Penguin’s Guide to Free Trade Agreements in Australia

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New Zealand is party to several free-trade agreements Free trade account australia malaysia worldwide. It is strongly dependent on tourism and agricultural exports, and has only small manufacturing and high-tech components. Economic free-market reforms of the last decades have removed many barriers to foreign investment, and the World Bank has praised New Zealand as being the most business-friendly country in the world [1].

Regional and bilateral free trade agreements have become an important part of New Zealand's international trade policy. New Zealand has used free trade agreements also known as closer economic partnerships to liberalise trade between economies. A Closer Economic Partnership Agreement with Thailand was negotiated in free trade account australia malaysia implemented in Negotiations for further agreements with Malaysia were undertaken inbut failed to reach a conclusion.

Here is a list of free trade agreements of which New Zealand is part. In parentheses, the abbreviation, if applicable, membership if not stated before, and the date of coming into force are to be seen. New Zealand is negotiating bilateral and multilateral free trade agreements with the following blocs and countries:.

From Wikipedia, the free encyclopedia. Retrieved 4 April Retrieved 26 October New Zealand Commerce and Industry Office. Retrieved 23 December Retrieved 10 April Archived from the original on 22 April Retrieved 16 November New Zealand National news". Retrieved 14 November Retrieved 27 May New Zealand free-trade agreements.

Foreign relations of New Zealand. European Union United Nations Free trade agreements. Economy of New Zealand. Social class Income Poverty International rankings. Retrieved from " https: Free trade agreements of New Zealand. Views Read Edit View history. This page was last edited on 4 Aprilfree trade account australia malaysia By using this site, you agree to the Terms of Use and Privacy Policy.

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Ladies and gentlemen - It is with great pleasure that I visit Perth once again and I am equally pleased to have this opportunity to speak with you about the bilateral trade relationship between Australia and Malaysia. I am always impressed by the strong business connections Western Australians have developed with South East Asia, and the attendance at this breakfast today is testimony to that fact.

Any discussion of the bilateral relationship between Australia and Malaysia must begin with an appreciation of just how long, deep and extensive the relationship is.

This relationship has been forged through cooperation over many years in the areas of trade, education, defence and tourism. The range and depth of these contacts provides us with a solid base for cooperation today. Education has played a very important role in the relationship between the two countries. Under the Colombo Plan, over , Malaysian students have graduated from Australian educational institutions.

Making Australia today, the number one overseas education provider to Malaysia. There are currently almost 16, Malaysian students studying in Australian educational institutions, over 85 per cent of who are in higher education. Malaysian students account for almost 1 in 5 overseas students in higher education in Australia.

And the current trends are encouraging. However, it is no longer just a case of Malaysian students travelling to Australia. Australian institutions are re-structuring their operations in order to take the education to Malaysia. Monash University was the first foreign owned institution to receive approval to establish a branch campus in Malaysia.

While today, Curtin University is also in a position to offer educational services to Malaysia. The commercial links between the countries are very strong.

Malaysia is Australia's 10th largest trading partner overall and our 11th largest destination for exports. While Malaysia's exports to Australia remained strong during the recent economic crisis, Australia's exports to Malaysia tapered off somewhat. However encouraging figures just released this week show that merchandise exports for the last financial year were up 15 percent on the previous year. Also encouraging is the fact that despite the regional economic crisis, most of the or so Australian companies present in Malaysia maintained their operations there during the crisis.

In fact, total Australian investments rose by about 6. Making Australia the 12th largest foreign investor in Malaysia. Real opportunities for investment exist in the areas of building, construction and infrastructure sectors. Only last month, I met with the Malaysian Deputy Minister for Works who was here to promote Malaysia as a destination for Australian investment. With Malaysia's relatively open market and continuing trade liberalisation, opportunities for Australian companies have never been better.

Late last year, tariffs on 43 food categories were abolished. While tariffs on another food products were reduced. Opening the way for Australia's agri-food industries.

But like many countries of the 21st Century the big opportunities exist in the area of Information Technology. With the development of the Multimedia Super Corridor MSC in Malaysia, and the growth of e-commerce and related services in Australia, natural opportunities are beginning to emerge.

Australia is now recognised as a world class service provider. From financial services to healthcare, telecommunications to engineering, Australia is now in a position to provide leading edge technology and highly skilled workers to the Malaysian market, providing Australian industry with increased opportunities in all aspects of the IT-economy.

Tourism remains an important aspect of our commercial links. Malaysian Airlines is now one of the key carriers on the busy Europe-Australia route. Malaysia and Australia offer different but complementary options for northern hemisphere tourists. Both sides could work more actively to jointly maximise the benefits of this growing tourist trade, which will intensify in the lead up to the Sydney Games and beyond. Last year, nearly , Malaysians visited Australia, up from , the year before.

Last month, John Moore, the Minister for Defence, visited Malaysia for bilateral and regional security discussions. I am pleased to be able to announce today that my Department, with the support of the WA Government will showcase Western Australia's Black Swan Theatre company in Malaysia, by sponsoring performances at the Alumni Convention. I am also hoping to visit Malaysia later this year to co-chair the third Joint Trade Committee meeting with my counterpart Minister Rafidah.

I look forward to your contribution towards developing the agenda and outcomes for that meeting. A key regional interest being pursued by the government this year is the proposal for a free trade area between ASEAN countries, including Malaysia, and Australia and New Zealand. We have been encouraged by the work to date of the Task Force, in exploring this issue and I commend Tim Fischer for the work he has done as Australia's representative.

I will be working for a positive outcome at the Chiang Mai meeting to progress this exciting initiative. If the proposal for an FTA were implemented, it would lead to an open market of over million people, of which Malaysia would be an important part. It would be a tremendous boost to our trade and export links with the region which is a priority for this Government. In particular, we should build on the strong foundations already in place to consolidate our commercial links in the years ahead.

The business community has a key role to play in taking advantage of the shared interests and common goals evident in our relationship. I look forward to your further contribution to Australia's bilateral relationship with Malaysia, and to working with you as our trade and investment links continue to grow strongly. Consolidating a Strong Commercial Relationship Check Against Delivery Introduction Thank you Ted [MC] Ladies and gentlemen - It is with great pleasure that I visit Perth once again and I am equally pleased to have this opportunity to speak with you about the bilateral trade relationship between Australia and Malaysia.

The bilateral relationship Any discussion of the bilateral relationship between Australia and Malaysia must begin with an appreciation of just how long, deep and extensive the relationship is.

Education cooperation Education has played a very important role in the relationship between the two countries. Commercial links The commercial links between the countries are very strong.

However encouraging figures just released this week show that merchandise exports for the last financial year were up 15 percent on the previous year Also encouraging is the fact that despite the regional economic crisis, most of the or so Australian companies present in Malaysia maintained their operations there during the crisis.

Investment opportunities Real opportunities for investment exist in the areas of building, construction and infrastructure sectors. With the development of the Multimedia Super Corridor MSC in Malaysia, and the growth of e-commerce and related services in Australia, natural opportunities are beginning to emerge Australia is now recognised as a world class service provider.

Tourism Tourism remains an important aspect of our commercial links. Institutional links Underpinning the development of the overall bilateral relationship are regular institutional meetings and visits.