This notice is presented for archival purposes only. It may contain information that is no longer correct or relevant in the current year. Information within this notice was correct on the date it was issued.
This notice was issued in 2023.
This upgrade will boost economic ties, cut costs and sets a framework for cooperation on sustainable and inclusive trade, a first for an ASEAN Free Trade Agreement. Customs was responsible for negotiating the chapters on ‘Rules of Origin’ and ‘Customs Procedures and Trade Facilitation’. Improvements made to these chapters would facilitate speedier customs clearance resulting from improved documentation requirements.
This will benefit exporters through increased efficiency at the border and the expedited release of goods.
Improvement to the Rules of Origin has also been made, enabling Parties to add more values easily using materials sourced and production undertaken in the region.
More information is available from the Upgrading AANZFTA page of the Ministry of Foreign Affairs and Trade website.