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Aanzfta Agreement

It was also the first time that ASEAN entered into comprehensive negotiations on a free trade agreement covering all sectors at the same time. AANZFTA is based on the desire to explore a link between the ASEAN Free Trade Area (AFTA) and the Australia-New Zealand Trade Agreement on Closer Economic Relations (RECs). This is where the AFTA-CER Closer Economic Partnership (CEP) agreement was born. The main objective of this agreement was to deepen economic integration through a work programme focused on trade facilitation and capacity building, but offered incomplete trade coverage. . . .