Underline menu menu close

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

Vietnam's commitment on opening up the service market in AANZFTA is equivalent to that of Vietnam's WTO accession commitments, except that education services are broader than WTO commitments, mainly in terms of scope.

The chapter on Investment in AANZFTA is the largest one of investment commitments that Vietnam has signed before, include both liberalization (opening to foreign investment) and principles of treatment and investment protection. However, many contents in this Chapter have not taken effect immediately but depend on further negotiations between the Parties. The commitments that have not taken effect immediately mainly relate to the principle of expropriation of investors, compensation in case of armed conflict, and settlement of international investment disputes (ISDS).