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Welcoming the progress of upgrading negotiations of the Second Protocol to amend the agreement establishing the AANZFTA, the meeting noted that the upgraded AANZFTA would provide value-added elements that take into account modern trade practices, including government procurement, trade and sustainable development, and micro-, small and medium enterprises (MSMEs), competition, e-commerce and trade facilitation, a joint statement released at the conclusion of the meeting said.
The recent 27th ASEAN Economic Ministers-Closer Economic Relations Consultation has welcomed Australia’s and New Zealand’s continued commitment to support ASEAN beyond the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) Economic Cooperation Support Programme (AECSP), particularly through the $32-million Regional Trade for Development (RT4D) initiative.
The meeting hailed the insights proposed by the Australia-ASEAN Chamber of Commerce to enhance trade and investment in the region and encouraged Australian businesses to provide cross-border internship and job exchange.
Fibre2Fashion News Desk (DS)
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