Skip to content
Foreign Affairs Trade

Treaties Committee recommends ratification of Southeast Asia trade area agreement

Parliament of Australia 2 mins read

The Joint Standing Committee on Treaties has tabled a report recommending the ratification of the following treaty action:

The Association of Southeast Asian Nations (ASEAN) is Australia’s second largest trading partner with two-way trade totalling AUD 178 billion and AANZFTA is noted as being ASEAN’s highest quality free trade agreement in terms of market access for goods trade.

Building on the original AANZFTA agreement signed in February 2009, the AANZFTA Second Protocol provides broader coverage through new provisions on services and investments, new digital trade data rules, and first-time cooperation in the areas of environment, labour rights, and women’s economic empowerment.   

Committee Chair Mr Josh Wilson MP said: “ASEAN’s strong economic growth is set to continue and in implementing the Second Protocol, Australia will expand economic opportunities and integration with this important region. Through stronger investment protection and commitments to specific sectors, this protocol increases assurance for Australian investors and with improvements with respect to inclusive and sustainable trade, creates new commercial opportunities and establishes new shared wellbeing norms that will benefit Australia.”

“During public hearings concerns were raised regarding investor-state dispute settlement provisions in the AANZFTA and their ability to impinge upon national sovereignty. Significantly, Australia negotiated a review of ISDS provisions as part of the Second Protocol. The Committee will maintain a close interest in the review, and will seek an update on the government’s review work program in due course.”

The Committee supports ratification and recommends that binding treaty action be taken for this protocol as well as the following minor treaty actions;

  • Implementing Changes to the Product-Specific Rules Annex of the Regional Comprehensive Economic Partnership Agreement
  • Instrument for the Amendment of the Constitution of the International Labour Organization, 1986
  • Amendments of 2022 to the Code of the Maritime Labour Convention 2006

The report can be found on the Committee website, along with further information on the inquiry.

Media inquiries

Mr Tim Watkin, Chief of Staff, Office of Josh Wilson MP
0434 555 823

For background information

Committee Secretariat
02 6277 4002

For more information about this Committee, you can visit its website. On the site, you can make a submission to an inquiry, read other submissions, and get details for upcoming public hearings. You can also track the Committee and receive email updates by clicking on the blue ‘Track this Committee’ button in the bottom right-hand corner of the page.

More from this category

  • Foreign Affairs Trade, International News
  • 21/05/2024
  • 14:55
Monash University

Monash Expert: New Caledonia unrest

Riots in New Caledonia have left Australian tourists stranded, prompting the federal government to send rescue flights to pick up stranded tourists. A Monash University expert is available to talk about the civil unrest and its implications for Australia. Dr Nicholas Ferns, ARC DECRA Fellow, School of Philosophical, Historical and International Studies Contact: +61 3 9903 4840 or The following can be attributed to Dr Ferns: “After the French National Assembly voted to change voting laws in its overseas possession of New Caledonia, riots have erupted causing at least six deaths and considerable damage to property. French authorities have…

  • Defence, Foreign Affairs Trade
  • 20/05/2024
  • 09:00
Parliament of Australia

Treaties Committee to examine defence cooperation agreement with Fiji

TheJoint Standing Committee on Treatieswill hold a public hearing on Monday, 20May2024 for its inquiry into theAgreement between the Government of Australia and the Government of the Republic of Fiji on Cooperation in the Field of Defence and the Status of Visiting Forces. Committee Chair,Mr Josh Wilson MP, said the agreement ‘would recognise Fiji as a key strategic defence partner of Australia, build on the longstanding defence and broader bilateral relationship between our two countries, and further our shared vision for security and stability in the Indo-Pacific region.’ ‘The agreement would enable more frequent and sophisticated defence cooperation between Australia…

  • Foreign Affairs Trade
  • 17/05/2024
  • 14:27
Parliament of Australia

Trade and Investment Growth Committee to inquire into the utilisation of benefits under Australia’s free trade agreements

TheJoint Standing Committee on Trade and Investment Growthhas launched an inquiry into the understanding and utilisation of the benefits available to Australian industry and communities under free trade agreements. The inquiry will focus on the level of awareness and uptake of the benefits available under Australia’s free trade agreements, including the promotion of the benefits of trade, the difficulties faced in accessing the benefits of trade agreements, and how the utilisation of trade agreements is measured. It will also examine the extent to which regional, diaspora and First Nations communities take advantage of trade opportunities, including through free trade agreements,…

Media Outreach made fast, easy, simple.

Feature your press release on Medianet's News Hub every time you distribute with Medianet. Pay per release or save with a subscription.