Negotiations on this free trade agreement between the 10 ASEAN governments and those of Australia and New Zealand were concluded in Singapore in August 2008. The agreement was subsequently signed in February 2009 and came into force on 1 January 2010.
The ASEAN-Australia-New Zealand FTA (AANZFTA) envisions a regional common market by 2015, and marks the first time that Australia and New Zealand have been involved jointly in negotiating an FTA with third countries. It was also the first time ASEAN embarked on comprehensive FTA negotiations covering all sectors, including goods, services, investment and intellectual property, simultaneously.
The Textile Clothing & Footwear Union of Australia opposed the deal because of the impact of further trade liberalization on these manufacturing sectors and workers in Australia, and human rights concerns regarding Burma. Both the Green Party of New Zealand and human rights activists raised concerns about agreements with some ASEAN governments because of their human rights records. In the ASEAN countries, numerous activist groups also protested the rush into this FTA, especially during a global economic crisis that is hitting local workers hard.
last update: May 2012
Photo: Daveandlolo/CC BY 2.0
The Indonesian government should act “wiser and more cautious” before signing a new free trade agreement (FTA) with Australia and New Zealand this month, a local non-government economic watchdog insisted during a press conference in Diponegoro, Central Jakarta Monday.
The Indonesian Industry Ministry demanded a postponement of the Association of South East Asian Nations (ASEAN) and Australia, New Zealand Free Trade Agreement (FTA) to protect Indonesian local industry, said an official here on Thursday.
Canberra has expressed hopes that member-countries of the Association of Southeast Asian Nations (Asean) will sign a comprehensive free-trade agreement (FTA) with Australia-New Zealand—already completed—that seeks to loosen restrictions on trade and improve investments.
Indonesia, Southeast Asia’s largest economy, has delayed signing a trade deal with Australia and New Zealand, due to be inked this month, until March next year, a senior official said Monday.
Australia will today sign a free-trade agreement with Asean to stimulate trade, services and investment growth.
Local skilled workers will have a chance next year to try their luck in New Zealand, which has agreed to open up to Indonesian workers as part of a free trade agreement (FTA).
Indonesia has proposed the liberalization of professional and service sectors in Australia and New Zealand under the free trade agreement (FTA) between the two countries and ASEAN members.
The Alliance Party says the news that New Zealand has negotiated a free trade deal with ASEAN nations that include the fascist dictatorship of Myanmar is a disgrace of historical proportions and is a slow motion disaster for workers in New Zealand and in Myanmar.
The Maritime Union of New Zealand says a free trade deal signed with ASEAN nations including the military dictatorship of Myanmar is bad for workers as it will boost the violently anti-worker regime in Myanmar and threatens workers rights.
The Association of Southeast Asian Nations concluded Thursday a free trade accord with Australia and New Zealand that will link up the 10-member grouping with the latter’s free trade pact, the sides said.