Upgrading AANZFTA

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.

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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 were formally launched in late 2020, with negotiation rounds starting from 2021. The agreed timeframe for conclusion is 2022.

Why do we need an upgrade?

AANZFTA has now been in force for over a decade. 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 are seeking to modernise the agreement in line with more recent trade policy thinking and to reflect the changes in trade trends in our region. These negotiations will be important to ensure that the free trade agreement remains relevant and is effectively facilitating trade in the region. We also want to ensure that AANZFTA will contribute towards achieving the government’s economic diversification goals.

The parties have agreed the upgrade will focus on the following key trading areas:

  • Rules of origin
  • Customs procedures
  • Services
  • E-commerce
  • Investment
  • Competition
  • Government procurement
  • Trade and sustainable development

Some additional areas under consideration include cooperation on Micro-Small-and-Medium Enterprises (MSMEs).

Share your views on the upgrade

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 share your views.

Resources

  • We publish reports of the AANZFTA Joint Committee meetings (meetings of officials from all member nations).

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