2nd Protocol amending ASEAN-Australia-NZ Free Trade Area starts

Philippine President Ferdinand Marcos Jr expressed optimism that this will open new opportunities for e-commerce, trade and micro, small and medium enterprises (MSMEs).

The Second Protocol amending the ASEAN-Australia-New Zealand Free Trade Area entered into force recently.
At the ASEAN-New Zealand Commemorative Summit in Kuala Lumpur, Phillipine President Ferdinand Marcos Jr expressed optimism that this will open new opportunities for e-commerce, trade and MSMEs.
He highlighted New Zealand’s expertise in agritech, sustainable farming and value-chain integration.

He made the remarks during the ASEAN-New Zealand Commemorative Summit in Kuala Lumpur, one of the related summits of the 47th meeting of Association of Southeast Asian Nations.

“We hope this will expand market access, enhance regulatory certainty, and open new opportunities in e-commerce, sustainable trade, and MSME empowerment,” Marcos was quoted as saying by regional media outlets.

“I wish to reiterate the Philippines’ support for the ASEAN-New Zealand Comprehensive Strategic Partnership, as well as for the establishment of a biennial ASEAN–New Zealand Summit,” the President said.

New Zealand’s expertise in agritech, sustainable farming, and value-chain integration has enabled the regional bloc to “strengthen livelihoods, raise standards, and enhance food security across our communities,” he noted.

Fibre2Fashion News Desk (DS)