The Parties to the Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) have agreed to amend the Agreement with the aim of making it more business friendly. A First Protocol Amending AANZFTA was signed by Ministers in August 2014 and is expected to enter into force on 1 October 2015. It is important that businesses using AANZFTA to import or export goods acquaint themselves with the changes to AANZFTA and ensure that they are ready for the implementation of the First Protocol on 1 October 2015.
The First Protocol builds on the existing Agreement and aims to further enhance opportunities for business to utilise the agreement. Please visit http://dfat.gov.au/trade/agreements/aanzfta/news/Pages/news.aspx for details. The key changes affect the implementation of the rules of origin and the AANZFTA Certificate of Origin (CoO) used to claim AANZFTA preferential tariff rates.
The First Protocol is expected to enter into force for 10 countries: Australia, New Zealand, Brunei, Burma [Myanmar], Laos, Malaysia, the Philippines, Singapore, Thailand and Vietnam on 1 October 2015. It is expected that the First Protocol will enter into force for Cambodia and Indonesia on 1 January 2016. Information on entry into force will be confirmed on the DFAT website.
There will be a six month transition period which will allow for greater flexibility to provide business time to familiarise themselves with the changes. DFAT is working closely with the Department of Immigration and Border Protection and with Australia’s two CoO Issuing Bodies, Australian Industry Group and the Australian Chamber of Commerce and Industry, on preparations for the 1 October implementation date.
Detailed information will be placed on the DFAT website in coming weeks. Enquiries can be directed to the DFAT AANZFTA enquiry point [firstname.lastname@example.org]. The Issuing Bodies will also be providing information on their arrangements for implementing the First Protocol.