Australia Asean Trade Agreement

Chapter 2 of the Agreement provides for progressive tariff liberalisation upon the entry into force of the AANZFTA Agreement. It aims to eliminate at least 90 percent of the products traded in the region within a certain timeline. Australia and New Zealand have committed to achieving 100% tariff elimination by 2020. While Annex 2 of the AANZFTA Creation Agreement contains the official psr data, this PSR searcher is an effective tool for users to easily find the rule for each good marketed under AANZFTA using the 2017 Harmonized System. Source: ABS trade data based on DFAT STARS and DFAT data estimate that Australia`s bilateral trade with ASEAN, amounting to $93 billion, has increased by more than $25 billion over the past decade and now exceeds our trade with the United States and Japan. ASEAN accounts for 11.5% of Australia`s exports and 16.1% of imports. 2014-15, ASEAN was the main source of goods export earnings for Australia`s small and medium-largest exporters.* Australia and ASEAN have a strong trade and investment relationship and our free trade agreements give us a competitive advantage Barriers to trade in services will be progressively liberalized, allowing better market access for service providers in the region; In order to facilitate the free movement of natural persons in trade and investment, AANZFTA has a chapter on the free movement of natural persons (NPMs). This chapter sets out the obligations and obligations relating to the temporary free movement of natural persons, including: the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) is an agreement that includes one of the most dynamic economic regions in the world. A regional dialogue on the development of negative list plans, composed of about thirty trade negotiators. AANZFTA is Australia`s first transnational free trade agreement. This is the first time that Australia and New Zealand have participated together in the negotiations for a free trade agreement with third countries. This is the first time that ASEAN has begun negotiations on free trade agreements covering all sectors simultaneously, including goods, services, investment and intellectual property. It is therefore the most comprehensive trade agreement ever negotiated by ASEAN.