Free trade agreements are the main drivers of trade and investment between the two countries. Australia will reduce most of its tariffs this year and all tariffs to zero per cent by 2020, in line with the ASEAN-Australia-New Zealand-Free Trade Zone (AANZFTA) customs plan. In addition, the comprehensive and progressive Trans-Pacific Partnership (PPCC) agreement will further strengthen bilateral trade relations. Increased trade is creating more Australian jobs and providing more opportunities for Australian businesses. Learn how to take advantage of free trade agreements. Read more… Vietnam has many economic assets, including the skills and entrepreneurial spirit of its young workforce. It is also a member of a growing network of free trade agreements, both individually and within the framework of ASEAN, and is in the most dynamic part of the world. However, the country faces challenges in maintaining its growth and development trajectory in the longer term.
Vietnam`s ability to cope with recent economic developments will be an important test for the government. The agreements are expected to allow Vietnamese exports, including agricultural products, textiles, clothing and footwear, to enter the australian and New Zealand markets. They will also facilitate the flow of investment from both ocean countries to Vietnam, VietnamNet writes. Dezan Shira Associates provides business intelligence, due diligence, legal, tax and advisory services throughout Vietnam and Asia. We have branches in Hanoi and Ho Chi Minh City as well as throughout China, Southeast Asia, India and Russia. To help you invest in Vietnam, please contact us at firstname.lastname@example.org or visit us Www.dezshira.com Australia and Vietnam Parties to the AmSEAN-Australia-New Zealand Free Trade Agreement which came into effect on January 1, 2010. Vietnam ratified the agreement on 24 June 2009. – cooperation agreement between the Australian Parliament and the National Assembly of Vietnam (unspecified; 05/2013) – Agreement between Australian Bureau Meteorology and Viet Nam National Meteorological Service (within the DMHCC), including agreement to maintain the agreement and extend its centre of gravity (01/2015) Vietnam has been in transition since the introduction of the Doi-Moi reforms in 1986 of a socially planned market economy. From the beginning until the mid-1990s, liberalization measures led to rapid export growth and strong economic growth, with average real GDP growth of 9% per year.