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
Trade Minister Phil Goff is cautiously keen on a plan to create the world’s largest trading bloc which would include Asean members and New Zealand and Australia.
Labour and environmental issues will still be included in the Free Trade Agreement (FTA) negotiation between Australia, New Zealand and the Association of Southeast Asian Nations, a senior New Zealand trade official said.
Australia, which is keen to tie up a free trade agreement (FTA) with Asean) by the end of 2007, wants the services sector and protection of intellectual property (IP) be given top priority in the trade pact.
New Zealand and Australia will have to be patient over striking a free trade deal with ASEAN countries, Singapore Prime Minister Lee Hsien Loong said Monday.
Indonesia will propose special facilities for some of its leading industries in upcoming preliminary negotiations for a free trade agreement (FTA) with Australia and New Zealand, a minister has said.
Australia began talks on a free-trade pact with New Zealand and the Association of South East Asian Nations (ASEAN) on Monday, but said it still backed multilateral efforts to cut trade barriers.
Southeast Asian nations, Australia and New Zealand hope to conclude a free trade agreement (FTA) by 2007 after beginning formal negotiations next year, government ministers said on Sunday.
The Association of Southeast Asian Nations (ASEAN), Australia and New Zealand agreed on Sunday to launch negotiations on a free trade agreement next year, Australia’s Trade Minister Mark Vaile said.