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Although we have tried to use plain English content on the site, you may come across specialist terms and acronyms. Find out what they mean in our glossary of terms.

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ASEAN, Australia and New Zealand Free Trade Agreement

The Agreement establishing the ASEAN*-Australia and New Zealand Free Trade Area (AANZFTA) was signed by New Zealand, Australian and ASEAN Trade Ministers on 27 February 2009 at the ASEAN Summit in Hua Hin, Thailand.

AANZFTA entered into force on 1 January 2010 for (and between) the following countries - Australia, Brunei, Myanmar, New Zealand, Singapore, the Philippines, and Viet Nam. The Agreement entered into force for Thailand on 12 March 2010. It will enter into force for the remaining ASEAN Parties after they have notified completion of their respective internal ratification procedures.

The AANZFTA represents a significant milestone in New Zealand’s engagement and ongoing integration into one of the world’s most economically dynamic regions. ASEAN is our third largest export market - growing 110% since 2003, with two-way trade in goods worth $12.2 billion in 2008. Globally ASEAN represents a market of more than 566 million people and accounts for more than US$1,400 billion in trade.

For further information on AANZFTA, including but not limited to the following list, please visit the whole-of-government website: www.ASEAN.fta.govt.nz

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Page last updated: Thursday, 12 August 2010 11:21 NZST