In addition to the CEP, New Zealand has concluded environmental and labour agreements with Hong Kong that promote sound labour and environmental policies and practices. For most goods, goods originating in New Zealand under this Agreement need not be accompanied by a certificate of origin issued by a certification body. The South Pacific Regional Trade and Economic Cooperation Agreement (SPARTECA) is a non-reciprocal trade agreement in which New Zealand (with Australia) offers preferential tariff treatment for certain products manufactured or manufactured by Pacific Islands Forum countries (known as “Forum Island Countries”). There is no preferential duty rate for New Zealand goods exported to a Forum Island country. For bilateral trade alone, Hong Kong is New Zealand`s 9th largest export destination, valued at around NZ$820 million per year. A JEP with Hong Kong will help strengthen bilateral trade and economic relations between New Zealand and Hong Kong. This, in turn, will contribute to New Zealand`s economic development goals. New Zealand`s exports to Hong Kong have increased significantly in recent years. In the year ending June 2009, exports of goods to Hong Kong increased by 33.6%. Given that Hong Kong is an economy that already offers duty-free access to all imports, the CEP agreement does not offer New Zealand the usual benefits of tariff reduction. However, by restricting duty-free access to the Hong Kong market and providing mechanisms to remove other barriers to trade, it ensures greater security of access to the Hong Kong market.
The CEP agreement with Hong Kong provides New Zealand service exporters with safer and more secure access to the Hong Kong market in sectors of high interest to New Zealand, including private education, business services, environmental services and logistics. For further questions regarding free trade agreements, send an email export2fta@customs.govt.nz – we will endeavor to respond to emails within 48 hours. The ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) is a regional trade agreement that includes the Association of Southeast Asian Nations (ASEAN), Australia and New Zealand. AANZFTA entered into force in 2010 for Australia, New Zealand, Brunei, Myanmar, Malaysia, the Philippines, Singapore, Thailand and Vietnam and entered into force for Laos and Cambodia in 2011 and for Indonesia in 2012. Singapore is also a party to the ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA), the Trans-Pacific Strategic Economic Partnership (P4e) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). The rules of origin provisions of the new ANZSCEP Protocol adopt most of the trade facilitation rules applicable to these agreements and include them in the new list of PSRs under the Protocol. The Free Trade Agreement between Zeeland and Malaysia (MNZFTA) was signed in Kuala Lumpur on 26 October 2009 and entered into force on 1 August 2010. Malaysia is also a party to the ASEAN-Australia-New Zealand Free Trade Area Agreement (AANZFTA). Traders should determine which agreement offers the greatest benefit to their imported/exported products. The Generalized System of Preferences (GSP) is an international system of preferential tariffs designed to promote economic growth in developing countries. Under the Generalized System of Preferences, New Zealand grants special treatment to certain products recognized as least developed countries (LDCs) or least developed countries (LDCs). The Free Church-China Free Trade Agreement (NZCFTA) entered into force on October 1, 2008.
New Zealand was the first OECD country to sign a comprehensive free trade agreement with China. The Closer Economic Partnership Agreement between Mainland China and Hong Kong (CEPA) is an economic agreement signed on 29 June 2003 between the Government of the Hong Kong Special Administrative Region and the Central People`s Government of the People`s Republic of China. [1] A similar agreement, known as the Closer Economic Partnership Agreement between the mainland and Macao, was signed on 18 October 2003 between the Government of the Macao Special Administrative Region and the Central People`s Government. CePA is a free trade agreement under which qualified products, businesses and Hong Kong residents enjoy preferential access to the mainland Chinese market. Many of the preferences go beyond the concessions made by China when it joined the World Trade Organization. Information on the rules of origin and the use of this agreement is available in FactSheet 30 – Closer Economic Partnership Agreement with Thailand (PDF 262 KB). More information about the Thai CEP can also be found on the MFAT website. HK-NZ CEPA is supported by legally binding sub-agreements on labour and the environment, which are in line with New Zealand`s broader Sustainable Development Goals. with an additional legally binding ancillary agreement to the Investment Protocol within two years of its entry into force. The Closer Economic Partnership Agreement between Hong Kong and New Zealand is a bilateral free trade agreement signed in March 2010 between the Hong Kong Special Administrative Region and New Zealand. This is the first bilateral free trade agreement on goods and services that the Hong Kong SAR has signed with a foreign country.
[1] The CePA between Hong Kong and New Zealand complements the Free Trade Agreement (FTA) concluded between New Zealand and China two years ago and increases the potential for using Hong Kong as a platform for trade with mainland China. Hong Kong is a special administrative region of China, but has autonomy in trade matters. The two agreements and the additional additions were signed in Chinese; the Chinese text is therefore authoritative. The Hong Kong government usually offers an English translation as English is one of the official languages of Hong Kong. [1] The 1. In September 2011, revised rules of origin for transtasman trade entered into force. Information on ANZCERTA`s rules of origin and general guidelines on the use of the agreement can be found in Fact Sheet 20 (PDF 268 KB). More information is also available on the MFAT website. According to New Zealand`s Minister of Trade, Tim Groser, the Minister of Trade recognizes that the continued exports, openness and liberal trading environment of the two founding WTO Members benefit their respective economic growth; and HK-NZ CEPA “is a model on how economies can remove barriers both at and within their borders in order to boost trade.” The Trans-Pacific Strategic Economic Partnership (P4) agreement is an agreement between Brunei Darussalam, Chile, Singapore and New Zealand.
The P4 agreement, which stands for “Pacific 4”, entered into force in 2006. Under P4, most tariffs on goods traded between member countries were lifted immediately, with the remaining duties expiring (until 2015 for Brunei Darussalam and 2017 for Chile). The Closer Economic Partnership Agreement between New Zealand, Hong Kong and China (CEP NZ-HKC) was signed in Hong Kong on 29 March 2010 and entered into force on 1 January 2011. The agreement allows originating products exported from Hong Kong, China, to benefit from preferential tariff treatment when imported into New Zealand. Currently, all goods imported into Hong Kong, China, regardless of their origin, are duty-free. The agreement ensures that New Zealand goods imported into Hong Kong, China, will remain duty-free in the future. In 2003, the Chinese central government signed the Closer Economic Partnership Agreement (CEPA) with the government of the Hong Kong Special Administrative Region. the Government of the Macao Special Administrative Region. Amendments I, II, III, IV, V and VI were signed in 2004, 2005, 2006, 2007, 2008 and 2009 respectively.
CEPA is a successful application of the “one country, two systems” principle, a new path of institutional cooperation between the mainland and Hong Kong and Macao, and an important milestone in economic and trade exchanges and cooperation between the mainland and Hong Kong and Macao. It is a free trade agreement signed by the central government with the separate customs territories of Hong Kong and Macau, and also the first free trade agreement to be fully implemented in mainland China. .