Singapore continues to strengthen economic ties with like-minded partners with the entry into force of the Upgraded ASEAN-AUSTRALIA-NEW ZEALAND Free Trade Area Agreement

Singapore continues to strengthen economic ties with like-minded partners with the entry into force of the Upgraded ASEAN-AUSTRALIA-NEW ZEALAND Free Trade Area Agreement

The Upgraded Agreement Establishing the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) will enter into force on 21 April 2025. The AANZFTA effectively establishes a free trade area of over 703 million people, with a combined GDP of more than USD 5.6 trillion. This upgrade reflects Parties’ commitment to uphold an open, inclusive and rules-based multilateral trading system. They also ensure that the AANZFTA remains relevant and responsive to evolving global challenges.

Please click here for the full press release.

MINISTRY OF TRADE AND INDUSTRY
21 APRIL 2025

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