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Trans-Pacific Strategic Economic Partnership Agreement

Area of Cooperation

Goods, Services (excluding Core Air transport services and financial services) Government procurement, Competition Policy, Intellectual Property, Dispute Settlement, Trade Facilitation, Labor Mobility, Labor and Environmental Standards, Capacity Building

Sign Date

January 1, 2005

In Force Date

December 31, 1969

Summary

The Trans-Pacific Strategic Economic Partnership Agreement was concluded in 2005.  The Agreement has previously been know as the Pacific Tree FTA; however, upon the entry of Brunei, it changed to its current title.  It spans three continents, the first FTA to do so, and it seeks to connect the economies of the involved countries.  Most of the tariffs were eliminated upon entry into force as well as immediate market access.

http://www.mfat.govt.nz/Trade-and-Economic-Relations/0--Trade-archive/0--Trade-agreements/Trans-Pacific/0-sep-index.php

Scope

                                                               i.      Cross - Continental Plurilateral

 
Rules of Origin

                                                               i.      Tariff sub-heading change

                                                             ii.      45 %

                                                            iii.      No specific process necessary

 
Contingency

                                                               i.         Anti - Dumping : Following WTO

                                                             ii.         Countervailing Duties : Following WTO

                                                            iii.         Safeguards : Following WTO

 
News/Studies

                                                               i.      “Parliament Clears Way For Four-Way Trade Deal”     http://www.newswire.co.nz/main/viewstory.aspx?storyid=308622&catid=32

                                                             ii.      “Tariff Act Clears way for four-nation trade deal” 
http://www.beehive.govt.nz/ViewDocument.aspx?DocumentID=25261

                                                            iii.      Brunei signs Trans-Pacific Strategic Closer Economic Partnership agreement”         http://www.beehive.govt.nz/ViewDocument.aspx?DocumentID=23877

                                                           iv.      “Trans-Pacific free trade agreement signed in NZ”   
 
http://english.people.com.cn/200507/19/eng20050719_196923.html

                                                             v.      “Second free trade agreement to be signed this year”     
 
http://www.scoop.co.nz/stories/PA0507/S00361.htm

                                                           vi.      “FTA Signed: NZ, Chile, Singapore and Brunei to end tariffs” http://www.nbr.co.nz/home/column_article.asp?id=12438&cid=4&cname=Business%20Today

                                                          vii.      “Trans-Pacific Strategic Economic Partnership signed and National Interest Analysis released”             http://www.beehive.govt.nz/ViewDocument.aspx?DocumentID=23707

                                                        viii.      “Improved opportunities for New Zealand with trans-Pacific trade agreement”       http://www.beehive.govt.nz/ViewDocument.aspx?DocumentID=23277

 
Additional Links

                                                               i.      http://www.sice.oas.org/trade/TransPacific_Draft_e/mainAgreemt_e.pdf

                                                             ii.      http://www.customs.govt.nz/about/News/transpacificsep011205.htm

                                                            iii.      http://www.iesingapore.gov.sg/wps/portal/!ut/p/kcxml/04_Sj9SPykssy0xPLMnMz0vM0Y_QjzKLN4g3Cw0ASYGY5oFm-pFoYo4YImah3phiIWEIMV-P_NxU_SB9b_0A_YLc0NDQiHJHANlXFFM!/delta/base64xml/L3dJdyEvd0ZNQUFzQUMvNElVRS82XzBfNlVW