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
Indonesia has agreed to cut import tariffs on range of products from Australia and New Zealand starting this year as part of a wider free-trade agreement with Southeast Asian nations
Trade Minister Tim Groser departs today for India and Thailand where he will sign the trade deal with the Asean group of nations.
The government of Indonesia stated that it will go ahead and sign the ASEAN free trade agreement with Australia and New Zealand on February 27.
The New Zealand government has called on member-countries of the Association of Southeast Asian Nations (Asean) to sign the free-trade agreement (FTA)
with them and Australia to prepare the East Asian region for the worse impact of the global financial crunch.
The Indonesian government should act “wiser and more cautious” before signing a new free trade agreement (FTA) with Australia and New Zealand this month, a local non-government economic watchdog insisted during a press conference in Diponegoro, Central Jakarta Monday.
The Indonesian Industry Ministry demanded a postponement of the Association of South East Asian Nations (ASEAN) and Australia, New Zealand Free Trade Agreement (FTA) to protect Indonesian local industry, said an official here on Thursday.
Canberra has expressed hopes that member-countries of the Association of Southeast Asian Nations (Asean) will sign a comprehensive free-trade agreement (FTA) with Australia-New Zealand—already completed—that seeks to loosen restrictions on trade and improve investments.
Indonesia, Southeast Asia’s largest economy, has delayed signing a trade deal with Australia and New Zealand, due to be inked this month, until March next year, a senior official said Monday.
Australia will today sign a free-trade agreement with Asean to stimulate trade, services and investment growth.
Local skilled workers will have a chance next year to try their luck in New Zealand, which has agreed to open up to Indonesian workers as part of a free trade agreement (FTA).