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Nz Free Trade Agreement With Singapore
By Zach Arnold | December 13, 2020
The Enhanced Economic Partnership Agreement between New Zealand and Hong Kong,China (NZ-HKC CEP) was signed on 29 March 2010 in Hong Kong and came into force on 1 January 2011. The agreement allows products exported from Hong Kong, China, to receive preferential tariff treatment upon importation into the NZ. Currently, all those who are imported into Hong Kong, China, are duty free, regardless of their origin. The agreement ensures that in the future, New Zealand goods imported into Hong Kong will remain duty-free in China. For merchandise exporters, the Tariffiner (external link) helps you make your decision. All tariffs to Singapore are now zero under all free trade agreements with Singapore. For exporters, it is important to look at the provisions of the free trade agreement on goods as a set of rules before they decide which agreement should be used. NZ also has bilateral trade agreements with Malaysia, Australia and Thailand. Distributors should consider the agreement that is most beneficial to their imported/exported products.
In September 1999, New Zealand and Singapore announced that they would negotiate a trade agreement. New Zealand Prime Minister Helen Clark and Prime Minister Goh Chok Tong signed the Closer Economic Partnership Agreement between New Zealand and Singapore at a signing ceremony in Singapore on November 14, 2000. Singapore hosted the first ministerial review of the agreement in November 2001, while New Zealand hosted the second ministerial review of the agreement in July 2004. This new chapter establishes mechanisms for resolving business-to-business disputes more effectively and more quickly. The chapter also promotes good regulatory practices through cooperation between government regulators, particularly in areas related to goods and services. Under these agreements, New Zealand exporters may choose to travel to Singapore under the agreement in which they are to trade. Thailand is also a party to the AANZFTA agreement. Distributors should consider what is the most appropriate agreement for their imported/exported products.
As soon as 70% of customs positions come into force will be duty-free for goods entering Taipei. Levies on the remaining lines will decrease over a 12-year period. Information on rules of origin for imports from Chinese Taipei and exports to Chinese Taipei is presented in fact sheet 48 (PDF 346 KB). 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. The ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) is a regional trade agreement, including the Association of Southeast Asian Nations (ASEAN), Australia and New Zealand. AANZFTA came into force in 2010 for Australia, New Zealand, Brunei, Myanmar, Malaysia, the Philippines, Singapore, Thailand and Vietnam and came into force in 2011 for Laos and Cambodia and in 2012 for Indonesia. Since the first CEP negotiation, we have negotiated a number of other free trade agreements, including Singapore.
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