ASEAN, Australia and New Zealand

ASEAN is Australia’s second largest trading partner after China. The AANZFTA has set multiple precedents – Australia’s first multi-country FTA, the first joint FTA negotiations between Australia and New Zealand and the most comprehensive trade agreement that ASEAN has ever negotiated.

The First Protocol surrounding the AANZFTA was signed by Ministers on 26 August 2014. Member countries have agreed that this Protocol that will amend the Agreement Establishing the AANZFTA to make it more business-friendly, transparent and efficient by introducing new procedures to expedite administrative revisions, removing extraneous information requirements and streamlining the presentation of rules of origin.