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
The Philippine government could lose as much as P600 million annually in foregone revenues if tariffs on dairy products are removed under the Association of Southeast Asian Nations-Australia-New Zealand Free Trade Agreement (AANZFTA), an industry group said yesterday.
While not part of the official AANZFTA negotiations, the Philippine government is preparing to ratify the free-trade agreement it signed as a member of ASEAN with the governments of Australia and New Zealand.
At a time when New Zealand needs the flexibility to respond to pressing domestic economic priorities, and with fresh questions being raised in Australia about the value of their free trade agreements, now was not the time to be signing away New Zealand’s economic sovereignty, Professor Jane Kelsey told a select committee this morning considering the ASEAN-Australia-New Zealand free trade agreement.
Australia’s biggest ever free trade agreement has been branded as mediocre by one of the first detailed reviews of the deal.
Indonesia is preparing massive financial and technical support for meat and tropical fruit businesses in a bid to cash in on ASEAN’s free trade deals with Australia and New Zealand.
The new ASEAN-Australia-New Zealand Free Trade Agreement falls well short of what could be considered a good deal for Australian industry, according to the Shadow Minister for Trade, Warren Truss.
What right does the Australian government have to impose a free trade agreement on the peoples of ASEAN, without any sort of systems in place to represent their views or interests (rather than the views or interests of their rulers) in negotiations? And how many Australians want a free trade agreement with vicious, murderous regimes like Burma’s military junta anyway?
A new 12-member free trade agreement between New Zealand, Australia and the 10 ASEAN countries has not got everybody’s stamp of approval. The agreement has been welcomed by groups such as Federated Farmers of New Zealand. However, Auckland University law professor Jane Kelsey says negative aspects of the agreement are being ignored.
Australia and New Zealand have signed a free trade agreement with the Association of Southeast Asian Nations (ASEAN) — one of Asia’s largest trade arrangements.
Southeast Asian economic ministers signed two pacts on trade and investment Thursday and plan to ink a free trade pact with Australia and New Zealand at an annual summit, where they have vowed to resist protectionism amid the global economic slump.