We, the Trade Ministers of ASEAN, Australia and New Zealand today welcome the significant contribution the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) has made to promoting regional economic integration and the prosperity of our peoples since it was signed 10 years ago. AANZFTA was a visionary and precedent-setting agreement, which has delivered tangible benefits to businesses and consumers in each of our countries since it entered into force in 2010. Trade and investment among the 12 parties has increased following entry into force of the Agreement, with intra-goods exports increasing by nearly 50 per cent and inwards investment flows increasing by more than 180 per cent.

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