ASEAN free trade agreement with Australia and NZ

EGov reports on the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA).  

The Agreement will cover a massive 20% of Australia’s two-way trade, worth $112 billion.
The deal will eliminate tariffs on 96 per cent of our current exports to ASEAN nations by 2020.
Currently, only 67 per cent of our exports to the region are tariff-free.

This will support Australian industry by promoting exports, and will play an important role in supporting Australian jobs.

This will be the most comprehensive Free Trade Agreement to enter into force for ASEAN, covering a range of areas including:

Dynamic Export observes:

A statement jointly released by Prime Minister Kevin Rudd and Minister for Trade Simon Crean declared the elimination of tariffs on 96 percent of our exports, up from the 67 percent currently eligible: “This will support Australian industry by promoting exports, and will play an important role in supporting Australian jobs.”