Freight & Trade Alliance (FTA) has prepared a brief update on the latest information in relation to :
- Australia-European Union Free Trade Agreement (A-EUFTA)
Progress was delayed as a consequence of the reaction to the submarine projects decision it now appears to be back on track; discussions ongoing regarding 30 chapters of the Agreement including technical barriers to trade and intellectual property, including geographical indicators. It is hoped negotiations will be finished mid-2023.
- Australia-India Economic Cooperation and Trade Agreement (AI-ECTA)
The Australia-India Economic Cooperation and Trade Agreement (ECTA) will enter into force on 29 December 2022, with Year 1 reductions commencing on that date. Tariff reduction provisions at this time only cover up to and including Chapter 72 of the tariff. Further negotiations will occur next year for the remaining chapters of the tariff and are hoped to be concluded in 2023.
- Australia-United Kingdom Free Trade Agreement (A-UKFTA)
Australia is very advanced in being ready to start this FTA. On 22 November 2022, the A-UKFTA passed the Australian Parliament but we do no start date confirmed as of yet. Once the domestic procedures have been completed, Australia and the UK will provide each other with confirmation of their completion through an exchange of diplomatic notes, and the agreement will enter into force 30 days later, or on any other date that is mutually agreed.
- ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) Upgrade
Substantial completion on 13 November 2022. Maintains existing FTA but new ROO aimed at expediting the movement of humanitarian aid. New provisions for transport hubs but details are yet to be confirmed. New self-certification provisions similar to Australia's recent FTAs.
This update provides critical information including:
- Certificate/Declaration of Origin requirements;
- Rules of Origin and
- Extracts of Consignment Rules
The complete update is available HERE (FTA / APSA login required)
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