Australia-New Zealand-Asia Free Trade Agreement.

ASEAN-AUST-NZ sign FTA

The ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) was signed in Thailand on Friday 27 February 2009, concluding a negotiating process that commenced in March 2005.

The AANZFTA parties comprise of the ten ASEAN members (Burma, Brunei Darussalam, Cambodia, Indonesia, Laos, Malaysia, The Philippines, Singapore, Thailand and Vietnam) together with Australia and New Zealand.

AANZFTA will cover an area with a combined population of 600 million and GDP in 2008 estimated at A$3.2 trillion. It is the largest and first multi-country FTA that Australia has signed.