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Leaders from ASEAN (Association of Southeast Asian Nations), Australia and New Zealand agreed in 2004 to launch negotiations for a Free Trade Agreement (FTA) involving the 10 countries of ASEAN and Australia and New Zealand.
Together the 12 countries involved have a combined population of over 500 million people and an estimated GDP exceeding US$700 billion. Agreement to move to FTA negotiations follows four years of economic and technical cooperation under the AFTA-CER Closer Economic Partnership agreed in 2000. At that time it was estimated that an FTA would boost aggregate GDP across the 12 countries by more than US$48 billion over the period 2000-2020 with an additional US$3.4 billion to New Zealand.
An FTA between New Zealand, Australia and ASEAN is expected to strengthen economic growth and development throughout the region and to facilitate the development of a closer economic relationship between New Zealand and ASEAN.
With the ASEAN-Australian-New Zealand Free Trade Agreement (AANZFTA) moving towards conclusion, we would like to encourage you to attend one of our consultation rounds scheduled over the next couple of weeks around the country. More
ASEAN-Australia/New Zealand Free Trade Agreement
