Agreement Establishing The Asean-Australia-New Zealand Free Trade Area

Find out how our other free trade agreements compare with ASEAN members. On the basis of the liberalization of services within the framework of the World Trade Organization (WTO), AANZFTA continues to improve the trade obligations and obligations of services through Chapter 8 on Trade in Services. Under the AANZFTA, Australia and New Zealand have made interesting commitments in a number of service sectors. Provisions authorizing transfers to covered investments In order to facilitate the free movement of individuals who trade and invest, the AANZFTA has a chapter on the free movement of individuals (MNP). This chapter outlines the obligations and obligations associated with the temporary free movement of individuals, including: executives of companies established in a contracting party, the creation of a branch or subsidiary, or other barriers to trade in another contracting party, which gradually liberalize barriers to trade in services, allowing better market access for service providers in the region; We are negotiating a revaluation of our existing free trade agreement with ASEAN to modernize it, further reduce export barriers and boost trade in the region. The ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) is one of the most dynamic economic regions in the world. Chapter 2 of the agreement provides for a gradual liberalisation of tariffs from the entry into force of the AANZFTA agreement. The goal is to eliminate at least 90% of products marketed in the region within a specified time frame. Australia and New Zealand have pledged to eliminate tariffs 100% by 2020.

Austrade has detailed information on activities in New Zealand and in ASEAN countries: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. AANZFTA is Australia`s first multi-country free trade agreement. This is the first time that Australia and New Zealand have participated together in the negotiations of a free trade agreement with third countries. This is the first time ASEAN has entered into negotiations for a free trade agreement in all sectors, including goods, services, investment and intellectual property. This is the most comprehensive trade agreement ever negotiated by ASEAN. facilitate the free movement of businessmen engaged in commercial and investment activities; and AANZFTA is a comprehensive and enterprise economic agreement that opens up and creates new opportunities for the 650 million peoples of ASEAN, Australia and New Zealand, which, through a more liberal, transparent and transparent market access and investment regime, represents a global economy of US$4.2 trillion among the countries that signed the agreement. For further questions, please contact CENTRALE (NA/s): [Agreement establishing the ASEAN-Australia-New Zealand Free Trade Area, Cha-am, Thailand, February 27, 2009] .