New Zealand Hong Kong Free Trade Agreement

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. 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. Thailand is also a party to the AANZFTA agreement. Distributors should consider what is the most appropriate agreement for their imported/exported products. For most products, it is not necessary for products originating in NZ under this agreement to be accompanied by a certificate of origin issued by a certification body. Hong Kong is currently duty-free, so there are no tariffs on exports to the territory. Our exports to Thailand have almost doubled since the agreement came into force. 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.

The CEP agreement provides a new incentive to attract and invest New Zealand companies in Hong Kong and provides valuable expertise and experience. Hong Kong Chief Executive Donald Tsang said a resource-rich New Zealand could use Hong Kong as an intermediary or springboard for New Zealand`s businesses, services and technologies to mainland China. [6] The agreement has a greater benefit to Hong Kong companies, which exported $203 million worth of goods to New Zealand in 2009, of which 47 per cent claimed tariffs. [7] Hong Kong`s annual customs economy is estimated at HK 7 million based on average merchandise trade figures between 2006 and 2008. The Trans-Pacific Strategic Economic Partnership Agreement (P4) is an agreement between Brunei Darussalam, Chile, Singapore and NZ. The P4 agreement, which represents “Pacific 4,” came into force in 2006. Under P4, most tariffs on goods traded between Member States were immediately abolished, with the remaining tariffs expiring (until 2015 for Brunei Darussalam and 2017 for Chile). HK-NZ CEPA is supported by legally binding ancillary agreements on labour and the environment, in line with New Zealand`s broader sustainable development goals; with an additional legally binding agreement on the Investment Protocol within two years of the effective date. The CEP agreement facilitates trade in goods and services between Hong Kong and New Zealand and opens up new business opportunities. It also strengthens trade and investment links between the two economies. Hong Kong and New Zealand signed the Closer Economic Partnership Agreement between Hong Kong and China and New Zealand (CEP) on 29 March 2010.

The agreement is Hong Kong`s first free trade agreement with a foreign economy and the second free trade agreement after the closer economic partnership agreement with mainland China. The CEP agreement does not only mean Hong Kong`s desire and willingness to pursue quality free trade agreements with our trading partners.