This will allow for full implementation of the AANZFTA by all contracting parties and will, hopefully, further enhance our trade with the region.
Doubtlessly this will start a mad scramble for appropriate Certificates of Origin and softwear upgrades for reporting Import and Export Declarations to claim preferential treatment for goods of Australian and Indonesian origin as provided for in the AANZFTA.
There will also be the usual move to schedule the transport of qualifying goods to ensure that they secure the full benefit of preferential access. There were issues on this for both the AUSFTA and the earlier stages of the AANZFTA.
As always we would be delighted to assist and time spent preparing in advance of the “go” date will be well rewarded.
Presumably, the Australian Customs and Border Protection Service will be issuing a Notice or Notices regarding this development.
I should also add that amendments to the Singapore-Australia Free Trade Agreement (SAFTA) came into force on 2 September 2011.
Contact: Andrew Hudson, Melbourne +61 3 8602 9231 ahudson@hunthunt.com.au
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