Free Trade Agreement China Nz

The agreement also provides additional transparency in the treatment of forest products as part of forward-looking commitments under the existing free trade agreement. The free trade agreement between New Zealand and China lasted more than three years. On 19 November 2004, Helen Clark and the President of the People`s Republic of China, Hu Jintao, announced negotiations for a free trade agreement at the APEC Heads of State and Government Meeting in Santiago, Chile. The first round of negotiations took place in December 2004. Fifteen rounds took place before the signing of the free trade agreement in April 2008 by New Zealand Trade Minister Phil Goff and Chinese Trade Minister Chen Deming in the Great Hall of the People`s Hall in Beijing. [2] [6] “That`s why we`ve started upgrade negotiations: to make sure our agreement is modern and our relationship to be deepened, and to ensure that New Zealand exporters have such a good, if not better, than their competitors,” Parker said. NZ also has bilateral trade agreements with Malaysia, Australia and Thailand. Distributors should consider the agreement that is most beneficial to their imported/exported products. Under the agreement, 37 per cent of China`s exports to New Zealand and 35 per cent of New Zealand`s exports to China will be duty-free by October 2008. All tariffs on Chinese exports to New Zealand will be eliminated by 2016 and 96% of New Zealand`s exports to China will be duty-free by 2019. [2] Reciprocal investment and trade in services will also be facilitated. [3] Thailand is also a party to the AANZFTA agreement.

Distributors should consider what is the most appropriate agreement for their imported/exported products. 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. 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). “This will ensure that our improved free trade agreement remains the best china has with each country,” said Jacinda Ardern. While the free trade agreement has the support of New Zealand`s two main political parties, Labour and National, the Greens and the Maori party rejected the agreement even before it was signed. [11] [12] Green Party members protested against the signing of the agreement, Keith Locke said that easier access to cheap Chinese labour could undermine New Zealand workers. [13] After the signing, New Zealand First announced that it was opposed to the agreement. [14] Public opinion is divided; A week before the signing, the survey showed that 45% supported the agreement, compared to 32% who opposed it. [15] In early November 2019, New Zealand and China agreed to strengthen their free trade agreement.