Negotiations on this free trade agreement between the 10 ASEAN governments and those of Australia and New Zealand were concluded in Singapore in August 2008. The agreement was subsequently signed in February 2009 and came into force on 1 January 2010.
The ASEAN-Australia-New Zealand FTA (AANZFTA) envisions a regional common market by 2015, and marks the first time that Australia and New Zealand have been involved jointly in negotiating an FTA with third countries. It was also the first time ASEAN embarked on comprehensive FTA negotiations covering all sectors, including goods, services, investment and intellectual property, simultaneously.
The Textile Clothing & Footwear Union of Australia opposed the deal because of the impact of further trade liberalization on these manufacturing sectors and workers in Australia, and human rights concerns regarding Burma. Both the Green Party of New Zealand and human rights activists raised concerns about agreements with some ASEAN governments because of their human rights records. In the ASEAN countries, numerous activist groups also protested the rush into this FTA, especially during a global economic crisis that is hitting local workers hard.
last update: May 2012
Photo: Daveandlolo/CC BY 2.0
On 21 August 2023, ASEAN, Australia, and New Zealand brought several amendments, improvements and additions to their longstanding free trade agreement known as AANZFTA
Clive Palmer’s move to sue the government in a secretive international tribunal highlights the need to amend Australia’s trade policy to prevent claims that could hamper emissions reduction efforts.
The Association of Southeast Asian Nations has signed the amendment to improve the ASEAN-Australia-New Zealand Free Trade Area.
Clive Palmer’s Zeph Investment’s second case against Australia is a $41.3bn claim that it breached the Asean free trade agreement in relation to coal exploration permits, it has emerged.
Australian business figure Clive Palmer is suing the Australian government for almost A$300 billion in an international tribunal, having lost a case against the Western Australian government he took all the way to the High Court.
Clive Palmer’s Singapore-based company Zeph Investments is suing Australia for $296bn, enlisting the help of former attorney general Christian Porter in a landmark case arguing a breach of the Asean free trade deal.
The Joint Committee (FJC) for the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) agreement has completed the negotiations for upgrading the plurilateral free trade deal at its recent 20th meeting in Indonesia.
The AFTINET submission provides evidence of the harmful use of ISDS over the last decade against public regulation on health, indigenous rights, the environment and most recently against policies to reduce carbon emissions.
ASEAN member states, Australia and New Zealand have substantially concluded negotiations to upgrade a free trade agreement (FTA), which will include new features to ensure the continued flow of essential goods during times of crisis.
ASEAN, Australia and New Zealand have progressed negotiations to upgrade the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA).