The fourth MMAP took place in February 2014 and ministers agreed that more trade and investment could be supported by promoting increased use of AANZFTA; Encourage the private sector to seek new business opportunities; streamlining trade rules and increasing productivity. Australia and the Philippines share an ambitious agenda of free trade agreements that goes beyond the RCEP. For example, the Philippines hopes to join the Trans-Pacific Partnership (after the implementation of this agreement and the implementation of the accession conditions), which was part of Australia as a founding member and could support the accession process to the Philippines. Australia intends to support quality national infrastructure as well as the development of commercial research and negotiating capabilities. In addition, we plan to continue to support the Philippine Public-Private Partnership Centre for other infrastructure projects in 2016. In 2014, services trade between Australia and the Philippines amounted to AUD 1.3 billion, 64% more than in 2010. Australia`s main services exports to the Philippines in 2014 were educational and personal travel, while the Philippines` main services exports to Australia were business and personal travel. Trade in two-lane goods increased by 66% between 2010 and 2014 to reach AUD 2.9 billion. Australia`s major exports to the Philippines include metal ores and concentrates, copper ores and concentrates, wheat and beef. Exports from the Philippines to Australia include heating and cooling systems and parts, mechanical handling devices, pumps and parts, and electrical machinery. During the December 2015 discussions, senior officials identified specific activities that could boost trade and investment between Australia and the Philippines. This agenda will be developed and implemented in 2016.
Over-the-counter certificates are required to register products with the FDA. It should be issued by a competent government authority of the exporting country, which states that the products are sold freely in that country and must be regulated by the Philippine embassy or consulate. The ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) is one of the most dynamic economic regions in the world. Australia`s trade relations with the Philippines are supported by the ASEAN Australia New Zealand Free Trade Agreement (AANZFTA). Total trade between the Philippines and Australia was valued at AUD 4.1 billion in 2014, 65% more than in 2010, when the AANZFTA came into force. Contains general information, updated economic indicators, Australia`s trade and investment relations with the Philippines and their global trade relations, which are updated twice a year. A comprehensive overview of political, economic and bilateral and regional trade agreements. This law applies to all manufacturers or manufacturers, importers, distributors, large retailers, commoditypackers as well as restaurants and restaurants. Penalties for non-compliance include fines of up to 1 million P. and revocation of licences and licences depending on the seriousness of the infringement. ASEAN Merchandise Trade Agreement The 2010 ASEAN Goods Trade Agreement (ATIGA) consolidated all commitments of the ASEAN Effective Customs Free Trade Area (CEPT/AFTA) for merchandise trade. It aims to create an internal market and a production base with the free movement of goods in the ASEAN region, an important part of the ASEAN Economic Community (AEC).
ATIGA includes tariff liberalization, initiatives to facilitate trade, simplification of rules of origin and the creation of an ASEAN trade register. Visit investasean.asean.org/ for up-to-date information on ASEAN trade. It describes the bilateral and multilateral trade agreements to which that country belongs, including with the United States.