In 2010 entry into force of the Agreement establishing the Association Southeast Asian Nations (ASEAN)
- Australia and New Zealand Free Trade Area (FTA),
Australia is an important trade partner of the Association of
Southeast Asian Nations. The ASEAN total bilateral trade with Australia has grown from USD 42 billion in 2007 to USD 44 billion
Total Foreign direct investment
of Australia to the
Association of Southeast Asian Nations (ASEAN) grew from USD 303 million in 2006 to USD 701
million in 2009.
The total foreign trade between Association of Southeast Asian Nations (ASEAN) and New Zealand
in 2009 was 5.37 billion USD, an augmented from USD 4.5 billion. Foreign direct
investment (FDI) of New Zealand to Association of Southeast Asian Nations member
economies was USD 239 million in 2009 (0.6% of total Foreign direct investment in the region).
The objective of the ASEAN Australia New Zealand Free Trade Area (FTA) is to create a trans-Pacific free trade zone
comprising a market of 600 million people with a combined
Gross domestic product (GDP) of
USD 2.7 trillion.
The ASEAN Australia New Zealand Free Trade Area (FTA) covers: International trade in products and services (including
financial services and
telecommunications), Foreign direct investment, e-commerce, movement of natural
persons, Intellectual Property Rights (IPR), competition policy and regional economic cooperation.
Example of the course ASEAN Australia New Zealand FTA: