The Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) entered into force in January 2010 for Australia and eight other signatories; Laos, Cambodia and Indonesia followed in 2011-12. The Agreement delivers extensive tariff reduction and greater certainty for services suppliers and investors. The countries of ASEAN – Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam – belong to one of the most dynamic economic regions in the world. And what's more, it's right on Australia's doorstep.
As part of the Australian Government's commitment to keep its FTAs up-to-date and relevant for business, the AANZFTA Agreement was updated in 2015 via the 'First Protocol to Amend the AANZFTA', which streamlined the certification processes for the movement of goods throughout AANZFTA countries. The First Protocol is in force for all AANZFTA countries except Indonesia. For more information please see For Business.
On 1 September 2018, AANZFTA Ministers endorsed officials’ recommendations from the AANZFTA General Review to guide negotiations to upgrade the Agreement. For more information please see General Review of the ASEAN-Australia-New Zealand FTA.
AANZFTA is Australia's first multi-country free trade agreement (FTA). Negotiation of the AANZFTA was the first time Australia and New Zealand were involved jointly in negotiating an FTA with third countries. It was also the first time ASEAN embarked on comprehensive FTA negotiations covering all sectors simultaneously. AANZFTA remains Australia's largest regional FTA in-force and the highest quality of ASEAN's FTAs with its partners.
AANZFTA is complemented by our bilateral FTAs with Malaysia, Singapore, Thailand and New Zealand. Australian officials negotiating the Regional Comprehensive Economic Partnership and the Indonesia-Australia Comprehensive Economic Partnership are seeking to build on AANZFTA. Brunei Darussalam, Malaysia, New Zealand, Singapore and Vietnam are also signatories of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TPP-11), along with Australia.
AANZFTA is delivering real commercial benefits for Australian exporters and investors.
Key interests and benefits
- Extensive tariff reduction and elimination commitments.
- Regional rules of origin provide new opportunities for Australian exporters to tap into international supply chains in the region.
- Promotes greater certainty for Australian service suppliers and investors, including through certain legal protections for investment in ASEAN territories.
- Provides a platform for ongoing economic engagement with ASEAN through a range of built-in agendas, economic cooperation projects and business outreach activities.
Please see the ASEAN Secretariat's AANZFTA website for further information.