Free Trade Agreement Nz With China

“New Zealand was the first developed country to sign a free trade agreement with China in 2008, but China`s free trade agreements have evolved since then,” Parker said. Singapore is also a party to the ASEAN-Australia Free Trade Agreement (AANZFTA), the Trans-Pacific Strategic Economic Partnership (P4) and the Trans-Pacific Trans-Pacific Partnership (PPTPP). The rules of origin of the new ANZSCEP protocol contain the largest number of provisions facilitating trade in these agreements and incorporate them into the new CSR timetable as part of the protocol. Information on the rules of origin and the use of this agreement can be found in The Thailand Closer Economic Partnership Agreement (PDF 262 KB). More information about Thailand CEP can also be found on the MFAT website. In the dairy sector, existing conditions have been maintained, with all protective tariffs to be abolished within just over two years for most products and four years for powdered milk. The result is the result of nearly three years of negotiations. Next steps include a legal review of the draft text, which is expected to be signed and published in early 2020. China is New Zealand`s largest trading partner, with two-way trade recently exceeding $32 billion. On 7 April 2008, Chinese Prime Minister Wen Jiabao and New Zealand Prime Minister Helen Clark attended the signing in Beijing of the China-New Zealand Free Trade Agreement, which came into force on 1 October 2008. The agreement, which covers areas such as trade in goods, trade in services and investment, is the first comprehensive free trade agreement ever signed by China, as well as The first free trade agreement signed by China with a developed country. The South Pacific Regional Trade and Economic Cooperation Agreement (SPARTECA) is a non-reciprocal trade agreement in which NZ (with Australia) provides preferential tariff treatment for certain products that are the production or production of Pacific Forum countries (known as the Forum Island Countries).

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