ASEAN-Australia-New Zealand FTA
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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.

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