The asean australia new zealand fta
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The ASEAN-Australia- New Zealand FTA. September 23, 2008. Outline. Objectives Progress of Negotiations Tariff Reduction/Elimination Schedules Normal Track Sensitive Track 1 Sensitive Track 2 Exclusion List. Objectives. 1. ZERO TARIFFS FOR ALL PRODUCTS FOR ANZ

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The ASEAN-Australia- New Zealand FTA

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The asean australia new zealand fta

The ASEAN-Australia- New Zealand FTA

September 23, 2008


Outline

Outline

  • Objectives

  • Progress of Negotiations

  • Tariff Reduction/Elimination Schedules

    • Normal Track

    • Sensitive Track 1

    • Sensitive Track 2

    • Exclusion List


Objectives

Objectives

1. ZERO TARIFFS FOR ALL PRODUCTS FOR ANZ

ASEAN’s target since the start of the negotiations is to demand 100% tariff elimination from Australia and New Zealand.

2. PHILIPPINES EQUALIZING WITH THAILAND –

( a major competitor which currently enjoys lower tariffs because of their bilateral FTAs with Australia and New Zealand)

  • Important for Philippine export products facing fierce competition from Thailand, i.e., wiring harness, other motor parts, food products, garments, fashion jewelry and furniture


The asean australia new zealand fta

Cont. Objectives

3. Promote product complementation

Most of our major exports are not products of selling interest of Australia/New Zealand

Most of our imports from Australia/New Zealand are not locally produced or are locally produced but insufficient quantity

Examples of product complementation with Australia are on the autoparts and copper industries

Lowering of tariffs promotes lower-priced manufacturing inputs


The asean australia new zealand fta

1997 – Economic Benefits Study

(GDP increase of US$ 16.1 Bn )

2005 – Start of Negotiations

August 2008 – Conclusion of Negotiations

December 2008 – Signing of the Agreement at

the Summit in Bangkok

Entry in Force - 2009

Progress of Negotiations


The asean australia new zealand fta

AANZFTA Tariff Elimination/Reduction Modality


The asean australia new zealand fta

Philippine Tariff Reduction ScheduleNormal Track – 90% of tariff lines by 2013


The asean australia new zealand fta

Philippine Tariff Reduction ScheduleSensitive Track 1 – 6% of tariff lines by 2020


The asean australia new zealand fta

Zero for Zero for some auto and auto parts

Objective: Export Opportunity In Australia For The Automotive Industry

To equalize with Thailand’s existing rates under TAFTA

With zero tariffs for Philippine cars, Australia becomes an attractive export market for car and car parts manufacturers.

Philippines becomes an alternative investment site for international car companies planning to export to Australia.

Australian car exports to the Middle East and even Africa would constitute a valuable market for Philippine parts manufacturers.

Special Arrangement


The asean australia new zealand fta

Heavy Vehicles – no local production - Zero for Zero (ZFZ)

Big Engine Displacement (> 3 liters) – no local production - 0% by 2010,

Small Engine Displacement (3 liters or less)

30% MFN – 20% (2009), 14% (2010), 7% (2011), 0% (2012)

20% MFN – 15% (2009), 10% (2010), 5% (2011), 0% (2012)

15% MFN – 10%(2009), 5% (2010), 0% (2011)

Categories for CBU Tariff Reduction


The asean australia new zealand fta

Thank You!


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