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China; New Zealand: Free Trade Agreement

(May 2, 2008) On April 7, 2008, New Zealand and China signed a free trade agreement (FTA). The FTA covers:

• staggered removal of tariffs on 96% of New Zealand exports;

• rules to determine products that qualify for tariff cuts, to counter unfair trade or unexpected surges in imported products;

• provisions to facilitate the travel of business people to China and skilled workers from China;

• enhanced protections for investments established in China, including access to binding third-party arbitration procedures;

• provisions on sanitary and phytosanitary procedures; technical barriers to trade, and intellectual property;

• a Mutual Recognition Agreement on Electrical and Electronic Equipment ;

• robust dispute settlement mechanisms; and

• an Environment Cooperation Agreement and a binding Memorandum of Understanding on Labour Cooperation.

(New Zealand Government, NEW ZEALAND – CHINA FREE TRADE AGREEMENT Web site, (last visited Apr. 15, 2008).)