Parliament

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

 

NZ/Thailand Closer Economic Partnership Agreement

1 December 2004
Media Statement

NZ/Thailand Closer Economic Partnership Agreement – joint statement

Prime Ministers Thaksin Shinawatra of Thailand and Helen Clark of New Zealand today announced the successful conclusion of negotiations on a Closer Economic Partnership (CEP) Agreement between their two countries.

The two Prime Ministers, meeting in the margins of the ASEAN Summit in Vientiane, recalled their commitment at the APEC Leaders’ Meeting in Bangkok a year earlier to undertake a joint study and then to negotiate a CEP.

The joint study highlighted the benefits to both countries from closer economic integration and cooperation under a bilateral CEP.

The leaders welcomed the rapid progress achieved towards bringing the Closer Economic Partnership to fruition. They have instructed officials to finalise the legal text and schedules as soon as possible, with a view to implementation of the Agreement on 1 July 2005.

The bilateral CEP is seen by both sides to be not just of economic importance but also strategically significant. The two Prime Ministers envisage the CEP serving as a building block for the regional ASEAN/Australia/New Zealand FTA initiative. It will make both countries more competitive in the global market place by encouraging Thais and New Zealanders to pool their expertise, ideas, technology and resources. The CEP also advances shared objectives in APEC and the WTO.

Prime Ministers Thaksin and Clark noted they were pleased with the outcome of the negotiations covering the following areas:
- The agreement provides for comprehensive coverage of trade in goods. All tariffs will be eliminated either on implementation or under phasing arrangements. On implementation, 71% of bilateral trade will be duty free and by 2010 this proportion is estimated to rise to 84%.
- Trade-facilitating provisions aimed at reducing transaction costs are included on quarantine measures, standards and conformance and customs procedures.
- Negotiations on an agreement to liberalise trade in services and which is consistent with both countries’ GATS commitments will commence within three years of the CEP entering into force.
- A solid framework is established for encouraging the flow of investment between the two countries.
- The two countries will cooperate on intellectual property rights matters and competition policy.
- On government procurement, the two countries will work progressively to eliminate barriers and envisage further substantive negotiations to expand the application of this Chapter.
- Both sides will ensure transparent administration of laws and regulations.

Prime Minister Thaksin welcomed New Zealand’s willingness in principle to contribute New Zealand expertise to the implementation of his Government’s adjustment strategy for the Thai dairy industry.

The two Prime Ministers also announced the conclusion of parallel negotiations on:
- bilateral arrangements on labour and environment, which lay out shared understandings and establish mechanisms for ongoing cooperation and dialogue on these issues;
- a cooperation arrangement between Customs agencies.

The leaders also announced agreement on a Working Holiday Scheme. This will provide for 100 young people from each country, aged between 18 and 30, to travel and work temporarily each year in the other country for twelve months.

"We see the freer flow of young people as a catalyst for furthering the bilateral partnership," the leaders said.

The Prime Ministers concluded that the Closer Economic Partnership Agreement, along with the other bilateral arrangements negotiated in parallel with the CEP, represent a major step forward in the bilateral relationship between Thailand and New Zealand.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Decision Day: Peters Chooses Labour

Winston Peters says he will form a Government in coalition with Labour and the Greens giving confidence and supply.

Peters said he had been offered the position of Deputy Prime Minister and a number of other ministerial posts would go to his colleagues

He said economic and monetary policy changes were needed to face a coming economic downturn.>>>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

 

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