Thailand is also a party to the AANZFTA agreement. Distributors should consider what is the most appropriate agreement for their imported/exported products. NZ also has bilateral trade agreements with Malaysia, Australia and Thailand. Distributors should consider the agreement that is most beneficial to their imported/exported products. For more information on rules of origin and agreement, visit Fact Sheet 8 (PDF 701 KB). Today, ANZCERTA is the largest free trade agreement between the two countries and offers considerable benefits to companies wishing to import and export to Australia and New Zealand. An Asian company, for example, can start an import business in Australia and then use the many trade agreements of Australia and New Zealand without having to insure its own. Since 1983, trade between New Zealand and Australia has continued to grow. Trade in Tasman trans goods was $14.5 billion. Our merchandise exports to Australia were $8.3 billion, or 17.1% of our total exports. Now is the time to write the next chapter on the way to an internal market for the economy.
During my visit, I discussed with Prime Minister Key the remarkable progress made in the SmartGate project to create borderless travel between our two countries. This month, a joint study will be launched to explore how we can create a true “domestic” aviation experience. 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. The ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) came into force in 2010 with Australia, New Zealand and Myanmar, Brunei, Darussalam, Cambodia, the Philippines, Indonesia, Singapore, Lao PDR, Thailand, Malaysia and Vietnam. In 2015, the agreement was updated to streamline the process of certifying the movement of goods, to reduce costs and compliance, and today AANZFTA offers exporters the opportunity to enter international supply chains and sell their products and services to consumers around the world – and, in fact, to import high quality goods to create added value and sell the middle-class consumer market in Australia and New Zealand. New Zealand negotiates bilateral and multilateral free trade agreements with the following blocs and countries: New Zealand and Australia are committed to creating a seamless trans-Tasman economic environment that allows New Zealanders to do business in Australia as easily as it is to do business in and around New Zealand. It is known as the Internal Market of the Economy (SEM) and is built on the basis of the ERC agreement. Because of the distance between Australia and New Zealand and important markets such as Asia, Europe and the Americas, the two countries have a series of free trade agreements aimed at strengthening their economies and boosting trade. But countries are also interacting with each other, and that is how we take a closer look at the trade relations between Australia and New Zealand.