Doing Business in Free Trade Areas ASEAN-Australia-New Zealand FTA

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1 Doing Business in Free Trade Areas ASEAN-Australia-New Zealand FTA Ms. Lala Castro Assistant Division Chief, Australia Desk Bureau of Export Trade Promotion INTERNATIONAL TRADE GROUP Department of Trade & Industry

2 How big is the Australia & NZ Market? In 2009: 26 million consumer base US$ 934 billion in combined GDP US$ 38,500 GDP per capita US$ 185 billion ANZ total imports from the world US$ 0.32 billion RP exports to ANZ

3 Market Characteristics Market for high value goods and services Migrant population Biosecurity/Quarantine Measures Food standards & labeling requirements Concern for the environment Internet savvy

4 2009 Top Exports to ANZ Australia US$ 295 million 46% - car parts, copper cathodes, nickel ores, UPS, lubricants, dessicated coconuts New Zealand US$ 28 million 61% - fresh bananas, fresh & preserved pineapples, dessicated coconuts, carageenan, mango puree, sacks, lead acid batteries, glass, cleaning substance

5 AANZFTA Benefits for Philippine Business The AANZFTA is a comprehensive single undertaking FTA that entered into force on 1 January 2010 and covers the following areas: Trade in Goods Chapter Trade in Services Movement of Natural Persons Chapter Investment Electronic Commerce Chapter Intellectual Property Chapter Competition Chapter Economic Cooperation Chapter

6 Philippines equalizing with other ASEAN countries with bilateral FTAs with ANZ Product Australian Tariff Rate MFN Rate TAFTA* Rate for RP (%) for Thailand (%) Garments Footwear 10 9 Motor vehicle parts nes 10 5 Other vessels for the transport 5 0 Furniture 5 0 Jewellery 5 0 Christmas decors 5 0 Processed food 5 0 Marble 4 0 *Thailand-Australia Free Trade Area. TAFTA entered into force on 1 January 2005

7 Zero tariffs for all products exported to ANZ by %of Tariff Lines 2020 Australia s Tariff Reduction Commitment 0 % tariff by Year Products of Export Interest to RP 96.4% 2010 Processed food, beverages, minerals, inorganic/organic chemicals, leather goods, footwear, basket ware, ceramics, fine and costume jewelry, appliances, auto & auto parts, ships & boats, furniture, women s undergarments, cotton jackets/blazers/dresses/skirts/trousers/ blouses/night dresses, overcoats of wool, trousers of synthetic fiber, hosiery, socks, gloves, shawls, ties 96.5% 2012 Cotton men s shirts/babies garments 96.8% 2015 Men s suit/dresses of synthetic fiber, women s jackets/suits of wool 100.0% 2020 All other articles of apparel and clothing, carpets, wooden office furniture

8 New Zealand s Tariff Reduction Commitment %of Tariff Lines 0 % tariff by Year Products of Export Interest to RP 84.7% 2010 Processed food, beverages, minerals, inorganic/organic chemicals, basket ware, ceramics, fine and costume jewelry, auto, ships & boats 90.0% 2012 Air conditioners/refrigerators/freezers, upholstered seats, marble, 90.3% 2013 Furniture of cane/bamboo/metal, Christmas decor 96.5% 2017 Leather coats/belts/gloves, carpets, knitted/crocheted fabrics, articles of clothing & apparel, footwear 100% 2020 Chewing gum, sweet biscuits, soy sauce, wooden doors, furniture of plastics, other articles of clothing & apparel

9 %of Tariff Lines Protection for some local industries RP Tariff Reduction Commitments End rate /Year Products 2% 5% by 2020 Goats (live/meat), dairy spread, yogurt, garlic, onion, air-con/refrigerator/freezer /washing machine, auto parts ( seat belts, brake lining, gear boxes, radiators, silencers, clutches, seats for auto) 3% 20% margin of preference in 2020 (ST2) 1% Exclusion Rice, sugar Iron & steel, plastics, glass, swine/poultry meat, potatoes, cabbages/lettuce/carrots/ broccoli/cauliflower/celery, corn, sausages/ham/luncheon meat

10 Export Opportunity in Australia for the Automotive Industry With zero tariffs for Philippine cars in 2010, Australia becomes an attractive export market for car and car parts manufacturers. (Malaysia and Indonesia will enjoy zero tariffs for bigger cars by 2020 & 2017 respectively.) Philippines becomes an alternative investment site for international car companies planning to export to Australia. Australian car exports to the Middle East and even Africa would constitute a valuable market for Philippine parts manufacturers.

11 Promotes product complementation & synergy Most of our major exports are not produced by Australia/New Zealand Most of our imports from Australia and New Zealand are not locally produced or are locally produced but insufficient quantity Lower tariffs for imported raw materials result in lower prices of commodities for local or export goods

12 Enhances Investment Promotion while protecting sectors reserved only for nationals Philippines becomes an alternative investment site for companies planning to export to Australia and New Zealand Improves transparency of investment regimes Provides covered investment with fair and equitable treatment, and full protection and security Does not contain any up-front commitments on market access, but Article 16 of the Investment Chapter provides for discussions on the schedules of reservations within five years from the date of entry into force of the Agreement.

13 Provides broader market access and opportunities for Filipino professionals and skilled workers Australia expanded definition of Contractual Service Suppliers in their MNP commitment to cover professionals, including nurses, and skilled workers, allowing entry for up to 12 months with provision for extension Australia will accord full working rights to spouses of intra-corporate transferees, independent executives and Contractual Service Suppliers if stay is greater than 12 months New Zealand would allow entry of independent professional service suppliers for up to 1 year, and business visitors, installers or servicers for up to 3 months per year

14 Temporary Employment in New Zealand of Nurses, Farm Managers and Engineering Professionals New Zealand will allow up to 100 Philippine nurses to work in New Zealand as Registered Nurses at any one time for a period of up to three years. Nurses would be given working visas even while they are undergoing the required bridging course and exam. New Zealand will allow up to 20 Philippine Farm Managers and 20 Philippine Engineering Professionals to enter New Zealand at any one time for a period of three years.

15 Working Holiday Scheme between New Zealand and the Philippines Officials from New Zealand and the Philippines to enter into negotiations for a reciprocal Working Holiday Scheme which would be open to up to 100 citizens of each country The scheme would enable Filipinos holding tourist visas to work while on holiday in New Zealand

16 Funding of Model Dairy Farms from New Zealand Support the Philippine dairy production agenda and raise level of self-sufficiency in milk Up to five (5) model dairy farms stocked with an appropriate number of donated impregnated heifers, with the relevant equipment and guidance of experts.

17 Memorandum of Agreement (MOA) on Labor and Environment with New Zealand The MOA on Labor has as an annex a list of potential projects for cooperation between the Philippines and New Zealand that aim to foster job creation, and decent work and meaningful jobs for workers, both domestically and internationally. The MOA on the Environment is a reaffirmation of the value both nations put on sustainable development and environment protection.

18 Economic Cooperation Under Economic Cooperation Work Program there are 57 project proposals estimated to cost AUD million aimed at capacity building for the effective implementation of the FTA. 8 Components: - ROO - SPS - STRACAP - Services - Investment - Intellectual Property - Sectoral Integration - Customs

19 Virtual tour of the AANZFTA website

20 Thank you

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