The South Pacific Regional Trade and Economic Cooperation Agreement (SPARTECA) is a non-reciprocal trade agreement in which NZ (with Australia) provides preferential tariff treatment for certain products that are the production or production of Pacific Forum countries (known as the Forum Island Countries). For NZ products exported to an Island Country Forum, there is no preferential rate. Thailand is also a party to the AANZFTA agreement. Distributors should consider what is the most appropriate agreement for their imported/exported products. Revised rules of origin for trans-Tasman trade came into effect on September 1, 2011. For more information on the rules of origin for ANCERTA and general instructions for using the agreement, see fact sheet 20 (PDF 268 KB). More information can also be found on the MFAT website. In September 1999, New Zealand and Singapore announced that they would negotiate a trade agreement. New Zealand Prime Minister Helen Clark and Prime Minister Goh Chok Tong signed the Closer Economic Partnership Agreement between New Zealand and Singapore at a signing ceremony in Singapore on November 14, 2000. Singapore hosted the first ministerial review of the agreement in November 2001, while New Zealand hosted the second ministerial review of the agreement in July 2004.
The Trans-Pacific Strategic Economic Partnership Agreement (P4) is an agreement between Brunei Darussalam, Chile, Singapore and NZ. The P4 agreement, which represents ”Pacific 4,” came into force in 2006. Under P4, most tariffs on goods traded between Member States were immediately abolished, with the remaining tariffs expiring (until 2015 for Brunei Darussalam and 2017 for Chile). The modernized ANZSCEP contains some of the most flexible and trade-friendly rules of origin in Singapore`s free trade agreements and the shortest release times for goods and expedited shipments. NZ also has bilateral trade agreements with Malaysia, Australia and Thailand. Distributors should consider the agreement that is most beneficial to their imported/exported products. The Enhanced Economic Partnership Agreement between New Zealand and Hong Kong,China (NZ-HKC CEP) was signed on 29 March 2010 in Hong Kong and came into force on 1 January 2011. The agreement allows products exported from Hong Kong, China, to receive preferential tariff treatment upon importation into the NZ.
