We have updated the existing free trade agreement. Learn more about upgrading. In this chapter, the two countries committed to introducing electronic authentication and digital certificates to promote paperless trade and agreed to protect the personal data of e-commerce users through an appropriate legal framework. 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. Under the original free trade agreement, New Zealand goods exported to China require a certificate of origin to qualify for preferential tariffs. However, the certificate is not required for New Zealand imports from China. Further information on the rules of origin and the agreement can be found in FactSheet 8 (PDF 701 KB). As a world first for a developed country, New Zealand concluded a free trade agreement with China in 2008, giving it a unique competitive advantage.
The free trade agreement is a success for both countries. It has opened up important trade and economic opportunities and has been a catalyst for closer cooperation in a number of areas. On 1 September 2011, revised rules of origin for trans-Tasman 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. China Briefing is written and produced by Dezan Shira & Associates. The practice supports foreign investors in China and has done so since 1992 through offices in Beijing, Tianjin, Dalian, Qingdao, Shanghai, Hangzhou, Ningbo, Suzhou, Guangzhou, Dongguan, Zhongshan, Shenzhen and Hong Kong. Please contact the company for assistance in China to china@dezshira.com. For further questions regarding free trade agreements, send an email export2fta@customs.govt.nz – we will endeavor to respond to emails within 48 hours. Under the agreement, 37% of China`s exports to New Zealand and 35% of New Zealand`s exports to China will be duty-free by October 2008. All tariffs on Chinese exports to New Zealand will be abolished by 2016 and 96% of New Zealand exports to China will be duty-free by 2019. [2] Mutual investment and trade in services will also be facilitated.
[3] Thailand is also a party to the AANZFTA agreement. Distributors should determine which agreement is best for their imported/exported products. 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. Free Trade Agreements (FTAs) support New Zealand traders (exporters and importers) by improving access to partner markets and removing barriers to trade (such as customs procedures) in these markets. New Zealand also has bilateral trade agreements with Malaysia, Australia and Thailand. Traders should determine which agreement offers the greatest benefit to their imported/exported products. We also maintain offices to support foreign investors in Vietnam, Indonesia, Singapore, the Philippines, Malaysia, Thailand, the United States and Italy, in addition to our practices in India and Russia and our business research facilities along the Belt & Road Initiative. Upon entry into force, 70% of tariff lines will be duty-free for goods entering Chinese Taipei. The tax on the remaining lines will decrease over a period of 12 years.
Information on rules of origin for imports from Chinese Taipei and exports to Chinese Taipei can be found in Fact Sheet 48 (PDF 346 KB). In recent months, Beijing has signed an investment pact with the European Union and joined the world`s largest free trade bloc in the 15-nation Regional Comprehensive Economic Partnership (RCEP), which includes New Zealand. 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. New Zealand Trade Minister Damien O`Connor sums it up in a nutshell: « This means modernising and updating the free trade agreement we signed in 2008. It offers real opportunities for exporters. Ten years ago, some trade issues were not so sophisticated, this agreement allows us to move forward, especially in the area of services. 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. Bilateral trade between China and New Zealand quadrupled from about NZ$8 billion ($5.76 billion) in 2008, when the free trade agreement was first signed, to more than NZ$32 billion ($23 billion) in 2020, making China New Zealand`s largest trading partner.
At the end of 2019, China was New Zealand`s largest commodity market, the largest source of international students, the second largest source of tourists, and a significant foreign investor. New Zealand merchandise exports to China have quadrupled since the signing and entry into force of the free trade agreement in 2008. China is now New Zealand`s largest trading partner, with two-way trade worth more than NZ$28 billion in 2018. China is also New Zealand`s second largest and fastest-growing tourism market, the largest source of international students and an important source of foreign investment. 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. China is now New Zealand`s largest trading partner, with annual bilateral trade of more than NZ$32 billion ($21.58 billion). « China remains one of our most important trading partners. The fact that this is happening during the global economic crisis caused by COVID-19 makes it particularly important, » she said at a press conference.
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 upgrade demonstrates the firm determination of both sides to support multilateralism and free trade, » Zhao Lijian, a spokesman for the Chinese Foreign Ministry, said at a press conference in Beijing on Tuesday. .