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


Growth in trade with Singapore stimulated by CEP

Growth in trade with Singapore stimulated by CEP

Trade with Singapore has increased, following the implementation of the Closer Economic Partnership Agreement between New Zealand and Singapore, Trade Negotiations Minister Jim Sutton and Acting Customs Minister Jim Anderton said today.

Both ministers emphasised that the rules of origin under the agreement were being rigorously enforced.

The Singapore CEP agreement came into effect on 1 January this year.

New Zealand Customs Service figures for January-March show an increase in trade of 19 per cent compared to the same three months last year.

Imports were up 11 per cent while exports were up 27 per cent.

These figures show the same trend as data released by the Singapore Government after the first two months of the agreement, although the figures cannot be directly compared because of different methods of data collection and analysis.

To qualify for duty-free entry to New Zealand under the CEP Agreement, the goods must meet the rules of origin set out in the agreement. Importers must advise New Zealand Customs when they claim duty-free status for their goods under the agreement, known as a tariff preference, and Customs has to be satisfied the claim is legitimate.

Jim Anderton said Customs was checking shipments of textiles, clothing and footwear from Singapore, to ensure the rules designed to protect New Zealand manufacturers from unfair competition were being followed.

Most of Singapore's exports to New Zealand already entered New Zealand duty-free.

Since January, less than one per cent of total imports from Singapore entered under the agreement's provision for tariff preference on goods of Singaporean origin. Tariff duty forgone in the past three months due to Singapore's preferential tariff has been minimal.

Mr Sutton said that despite unfounded fears in some quarters that the CEP would result in a sudden influx of textiles, clothing and footwear products into New Zealand from Singapore or third countries under the new zero tariff, this was not happening.

"There has in fact been a very low level of TCF imports under the tariff preference. This means TCF imports from Singapore are continuing to pay the normal tariff, because they do not meet the rules of origin provided for in the Agreement."

Jim Anderton said New Zealand manufacturers could have confidence that the Customs Service was playing its part in enforcing the rules while facilitating fair trade.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On NZ’s Complicity In Western Sahara

If David Parker really wants to hone his crisis-managing chops on an international trade dispute that New Zealand has been making worse for years, he maybe should be turning his attention to the Western Sahara.

Some background: two NZ companies called Ravensdown and Ballance Agri-Nutrients appear to be the only independent firms in the world still willing to import phosphate from the disputed territory of the Western Sahara... More>>


Gordon Campbell: On Malaysia Exposing Our Dodgy Policies On China

Last week, we all owed a vote of thanks to Malaysian PM Mahathir Mohamad for breaking with protocol during his bilateral with Jacinda Ardern. Reportedly, Mahathir used the photo opportunity phase of the meeting to launch into matters of genuine substance. More>>


Withdrawls After Police Uniform Ban: Auckland Pride Remains Committed

The Auckland Pride Board remains committed to creating a space for our rainbow communities to feel safe celebrating their gender and sexual identity, despite some institutions pulling out from the Parade in recent days. More>>


South Korea: State Visit By Korean President Moon Jae-In

The President of the Republic of Korea Moon Jae-in will visit New Zealand from 2 to 4 December... “I am very much looking forward to welcoming President Moon to New Zealand,” said Jacinda Ardern. More>>

Health: Changes To Drinking Water Standards

David Clark said many of the changes he is making, which will take effect on 1 March 2019, are clarifications or corrections, “but there are two changes which will significantly improve the ability to test and respond to the presence of harmful bacteria such as E.coli”. More>>


IPCA: Police Detention "Unlawful But Reasonable"

The Independent Police Conduct Authority has found that while Police acted unlawfully in October 2017 when they detained a Queenstown man for a mental health assessment, their actions were reasonable in the circumstances. More>>


Joint Statement: Chile President's NZ Visit

At the invitation of the Right Honourable Jacinda Ardern, Prime Minister of New Zealand, His Excellency the President of the Republic of Chile, Sebastián Piñera, undertook a State Visit to New Zealand on 19 November 2018... More>>


Climate Change: Top Academics Call On Government To Take Action

One hundred and fifty academics and researchers from around Aotearoa, including Dame Anne Salmond, Emeriti Professors and several Fellows of the Royal Society, have signed a strongly-worded open letter to the Government demanding bold and urgent action to tackle climate change. More>>





InfoPages News Channels