{
    "success": true,
    "data": {
        "id": 1184953,
        "msgid": "asean-australia-nz-agree-trade-cooperation-1447893297",
        "date": "1995-09-11 00:00:00",
        "title": "ASEAN, Australia, NZ agree trade cooperation",
        "author": null,
        "source": "REUTERS",
        "tags": null,
        "topic": null,
        "summary": "ASEAN, Australia, NZ agree trade cooperation BANDAR SERI BEGAWAN, Brunei (Reuter): ASEAN economic ministers said on Saturday the seven-member grouping will cooperate on trade issues with Australia and New Zealand but stopped short of discussing trade liberalization measures between their two free trade areas, officials said.",
        "content": "<p>ASEAN, Australia, NZ agree trade cooperation<\/p>\n<p>BANDAR SERI BEGAWAN, Brunei (Reuter): ASEAN economic ministers<br>\nsaid on Saturday the seven-member grouping will cooperate on<br>\ntrade issues with Australia and New Zealand but stopped short of<br>\ndiscussing trade liberalization measures between their two free<br>\ntrade areas, officials said.<\/p>\n<p>Australia and New Zealand are joined under the Closer Economic<br>\nRelation (CER) free trade agreement while the seven-member ASEAN<br>\nis separately linked under the ASEAN Free Trade Areas (AFTA).<\/p>\n<p>ASEAN ministers on Friday concluded a two-day meeting at which<br>\nthey agreed to expand the number of items to be included under<br>\nthe AFTA agreement and to speed the start-up date for a fully<br>\nrealized AFTA to the year 2000 from 2003.<\/p>\n<p>A joint statement released after Saturday's CER-ASEAN meeting<br>\nsaid the ministers had \"agreed to establish region to region<br>\nlinkages between the free trade areas, reflecting the open<br>\nregionalism\" concept of AFTA and the CER.<\/p>\n<p>It said initial activities for cooperation between the two<br>\ngroupings were in areas such as information exchange, human<br>\nresource development, customs matters and trade and investment<br>\nfacilitation.<\/p>\n<p>Two-way trade between the regions approached US$12.5 billion<br>\nin 1994 and both Australia and New Zealand are keen to build<br>\ncloser economic and trade ties with the dynamic ASEAN region.<\/p>\n<p>ASEAN group Brunei, Malaysia, Singapore, Thailand, Indonesia,<br>\nthe Philippines and Vietnam.<\/p>\n<p>Australia's Trade Minister Bob McMullan told a news conference<br>\nthe regional trading links stopped short of trade liberalization<br>\nmeasures.<\/p>\n<p>\"Liberalization in terms of tariffs is far away, is not in the<br>\nagenda,\" McMullan said. \"Liberalization in the sense of making it<br>\neasier to trade and invest is possible.\"<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/asean-australia-nz-agree-trade-cooperation-1447893297",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}