Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Singapore CEP Agreement Into Force January 1

Singapore Closer Economic Partnership Agreement To Come Into Force January 1


The way is now clear for the Singapore-New Zealand Closer Economic Partnership trade agreement, signed in Singapore on November 14, to come into force on January 1.

New Zealand Trade Negotiations Minister Jim Sutton and Singapore High Commissioner Tan Keng Jin today exchanged diplomatic notes confirming that each country had completed all necessary domestic legal and constitutional procedures. This means that both countries can now bring the agreement into force.

Mr Sutton said it was a historic occasion for New Zealand.

"I am delighted to have ratified this Agreement. It represents a good deal for New Zealand, and a good deal for Singapore. I am sure it will result in a deepening of the already close trading relationship that exists between our two countries."

Mr Tan said Singapore was delighted to have been able to complete the agreement with New Zealand.

"This is our first bilateral agreement and I'm confident it will bring significant benefits to both our economies."

The two said the agreement reflected the commitment of both Singapore and New Zealand to maintaining the momentum of trade liberalisation in the Asia Pacific region.

The trade agreement is a comprehensive one covering goods, services investment and government procurement. On entry into force on 1 January 2001, it will eliminate tariffs on all goods traded between the two countries. The agreement also provides exporters from both countries with improved access opportunities to each others services markets, and will reduce compliance costs to New Zealand and Singaporean exporters through jointly agreed disciplines on standards.

Full details on the agreement are available on www.mfat.govt.nz and www.mti.gov.sg.

For more information, contact: CATHIE BELL on 04 4719855 or 025 998467

Office of Hon Jim Sutton


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election