5 Questions
What is a unique feature of the FTA between ASEAN, Australia, and New Zealand?
It is the first plurilateral free trade agreement negotiation embarked upon by New Zealand and Australia as a joint party.
How many people are opened up to new opportunities by this FTA?
Approximately 663 million people
What is the aim of the FTA in terms of economic growth?
To aim for sustainable economic growth in the region
What kind of market and investment regimes does the FTA provide among its signatories?
A more liberal, facilitative and transparent market and investment regimes
How many signatories are there to the Agreement?
12 signatories
Study Notes
AANZFTA Overview
- Australia's first multi-country Free Trade Agreement (FTA)
- ASEAN's first FTA negotiation covering all sectors
Significance
- First plurilateral FTA negotiation undertaken by New Zealand and Australia as joint parties
Impact
- Creates new opportunities for approximately 663 million people in ASEAN, Australia, and New Zealand
Objectives
- Aims for sustainable economic growth in the region
- Achieved through a more liberal, facilitative, and transparent market and investment regime among the 12 signatory countries
This quiz covers the free trade agreement between ASEAN, Australia, and New Zealand, a comprehensive agreement aiming for sustainable economic growth in the region.
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