAT is now seeking to combine AECSP the with a new stream of economic cooperation support proposed under RCEP into a single ‘Shared Services Platform’.

DFAT will shortly be seeking a managing contractor to deliver the Shared Services Platform and support the existing governance arrangements and committee processes related to the design, implementation, and monitoring of economic cooperation activities under both AANZFTA and RCEP. The Shared Services Platform will have a mix of development, trade, gender, M&E and highly developed stakeholder management capabilities in an ASEAN environment, with DFAT and with other donors. The Shared Services Platform will need to demonstrate consistently the highest fiduciary standards, and will report to DFAT as well as AANZFTA’s and RCEP’s governance structures.

DFAT is seeking to achieve corporate, technical and value for money efficiencies through the Shared Services Platform and to improve the program’s impact on trade outcomes, particularly with our less developed partners in ASEAN.

More information: AANZFTA news

Media release: Regional trade deal to boost export opportunities for Aussie farmers and businesses

Note

This information is provided for planning purposes only and it does not represent solicitation or constitute a request for proposal, nor is it a commitment to purchase or tender for any described services. The scale, scope and focus of any proposed program may change at any time and is subject to formal approval by the Australian and partner Governments before any procurement process will commence. Should a procurement be approved, it is expected to commence in January 2022. This information is subject to delays, revision or cancellations

Back to top