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Commercial Litigation and Dispute Resolution Update
24 Nov 2009
The ASEAN – Australia - New Zealand Free Trade Agreement – Safer investment in Asia?
By Megan Valsinger-Clark and Vaughan Williams of Gadens Lawyers, Sydney
At the recent ASEAN Summit it was decided that the ASEAN-Australia-New Zealand Free Trade Agreement (AANZ-FTA) will enter into force on 1 January 2010.
The AANZ-FTA, signed in early 2009, covers 12 countries, over 600 million people and approximately 20% of Australia’s total trade. For Australians investing in Asia, the AANZ-FTA heralds a new era of safer investment and simpler dispute resolution.
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