NotebookLM Summary Australia's Customs Amendment Bill 2024 modifies the Customs Act to fulfill obligations under the Second Protocol amending the ASEAN-Australia-New Zealand Free Trade Area (AANZFTA) agreement. Key changes include updating rules of origin, introducing record-keeping and verification requirements, and establishing an approved exporter scheme for streamlined documentation. The bill also updates definitions and provisions related to the Harmonized System for AANZFTA, the Regional Comprehensive Economic Partnership (RCEP), PACER Plus, and the Malaysia-Australia Free Trade Agreement (MAFTA). An impact analysis assesses the benefits of the updated AANZFTA, emphasizing increased trade and investment opportunities for Australian businesses. A statement of compatibility with human rights is included, addressing concerns about privacy related to the approved exporter scheme. Hosted on Acast. See acast.com/privacy for more information.

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