ASEAN/NZ Free Trade Agreement


The ASEAN Australia New Zealand Free Trade Agreement

The Agreement Establishing the ASEAN - Australia - New Zealand Free Trade Area (ASEAN FTA) will liberalise and facilitate trade in goods, services and investment between New Zealand, Australia and the ASEAN (Association of Southeast Asian Nations) economies. It contains measures to improve business flows and promote cooperation in a broad range of economic areas of mutual interest.

The key elements of the ASEAN FTA include:

  • Liberalised trade in goods – removal of tariffs
  • Rules to govern trade to allow exporters to take advantage of the preferential conditions offered under the ASEAN FTA.
  • Liberalised trade in services - improved commitments in services, particularly in the context of education services.
  • Movement of people - provisions to better facilitate the movement of business people within the ASEAN region.
  • Enhanced protection for investment - enhanced protections for investments established in ASEAN economies.
  • Measures to improve business flows – reducing barriers to doing business in ASEAN.
  • Dispute settlement
  • Associated Documents: Environment and Labour – enhanced communication and co-operation
  • Associated Documents: Temporary Employment Entry / Working Holiday Schemes with the Philippines, and Viet Nam.
To view the bi-monthly newsletter from the Ministry of Foreign Affairs and Trade click here.

Capitalising on ASEAN-Australia-New Zealand Free Trade Agreement

The ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) will enter-into-force on January 1, 2010 for Australia, Brunei, Myanmar, New Zealand, Singapore, the Philippines, and Viet Nam.

The AANZFTA will bring New Zealand exporters trading with these countries substantial benefits. Click here to learn more.

AANZFTA will enter-into-force for the remaining five ASEAN Member Countries (Cambodia, Indonesia, Lao PDR, Malaysia and Thailand) 60 days after they provide formal notification of the completion of their internal ratification procedures.

Certificates of Origin

Additional documentation in the form of AANZFTA Certificates of Origin will need to be submitted with your other export documentation to take advantage of the concessions available under the agreement. There are currently two agencies, accredited by NZ Customs to approve Certificates of Origin, the New Zealand Chambers of Commerce and the Independent Verification Services (IVS).
 
MEDIA RELEASE

Hamilton, New Zealand - An innovative on-line system has just been launched to help exporters better manage Certificates of Origin. Independent Verification Services (IVS), a New Zealand Customs designated body for the issue of Certificates of Origin, has released a unique web-based product and has tailored it to specifically meet the needs of New Zealand exporters.

To view the full article, please click here

For details of the Chambers’ AANZFTA Certificates of Origin services please visit www.chamberdocs.co.nz.
For details of IVS AANZFTA  Certificates of Origin services go to www.ivslimited.co.nz.
For details on the Rules of Origin go to ASEAN Rules of Origin

For more information click on the FTA go to:

ASEAN - Australia - New Zealand Free Trade Agreement
ASEAN - Guide for Business
 

ASEAN/NZ Trade Statistics

 
ASEAN Trade Data (NZ$000)
 
 
 
 
 
 
 
 
 
 
 
 
2007
 
2006
 
2005
 
 
Exports
Imports
Exports
Imports
Exports
Imports
Brunei
2,830
186,148
96,499
430,736
3,263
138,562
Cambodia
1,677
1,225
878
833
727
742
Indonesia
758,667
730,896
605,869
737,151
458,629
585,921
Laos
742
60
516
105
196
100
Malaysia
643,127
1,126,063
487,032
1,195,716
461,466
92,473
Myanmar
4,746
1,623
4,430
1,316
2,675
987
Philippines
665,940
216,043
508,377
146,389
503,535
120,972
Thailand
560,419
1,124,600
431,951
1,030,863
329,488
951,756
Singapore
639,959
2,149,149
421,223
1,873,616
391,828
1,231,525
Viet Nam
358,695
134,971
2,44,141
147,288
151,295
102,455
 
 
 
 
 
 
 
 
 
 
 
 
 
 
ASEAN
Exports (FOB)
%
Re-exports
Imports (CIF)
%
Balance (excl. re-exports)
2007
3,646,815
10.41
75,777
5,670,959
13.54
-2,024,144


The New Zealand Malaysia Free Trade Agreement

New Zealand and Malaysia have finished negotiations on a free trade agreement (FTA) with more benefits than the recently signed ASEAN agreement.

