Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


Cheers for new CER rules

Media statement Friday, February 3rd, 2006

Cheers for new CER rules

Manufacturers will give the Government three cheers for achieving more liberal Rules of Origin under the Closer Economic Relations agreement with Australia, says Bruce Goldsworthy for the Employers & Manufacturers Association (Northern).

“New Zealand manufacturers have backed a change such as this for years,” he said.

“It’s been Australia’s manufacturers holding back the change; they were slow to see the benefits there would be for them as well.

“Australia is by far our largest trading partner; New Zealand manufacturers export about $5 billion of products across the Tasman each year. Two way trade including services is worth about $18 billion.

“The old rule where products had to contain 50 per cent ex-factory value to qualify for duty free access has well and truly run its course.

“It was subject to the vagaries of exchange rate movements and in effect prevented productivity improvements.

“The new rules are process based requiring a change in the essential character of products and materials and is in line with international practice.”


© Scoop Media

Business Headlines | Sci-Tech Headlines


Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>


Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>


Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news