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New Zealand - Singapore Closer Economic Partnership

Area of Cooperation

Goods, Services, Government Procurement, Investment, Competition Policy, Intellectual Property, Dispute Settlement, Trade Facilitation

Sign Date

January 1, 2000

In Force Date

December 31, 1969

Summary

One of the most comprehensive trade agreements entered into by New Zealand, The New Zealand – Singapore Closer Economic Partnership address goods, services, investment and barriers.   Through the agreement, New Zealand has set up its first technology center in Singapore encouraging international business.  Economic cooperation and the overall market access has improved significant with the agreement.  Under the agreement, both countries will: eliminate tariffs (allowing numerous Singapore exports to gain preferential market access), liberalize service sectors, commit to a set of rules and framework, establish a Mutual Recognition agreement and establish a government procurement market.

http://www.fta.gov.sg/fta/pdf/anzscep.pdf

Scope

                                                               i.      Bilateral

 
Rules of Origin

                                                               i.      No change in tariff heading necessary

                                                             ii.      Value added percentage: minimum 40%

                                                            iii.      No specific manufacturing process necessary

 
Contingency

                                                               i.        Anti - Dumping : WTO rules, with more strict requirements

                                                             ii.         Countervailing Duties: Not allowed.

                                                            iii.         Safeguards : Not Allowed

 
News/Studies

                                                               i.      “A Free Trade Agreement with Singapore? The Case for Caution”  http://www.greens.org.nz/docs/bills/0007singapore_sub.htm

                                                             ii.      “Analysis: Singapore-New Zealand: Human reality hidden in new free trade deal”               http://www.bilaterals.org/article.php3?id_article=24

 
Additional Links

                                                               i.      http://mba.tuck.dartmouth.edu/cib/trade_agreements_db/archive/NewZealand-Singapore.pdf

                                                             ii.      http://www.iesingapore.gov.sg/wps/portal/!ut/p/kcxml/04_Sj9SPykssy0xPLMnMz0vM0Y_QjzKLN4g3Cw0GSYGY5oFm-pFoYo4YImah3phiIWEIMV-P_NxU_SB9b_0A_YLc0NDQiHJHAKO0wuk!/delta/base64xml/L3dJdyEvd0ZNQUFzQUMvNElVRS82XzBfNlVU