Trade Minister Tim Groser said the FTA with Malaysia would provide benefits "over and above those already secured" including improved market access and greater certainty for New Zealand exporters.

It was an important move in the middle of the global financial crisis and "creeping tendency towards protectionism".

"This will help boost exports and increase job opportunities and growth in both our countries," Mr Groser said.

The FTA will now go through domestic approval processes before it can be officially signed.
Both sides would like to see it signed this year, Mr Groser said.

Malaysia is New Zealand's seventh largest trading partner with two-way trade worth nearly $3 billion last year.
Click here to find out more.

For the ministerial press statement click here. 

For further information contact Luke Leonard (coordinator for the Malaysia-New Zealand FTA), on +64 4 439 8084 or luke.leonard@mfat.govt.nz.

New Zealand - Thailand Closer Economic Partnership Agreement

This agreement entered into force 1 July 2005 after negotiations on a Closer Economic Partnership (CEP) Agreement between New Zealand and Thailand were concluded in November 2004.

In parallel with the CEP, New Zealand and Thailand have negotiated Arrangements on Labour, Environment and Customs Cooperation.
For more information click here.

Trans-Pacific Strategic Economic Partnership Agreement between Brunei Darussalam, Chile, New Zealand and Singapore

The Trans-Pacific Strategic Economic Partnership Agreement (the Trans-Pacific Agreement, formerly known as P4) was signed by New Zealand, Chile and Singapore on 18 July 2005 and by Brunei on 2 August 2005, following the conclusion of negotiations in June 2005. A binding Environment Cooperation Agreement and a binding Labour Cooperation Memorandum of Understanding, which had been negotiated as part of the Trans-Pacific package, were signed concurrently.

On 22 September 2008, comprehensive negotiations for the United States to join the Trans-Pacific Agreement were announced. Australia, Peru and Viet Nam also intend to participate in negotiations.  The first round of negotiations was scheduled to take place in March 2009, but has been postponed to allow the US Administration time to conduct a general review of US trade policy.
For more information click here.

Agreement between NZ and Singapore on a Closer Economic Partnership

The Agreement between New Zealand and Singapore on a Closer Economic Partnership (CEP) entered into force on 1 January 2001. The CEP aims to build on the close historical ties between Singapore and New Zealand by improving opportunities for trade in goods, services and investment.The CEP is comprehensive, covering goods, services, investment and technical and hygiene/quarantine barriers to trade in goods.
For more information click here. 

Comparison of New Zealand's Trade Agreements with South East Asia


Attached is a report prepared by the NZIER at the request of the Ministry of Foreign Affairs and Trade that takes a look at the various trade agreements New Zealand now has in place with ASEAN and a number of the member countries there of.  The Report attempts to highlight the key differences and overlaps between the various agreements, and to suggest - where possible - which agreement New Zealand exporters should use in each market.

Click here to view the report.


AANZFTA Business Seminar


Business leaders from Southeast Asia and New Zealand spoke at the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) Business Seminar on "Partners in Growth: Services Trade with Southeast Asia" on 3 June.

The Ministry of Foreign Affairs and Trade (MFAT) in partnership with, the Wellington Employers' Chamber of Commerce, the ASEAN-New Zealand Combined Business Council and New Zealand Trade and Enterprise (NZTE), hosted the seminar.

Southeast Asia is one of the world's most economically dynamic regions. ASEAN represents a market of more than 600 million people with a combined GDP of US$2.7 trillion. It is New Zealand's third largest export market.

Click here to view the full report.

AANZFTA signing