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ASEAN-Australia-New Zealand FTA

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Questions and Answers

What is a unique feature of the FTA between ASEAN, Australia, and New Zealand?

It is a bilateral free trade agreement between Australia and New Zealand.

It is a limited free trade agreement covering only a few sectors.

It is a regional free trade agreement between only ASEAN countries.

It is the first plurilateral free trade agreement negotiation embarked upon by New Zealand and Australia as a joint party. (correct)

How many people are opened up to new opportunities by this FTA?

Approximately 500 million people

Approximately 663 million people (correct)

Approximately 200 million people

Approximately 1 billion people

What is the aim of the FTA in terms of economic growth?

To prioritize economic growth over social and environmental concerns

To promote rapid economic growth at any cost

To focus on economic growth in only ASEAN countries

To aim for sustainable economic growth in the region (correct)

What kind of market and investment regimes does the FTA provide among its signatories?

<p>A more liberal, facilitative and transparent market and investment regimes</p> Signup and view all the answers

How many signatories are there to the Agreement?

<p>12 signatories</p> Signup and view all the answers

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

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Description

This quiz covers the free trade agreement between ASEAN, Australia, and New Zealand, a comprehensive agreement aiming for sustainable economic growth in the region.