Regional Trade Agreements Nz

The New Zealand Free Trade Agreement (NZCFTA) came into force on 1 October 2008. NZ was the first OECD country to sign a comprehensive free trade agreement with China. Other trade agreements (including the Public Procurement Agreement, the Environmental Goods Agreement and the Information Technology Agreement) New Zealand is negotiating five free trade agreements, and another negotiation process is underway. In 2017, the EU and New Zealand concluded a partnership agreement containing a set of rules for economic and trade cooperation. The EU and New Zealand have also concluded a bilateral agreement on mutual recognition of certain technical certificates. This will remove technical barriers, including evaluation procedures. The Trans-Pacific Strategic Economic Partnership Agreement (P4) is an agreement between Brunei Darussalam, Chile, Singapore and NZ. The P4 agreement, which represents « Pacific 4, » came into force in 2006. Under P4, most tariffs on goods traded between Member States were immediately abolished, with the remaining tariffs expiring (until 2015 for Brunei Darussalam and 2017 for Chile). India was involved when the RCEP talks began in 2013, but withdrew last year, as India`s government feared that opening up its market would lead to a growing trade deficit with China. Indian milk producers were also concerned that large producers, such as New Zealand and Australia, would also have access to their domestic market. « It`s a reduced opportunity because India is the only one with which we don`t have a free trade agreement, and we`d like to have a free trade agreement with them, there`s a lot to do with a big country.

In 2017, the EU and New Zealand entered into a partnership agreement containing a number of rules for economic and trade cooperation. In addition, New Zealand has been a member of the WTO since 1995. New Zealand negotiates bilateral and multilateral free trade agreements with the following blocs and countries: On 1 September 2011, revised rules of origin for trans-Tasman trade came into force. For more information on the rules of origin for ANCERTA and general instructions for using the agreement, see fact sheet 20 (PDF 268 KB). More information can also be found on the MFAT website. David Parker is convinced that trade with the UK will be more open than in the past under a free trade agreement being negotiated. We are consulting with the Maori on free trade agreements. A guide to New Zealand`s free trade agreement with ASEAN and Australia and AANZFTA updates. How we negotiate free trade agreements and why they are important to New Zealand.

The goods can be shipped by a non-party party to the agreement and maintain preference. However, goods must not enter the trade or trade of a party or be subject to certain operations other than unloading, transshipment, deconditioning and other procedures necessary to keep the goods in good condition while they are being transported by that party.