Free Trade Agreements Nz

By | April 9, 2021

Trade agreements and closer economic partnerships are an important part of New Zealand`s international trade policy. We are using closer trade agreements and economic partnerships to liberalize trade. New Zealand`s economy is a market economy heavily dependent on international trade, particularly with Australia, the United States of America, China and Japan. It is highly dependent on tourism and agricultural exports and has only small manufacturing and high-tech components. Market economic reforms in recent decades have removed many barriers to foreign investment, and the World Bank has made New Zealand the most business-friendly country in the world [1]. Regional and bilateral free trade agreements have become an important part of New Zealand`s international trade policy. New Zealand has used free trade agreements, also known as closer economic partnerships, to liberalize trade between economies. A closer economic partnership agreement with Thailand was negotiated in 2004 and implemented in 2005. Negotiations for a free trade agreement with Chile, Brunei and Singapore, known as the Trans-Pacific Strategic Economic Partnership, were concluded in 2005. Negotiations on other agreements with Malaysia began in 2006, but could not be concluded. The historic free trade agreement with China was signed in Beijing in April 2008.

[2] Participation in free trade negotiations is a critical aspect of the process for the government, which helps us achieve the best outcome for New Zealanders. Free trade agreements can once again underline the importance of maintaining and implementing competition law, transparency and due process with respect to competition policy cooperation and consultation/notification provisions, particularly where anti-competitive behaviour may have affected trade and investment between countries. For example, New Zealand often attempts to introduce rules to restrict and discipline certain categories of subsidies that are of particular importance, including those that harm our export markets or harm the environment, such as fossil fuel subsidies or unsustainable fishing practices. Austrade has detailed information on activities in New Zealand and in ASEAN countries: Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Vietnam. A free trade agreement between two countries or a group of countries can be used to define the rules on how countries deal with each other when it comes to doing business together. For other questions about free trade agreements, E-Mail-export2fta@customs.govt.nz – we will endeavour to respond to emails within 48 hours. New Zealand negotiates bilateral and multilateral free trade agreements with the following blocs and countries: A fundamental principle for New Zealand is that any outcome in terms of services and investment must protect our government`s right to regulate for legitimate public policy purposes. Free trade agreements can facilitate visa access for New Zealand businessmen and our trading partners, which supports the development of our trade and economic relationships. Free trade agreements (FTAs) support NZ distributors (exporters and importers) by improving access to partner markets and removing trade barriers (for example. (B) customs procedures) in these markets.

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