Trade Agreements
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”
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 |