English | 中文版 |  Русский

Breaking News:

Trade Agreements

editor picks 

Trade Agreements

View All

Australia - New Zealand Closer Economic Partnership

Area of Cooperation

Goods, Services (excluded: some telecom, air, airport, costal shipping, some types of insurances, postal services), Governement procurement, Trade Facilitation, Labor and Enviromental standards

Sign Date

January 1, 1983

In Force Date

December 31, 1969

Summary

The Australian New Zealand Closer Economic Relations Trade Agreement (ANZCERTA) aims to strengthen the partners’ relations, to eliminate trade barriers between the two countries, to develop closer economic relations, promote fair competition in trade within the two countries. ANZCERTA was entered into force in 1983 and began as an effort to integrate the two countries through free trade in goods and services. Once the initial goals were met, the governments from both countries have moved to a deeper integration of the two economies.

http://www.fta.gov.au/default.aspx?FolderID=285&ArticleID=231

Scope

                                                               i.      Bilateral

 
Rules of Origin

                                                               i.      Value added percentage, minimum 50%

                                                             ii.      No specific manufacturing process

 
Contingency

                                                               i.        Anti - Dumping : Not Allowed

                                                             ii.         Countervailing Duties : Not allowed unless under GATT conditions or CER Art 16

                                                            iii.         Safeguards: Last resort. Only in the transition period

 
News/Studies

                                                               i.      “Closer Economic Relations”             
http://www.dfat.gov.au/geo/new_zealand/anz_cer/cer.pdf

                                                             ii.      “New Trans-Tasman trade rules to benefit NZ businesses”   http://www.beehive.govt.nz/ViewDocument.aspx?DocumentID=28135

 
Additional Links

                                                            i.      http://mba.tuck.dartmouth.edu/cib/trade_agreements_db/archive/CER.pdf

                                                            ii.      http://www.fta.gov.au/default.aspx?FolderID=316&ArticleID=348

                                                           iii.      http://www.nzte.govt.nz/section/13681.aspx