New Zealand U.s. Trade Agreement

The ASEAN-Australia-New Zealand Free Trade Agreement (AANZFTA) is a regional trade agreement, including the Association of Southeast Asian Nations (ASEAN), Australia and New Zealand. AANZFTA came into force in 2010 for Australia, New Zealand, Brunei, Myanmar, Malaysia, the Philippines, Singapore, Thailand and Vietnam and came into force in 2011 for Laos and Cambodia and in 2012 for Indonesia. New Zealand negotiates bilateral and multilateral free trade agreements with the following blocs and countries: Here is a list of free trade agreements that include New Zealand. In parentheses, the abbreviation, if any, membership, unless indicated in advance, and the date of entry 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. 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.

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. « At the sixth ASEAN summit last year, Vice President [Mike] Pence sent Trump an offer to conclude bilateral trade agreements with every indopapacific nation our partner wants to be and will respect the principles of fair and reciprocal trade, » Peters said. « We are here to say that New Zealand, in our meteoric record and attitude towards free and fair trade, is quite willing to accept the President`s offer. » For more information on rules of origin and agreement, visit Fact Sheet 8 (PDF 701 KB). Economic relations cover a wide range of trade activities, including trade in goods and services, and foreign direct investment in all important sectors, from heavy industry to agriculture. New areas of our knowledge economy are being included in the relationship as New Zealand companies and institutions strive to commercialize their intellectual property in the United States in the areas of ICT, biotechnology and clean technology.

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