The AANZFTA Agreement effectively creates a free trade area of over 600 million people with a combined GDP of more than US$2 trillion. ASEAN’s total merchandise trade with Australia and New Zealand was almost US$50 billion in 2008.

Exporters will progressively enjoy greater export opportunities between ASEAN, Australia and New Zealand by providing a standardised regional content value and product specific rules. This allows for greater certainty with regard to export expansion in the region of the Parties.