We’re negotiating an upgrade of our existing free trade agreement with ASEAN to modernise it, further reduce barriers impacting exports, and boost trade in the region.
In 2017, AANZFTA countries undertook a General Review of the existing agreement. This review took place in two stages; an assessment of the impact of the agreement, and the consideration of options to address identified issues.
In 2018, AANZFTA Ministers endorsed recommendations from the General Review, agreeing to start upgrade negotiations. These negotiations will be formally launched as part of the AANZFTA Joint Commission in Melbourne in May 2019.
AANZFTA has now been in force for nine years. While it has provided positive benefits to New Zealand, more can be done to address remaining issues and further develop rules in modern trade policy areas.
We'll be seeking to modernise the agreement in line with more recent trade policy thinking, as well as to further improve market access to ASEAN countries for our exporters. These negotiations will be important to ensure that the free trade agreement remains relevant and is facilitating trade in the region. We also want to ensure that AANZFTA will contribute towards achieving the government’s economic diversification goals.
The upgrade will focus on the following key trading areas:
- Rules of origin
- Customs procedures
- Government procurement
- Trade and sustainable development
We’re interested in what New Zealanders and New Zealand businesses have to say about AANZFTA. Your views will help inform our overall approach to the AANZFTA upgrade.
Find out how to have your say here.