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The objective of AANZFTA is deeper economic integration between the two regions
through (i) progressive liberalization and facilitation of trade in goods, trade in services,
investments, and (ii) trade and investment facilitation and economic cooperation measures.
3. What is the product coverage of the Trade in Goods (TIG) Chapter of the
AANZFTA?
Except for rice, sugar and selected articles of iron and steel, all products falling under
Harmonized System (HS) Chapters 1 to 97 are covered in the TIG Chapter.
4. What are the two programs of tariff reduction under the TIG Chapter of
AANZFTA?
a. Normal Track (NT) - products included in NT comprise 90% of total tariff lines.
The tariff reduction program was set to commence on January 1, 2008 and by
2015, all products under NT are expected to be duty-free
b. Sensitive Track (ST) - contains the remaining ten percent (10%) of total tariff
lines. It is subdivided into two (2) categories: Sensitive List and Highly Sensitive
List (HSL). Products falling under the SL category have end rates of 0%-5% by
2015, 2018 or 2020 while tariffs of products in the HSL shall be reduced by 20%,
from their base rates, by 2020.
Products which are wholly obtained or produced in the exporting party shall be
deemed originating and eligible for preferential tariff treatment.
The General Rule of Regional Value Content (RVC) 40 is applicable to all other
goods except where there is a Product Specific Rule (PSR). The PSR becomes either the
exclusive rule, or an alternative to, or a combination with the General Rule, depending on the
provisions of Annex 2 of the Agreement.
EO 851 issued on December 23, 2009 and which took effect on January 1, 2010
EO 191 issued on November 5, 2015 and which took effect on November 12,
2015