Thailand New Zealand Free Trade Agreement

Thailand is also a party to the AANZFTA agreement. Distributors should consider what is the most appropriate agreement for their imported/exported products. 2. The parties share the objective of multilateral abolition of all forms of agricultural export subsidies and are working towards a WTO agreement to eliminate these subsidies and prevent, in one way or another, the introduction of new export subsidies for agricultural products. 2. Each party ensures the transparency of its non-tariff measures in paragraph 1 and ensures that these measures are not prepared, adopted or applied to create or create unnecessary barriers to trade between the parties. On the basis of its rights, obligations and obligations under the World Trade Organization and other relevant agreements and arrangements; New Zealand`s economy is a market economy heavily dependent on international trade, particularly with Australia, the United States of America, China and Japan. It is highly dependent on tourism and agricultural exports and has only small manufacturing and high-tech components. Market economic reforms in recent decades have removed many barriers to foreign investment, and the World Bank has made New Zealand the most business-friendly country in the world [1]. Regional and bilateral free trade agreements have become an important part of New Zealand`s international trade policy. New Zealand has used free trade agreements, also known as closer economic partnerships, to liberalize trade between economies. A closer economic partnership agreement with Thailand was negotiated in 2004 and implemented in 2005.

Negotiations for a free trade agreement with Chile, Brunei and Singapore, known as the Trans-Pacific Strategic Economic Partnership, were concluded in 2005. Negotiations on other agreements with Malaysia began in 2006, but could not be concluded. The historic free trade agreement with China was signed in Beijing in April 2008. [2] Recognizing the importance of good corporate governance and the need for a predictable, transparent and consistent business environment that allows companies to freely carry out their transactions, use resources efficiently, and make investment and planning decisions with certainty; and the importer can choose by the exporter or manufacturer the form of proof of origin it is looking for, provided it contains all the necessary data elements. A guide is available to merchants if they wish. 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. 4. Each contracting party may take or maintain the necessary measures to manage a tariff quota defined in its tariff, including the allocation of access to that option.