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  jata  Malaysia's Free Trade Agreements

 
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ASEAN - Australia - New Zealand

BACKGROUND

The ASEAN, Australia and New Zealand Summit on 30 November 2004 in Vientiane, Lao PDR, agreed to establish the ASEAN, Australia and New Zealand Free Trade Area (AANZFTA).

The AANZFTA is a comprehensive and single-undertaking economic agreement that opens up and creates new opportunities for the 600 million peoples of ASEAN, Australia and New Zealand which has a combined economic output of USD 2.65 trillion via a platform of a more liberal, facilitative and transparent market access and investment regimes among the signatories to the Agreement. Through the AANZFTA:

  • tariffs will be progressively reduced from entry into force of the Agreement, and eliminated for at least 90 percent of all tariff lines within specified timelines;
  • movement of goods will be facilitated via a more modern and flexible rules of origin, simplified customs procedures and more transparent mechanisms;
  • barriers to trade in services will be progressively liberalized allowing for greater market access to service suppliers in the region;
  • movement of business persons, those engaged in trade and investment activities, will be facilitated; and
  • covered investments will be accorded a range of protection, including the possibility of dealing with disputes via an investor-state dispute settlement mechanism.

 

Economic Ministers of ASEAN, Australia and New Zealand signed the AANZFTA Agreement on 27 February 2009 in Thailand. It is ASEAN's first comprehensive FTA negotiations with Dialogue Partners covering all sectors:

  • trade in goods;
  • investment;
  • trade in services;
  • financial services;
  • telecommunications;
  • electronic commerce;
  • movement of natural persons;
  • intellectual property;
  • competition policy; and
  • economic cooperation.

 

The ASEAN-Australia-New Zealand Free Trade Area Agreement has been implemented by Malaysia on 1 January 2010.

For further information on the Agreement, please visit the following link: http://aanzfta.asean.org

AGREEMENT

Please click the following link to view the Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area:

[Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area, Cha-am, Thailand, 27 February 2009]

TRADE IN GOODS

Chapter 2 of the Agreement provides for progressive liberalization of tariffs from the entry into force of the AANZFTA Agreement. It aims to eliminate on at least 90 per cent of products traded in the region within a specified time line. Australia and New Zealand committed to achieve 100 per cent elimination of tariffs by 2020. The AANZFTA HS2012 Tariff Schedule of all Parties is as follows:

 

Please click the following link to view the Product Specific Rules for AANZFTA:

[Product Specific Rules]

SERVICES

Building on the services liberalization under the World Trade Organization (WTO), the AANZFTA through Chapter 8 on Trade in Services of the Agreement further improves on the commitments and obligations on services trade. Under the AANZFTA, Australia and New Zealand made GATS-plus and commercially meaningful commitments in a number of services sectors.

  • Australia opened up new opportunities for ASEAN service providers in the following sectors/subsectors: legal services, nursing and midwifery, services to mining, communication services, educational services, environmental services, financial services, and transport services.
  • Similarly, New Zealand created new opportunities in legal services, engineering services, veterinary services, construction services, educational services, environmental services and financial services.

 

As a key outcome, services commitments of the AANZFTA Parties/signatories on various services sectors have significantly improved enabling service providers to enjoy greater market access and benefit from improved national treatment commitments as specified in the Parties’ schedules of specific services commitments as follows:

 

Recognizing the critical role of financial services and telecommunications sectors in the integration process, the AANZFTA also has a specific Annex on Financial Services, and an Annex on Telecommunication Services, where Parties undertook additional commitments.

To facilitate movement of natural persons engaged in trade and investment, the AANZFTA has a Chapter on Movement of Natural Persons (MNP). This Chapter sets out the obligations and commitments on the temporary movement of natural persons including:

  • business visitors
  • installers and servicers
  • executives of businesses, headquartered in a Party, establishing a branch or subsidiary, or other commercial presence in another Party
  • intra-corporate transferees
  • contractual service suppliers

 

Commitments on MNP who are services suppliers (Mode 4) are included in the schedules of MNP commitments. The schedules of MNP commitments specify the conditions and limitations governing those commitments including the length of stay for each category of natural persons included in the schedules. The Schedule of MNP Commitments of all Parties is as follows:

CONTACT US

For Preferential Certificate of Origin / Rules of Origin related matters, please contact:

  1. Ms. Sazatul Faeza Alias
    DL: 03-62084751
    Email: sazatulfaeza@miti.gov.my

  2. Mr. Aizul Kamil Ibrahim
    DL: 03-62084718
    Email: aizul@miti.gov.my

 

For other enquiries, please contact the FTA focal point(s) as follows:

  1. Ms. Nurul Dalilah Ali
    DL: 03-62000383
    Email: dalilah@miti.gov.my
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