26 February 2024 | 10:39 am GMT +7
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  • Establishing Free Trade Areas

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    • ASEAN-Australia-New Zealand Free Trade Area


      Australia is one of the world’s super powers with a GDP of US$ 1.4 trillion in 2011.  New Zealand, an island country near Australia, equally enjoys a prosperous economy, with a GDP per capita of about US$ 28,000. 

      The ASEAN-Australia-New Zealand Free Trade Area was signed in 2009.  It covers trade in goods and services, investment, electronic commerce, dispute settlement, specific provisions on customs procedures, sanitary and phytosanitaty measures, standards and technical regulations, intellectual property rights, and competition.

      AANZFTA opens up business opportunities in ASEAN, Australia, and New Zealand, allows greater market access for exporters and manufacturers, and promotes economies of scale, and enhances collaboration among economic stakeholders in the region.  It hopes to create a business environment that will offer investors greater assurance that commercial activities will not be unnecessarily interrupted or disrupted. 

      Quick Look on AANZFTA
      Market and GDP
      Combined market and GDP of AANZFTA is 632 million and US$ 3.82 trillion, respectively
      Trade Value
      Trade value among ASEAN, Australia, and New Zealand is US$ 67.7 billion as of 2011
      Foreign Direct Investment
      FDI flows from Australia and New Zealand amounted to over US$ 5 billion and continues to grow


  • Establishing Free Trade Areas

    ASEAN continues to reach out beyond its borders as it aims to gain from the strengths of the economies surrounding it. Through ASEAN’s individual free trade agreements (FTAs) with China, Korea, Japan, Australia and New Zealand, and India, investors are provided opportunities to access, linked with, and do business with some of the world’s most high-potential markets.


    Air Travel

    Air Travel

    The move towards an ASEAN Single Aviation Market boosted infrastructure investment and aviation development plans in the region. Growth is also attributed to the proliferation...