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Thailand - New Zealand Closer Economic Partnership Agreement

Area of Cooperation

Goods, Services, Government Procurement, Investment, Competition Policy, Intellectual Property, Dispute Settlement, Trade Facilitation, Labor and Environmental Standards

Sign Date

January 1, 2005

In Force Date

December 31, 1969

Summary

In force since 2005, the New Zealand-Thailand Closer Economic Partnership (CEP) will open up the Thailand market to New Zealand exporters.  All tariffs on New Zealand goods to Thailand will be eliminated by 2025 and New Zealand will eliminate all tariffs on Thai goods by 2015. The New Zealand government said in a press statement, "The CEP is seen by both sides to be not just of economic importance but also of strategic importance. It will make both countries more competitive in the global market place by encouraging Thais and New Zealanders to pool their expertise, ideas, technology and resources.”

http://www.mft.govt.nz/tradeagreements/thainzcep/pdfs/thainzcep-december2004.pdf

Rules of Origin

                                                               i.      Change in tariff classification

                                                             ii.      Value added minimum variable depending on the product

                                                            iii.      Specific process required

 
Contingency

                                                               i.        Anti - Dumping : Following WTO commitments

                                                             ii.        Countervailing Duties : Following WTO commitments

                                                            iii.        Safeguards : Specific requirements for bilateral safeguards

 
News/Studies

                                                               i.      “New Zealand-Thailand Closer Economic Partnership Agreement: National Interest Analysis”                http://www.mfat.govt.nz/downloads/trade-agreement/thailand/nzthaicep-nationalinterestanalysis.pdf

                                                             ii.      “Positive development in trade with Thailand     
 
http://www.beehive.govt.nz/ViewDocument.aspx?DocumentID=23835

                                                            iii.      “Thai-New Zealand FTA comes into effect”          
http://www.bilaterals.org/article.php3?id_article=2212

                                                           iv.      “Thai trade agreement comes into force”               
 
http://www.scoop.co.nz/stories/PA0506/S00713.htm

                                                             v.      “New Zealand-Thailand CEP deal likely to boost Thai exports”
http://www.thailabour.org/news/05042002.html

                                                           vi.      Thailand signs FTA with NZ”       
http://www.thailabour.org/news/05042001.html

 
Additional Links

                                                               i.      http://www.unescap.org/tid/aptiad/viewagreement.aspx?id=NEW%20ZEALAND%20-%20THAILAND