Australia`s Free Trade Agreement With New Zealand

Posted on Sep 11 2021 - 8:55pm by Ed

Australia is our largest trading partner for services. 21% of our services exports go to Australia ($NZ 3.8 billion) and services imports from Australia account for 29.4% (NZ$ 5.1 billion) of all our services imports. The New Zealand-China Free Trade Agreement (NZCFTA) entered into force on 1 October 2008. New Zealand was the first OECD country to sign a comprehensive free trade agreement with China. It is now time to write the next chapter on the road to an economic internal market. During my visit, I was delighted to discuss with Prime Minister Key the excellent progress made under the SmartGate project to create unlimited travel between our two countries. A joint study will begin this month to investigate how we create a truly "home" aviation experience. AANZFTA has established a mechanism for exporters to apply for and obtain a certificate of origin in accordance with the operational certification procedures, which establishes that goods exported to another AANZFTA contracting party are eligible for preferential tariff treatment. AANZFTA is Australia`s first transnational free trade agreement. This is the first time that Australia and New Zealand have participated together in the negotiations for a free trade agreement with third countries. This is the first time that ASEAN has begun negotiations on free trade agreements covering all sectors simultaneously, including goods, services, investment and intellectual property. It is therefore the most comprehensive trade agreement ever negotiated by ASEAN.

For more information on the rules of origin and the agreement, please see Fact Sheet 8 (PDF 701 KB). The 1988 CER Protocol on Trade in Services (link leaving this page) achieved free trade in almost all services and allowed New Zealand and Australian service providers full access to each other`s markets. The protocol contains certain exclusions (areas where access is not unlimited) that have been subject to regular review and have been significantly reduced over time. While Annex 2 of the AANZFTA Creation Agreement contains the official psr data, this PSR searcher is an effective tool for users to easily find the rule for each good marketed under AANZFTA using the 2017 Harmonized System. The New Zealand-Hong Kong, China Closer Economic Partnership Agreement (NZ-HKC CEP) was signed in Hong Kong on 29 March 2010 and entered into force on 1 January 2011. The agreement allows goods exported from Hong Kong, China, to benefit from preferential tariff treatment on imports into New Zealand. At present, all goods imported into Hong Kong, China, regardless of their origin, are exempt from customs duties. The agreement ensures that in the future, New Zealand goods imported into Hong Kong, China, will remain duty-free.

Discover the comparative results of our other free trade agreements with ASEAN members. Thailand is also a party to the AANZFTA agreement. Distributors should consider the most appropriate agreement for their imported/exported products. Distributors and exporters can benefit from preferential tariff treatment under AANZFTA. To be eligible, products must comply with the AANZFTA rules of origin. For more information on the rules of origin and the application of this Agreement, please see Fact Sheet 30 - Thailand Closer Economic Partnership Agreement (PDF 262 KB). For more information on the Thai CEP, visit the AMFT website. The South Pacific Regional Trade and Economic Co-operation Agreement (SPARTECA) is a non-reciprocal trade agreement in which New Zealand (with Australia) offers preferential tariff treatment for certain products that are the production or manufacture of the Pacific Islands Forum countries (known as the Forum Island Countries). . . .