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(May 02, 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, http://chinafta.govt.nz/index.php (last visited Apr. 15, 2008).)
- Author: Lisa White More by this author
- Topic: Commerce and industry More on this topic
- Jurisdiction: China / New Zealand More about this jurisdiction
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Last updated: 05/02/2008