The New Zealand-Malaysia Free Trade Agreement (MNZFTA) was signed on 26 October 2009 in Kuala Lumpur and came into force on 1 August 2010. Malaysia is also a party to the ASEAN-Australia Free Trade Agreement (AANZFTA). Distributors should consider the agreement that is most beneficial to their imported/exported products. Australia is our largest trading partner in services. 21% of our services exports go to Australia ($NZ $3.8 billion) and services imports from Australia account for 29.4% ($5.1 billion) of all our services imports. The ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) is a regional trade agreement, including the Association of Southeast Asian Nations (ASEAN), Australia and New Zealand. AANZFTA came into force in 2010 for Australia, New Zealand, Brunei, Myanmar, Malaysia, the Philippines, Singapore, Thailand and Vietnam and came into force in 2011 for Laos and Cambodia and in 2012 for Indonesia. We are negotiating a revaluation of our existing free trade agreement with ASEAN to modernize it, further reduce export barriers and boost trade in the region. AANZFTA is Australia`s first multi-country free trade agreement. This is the first time that Australia and New Zealand have participated together in the negotiations of a free trade agreement with third countries. This is the first time ASEAN has entered into negotiations for a free trade agreement in all sectors, including goods, services, investment and intellectual property.
This is the most comprehensive trade agreement ever negotiated by ASEAN. The New Zealand Free Trade Agreement (NZCFTA) came into force on 1 October 2008. NZ was the first OECD country to sign a comprehensive free trade agreement with China. As soon as 70% of customs positions come into force will be duty-free for goods entering Taipei. Levies on the remaining lines will decrease over a 12-year period. Information on rules of origin for imports from Chinese Taipei and exports to Chinese Taipei is presented in fact sheet 48 (PDF 346 KB). In both the Australian and New Zealand business communities, there was a request to extend the ERC to other Pacific Island states by harmonizing the ERC and the Pacific Regional Trade Agreement (PARTA) in order to move towards an internal market and allow the free movement of people and goods. [Citation required] New Zealand`s economy is a market economy heavily dependent on international trade, particularly with Australia, the United States of America, China and Japan.