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Australia New Zealand Free Trade Agreement

AANZFTA is a free trade agreement between the Association of Southeast Asian Nations (ASEAN), Australia and New Zealand. For other questions about free trade agreements, – we will endeavour to respond to emails within 48 hours. AANZFTA has also allowed us to open our markets and expand our trade in six countries where we do not have bilateral free trade agreements, including Indonesia, the Philippines and Vietnam, but also Myanmar, Brunei and Laos. 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. We are negotiating a revaluation of our existing free trade agreement with ASEAN to modernize it, further reduce export barriers and boost trade in the region. 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.

The Australia-New Zealand Closer Economic Relations Trade Agreement (CER) is a free trade agreement between the governments of New Zealand and Australia. On March 28, 1983, the treaty itself was signed only by the Australian Deputy Prime Minister and Trade Minister Lionel Bowen and the New Zealand High Commissioner for Australia, Laurie Francis, in Canberra, Australia. Thailand is also a party to the AANZFTA agreement. Distributors should consider what is the most appropriate agreement for their imported/exported products. The New Zealand-Malaysia Free Trade Agreement (MNZFTA) was signed on 26 October 2009 in Kuala Lumpur and came into force on 1 August 2010. Malaysia is also a party to the ASEAN-Australia Free Trade Agreement (AANZFTA). Distributors should consider the agreement that is most beneficial to their imported/exported products. AANZFTA has brought significant benefits to New Zealand exporters in a number of sectors. By 2020, tariffs on 99% of New Zealand`s reductions to Indonesia, Malaysia, the Philippines and Vietnam will be eliminated. These include the abolition of tariffs on New Zealand exports of milk, beef, forests, apples and kiwis. Based on the commercial level of AANZFTA`s signature, this equates to an annual customs saving of approximately $50 million. 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). ANZCERTA has been recognized by the World Trade Organization (WTO) as a model free trade agreement covering a wide range of trade issues, mainly all trans-Tasman trade in goods, including agricultural products, and services.

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