Trade AgreementsView All
New Zealand - Singapore Closer Economic Partnership
Area of Cooperation
Goods, Services, Government Procurement, Investment, Competition Policy, Intellectual Property, Dispute Settlement, Trade Facilitation
January 1, 2000
In Force Date
December 31, 1969
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.
|Rules of Origin|
i. No change in tariff heading necessary
ii. Value added percentage: minimum 40%
iii. No specific manufacturing process necessary
i. Anti - Dumping : WTO rules, with more strict requirements
ii. Countervailing Duties: Not allowed.
iii. Safeguards : Not Allowed
Free Trade Agreement with