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THE AGREEMENT ESTABLISHING THE ASEAN – AUSTRALIA – NEW ZEALAND FREE TRADE AREA (AANZFTA)

Australia and New Zealand's commitment on tariff for Vietnam

  • Since 2015, Australia has eliminated tariffs for about 97% of tariff lines (only maintaining a low tariff less than 10% for some products such as bamboo shoots, surgical threads, wood and wood products, iron and steel products, fabrics ...)
  • Since 2015, New Zealand has eliminated tariffs for about 91% of tariff lines (only maintaining low tariff less than 10% for some products such as cakes, sweets, cereal products, wood and wood products, chemicals, components, auto parts, machinery, equipment, tools and spare parts, computers, electronic products and components,…)
  • By 2022 (at the end of the schedule), both Australia and New Zealand will completely eliminate tariffs (all Tariffs) for goods from ASEAN countries.

Vietnam's commitment

  • Since 2018, 86% of tax lines in the Tariff will be eliminated.
  • By 2022 (at the end of the schedule), 92% of tariff lines in the Tariff will be eliminated (including items such as livestock; pharmaceuticals; sugar; rice; wood; paper; chemicals; cosmetics; etc.)
  • 8% of the remaining tax lines will be reduced according to a separate schedule or maintained at the same rate (for example, goods such as fruits (oranges, tangerines); alcohol, cigars, petroleum, tobacco leaves, steel products, etc.)