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


Ministers welcome a quarter century of CER

Hon Phil Goff
Minister of Trade
Hon Lianne Dalziel
Minister of Commerce

27 March 2008 Media Statement

Ministers welcome a quarter century of CER

Trade Minister Phil Goff and Commerce Minister Lianne Dalziel today acknowledged and welcomed the progress made in the 25 years since the Australia New Zealand Closer Economic Relations Trade Agreement (ANZCERTA) was signed on 28 March 1983.

"The initial trade agreement has been expanded into a comprehensive set of trade and economic arrangements, collectively known as ‘CER’, which is still considered one of the most open trade and economic relationships between any two countries,” Phil Goff said.

“CER is regarded by the World Trade Organisation as the most comprehensive, effective and mutually compatible bilateral free trade agreement worldwide, and has led to significant trade growth between the two countries.

"Australia is New Zealand's largest market and New Zealand is Australia's sixth largest export market for goods and services, and largest market for elaborately transformed manufactured goods. Two-way trade exceeds $23.5 billion. In addition, businesses in both countries hold nearly $100 billion of investment stock on the opposite side of the Tasman. Australia is New Zealand’s top source and top destination of foreign investment.

"CER underpins and builds on strong historical, cultural, geographical and political ties, along with values and interests that both countries share,” Phil Goff said.

"Both governments have communicated a shared vision to create a seamless trans-Tasman business environment, or Single Economic Market (SEM), to support our businesses in meeting the challenges of an increasingly competitive global environment.

“Work towards a SEM particularly under the Memorandum on Business Law Coordination will further strengthen the trans-Tasman relationship by reducing transaction costs and behind-the-border barriers to trade for businesses operating on both sides of the Tasman,” Phil Goff said.

Lianne Dalziel said that as a comprehensive, dynamic agreement, CER has adapted to changing requirements of business.

"The Australian and New Zealand economies are becoming increasingly integrated, not just through trade but also the high degree of regulatory co-ordination of the goods and services markets." Lianne Dalziel said.

"Since 1997, the Trans Tasman Mutual Recognition Agreement has played a central role in driving deeper levels of regulatory policy co-operation between the two countries, making it a valuable instrument of CER."

"On the 25th anniversary of CER, New Zealand looks forward to continuing to build on our strong relationship with Australia," Lianne Dalziel said.

Both ministers will attend a function and awards ceremony marking the economic partnership tonight in Auckland. The function, organised by the Trans-Tasman Business Circle, is to take place at Sky City.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Life And Times Of Peter Dunne

In the end, Mr Pragmatic calmly read the signs of impending defeat and went out on his own terms. You could use any number of clichés to describe Peter Dunne’s exit from Parliament.

The unkind might talk of sinking ships, others could be more reminded of a loaded revolver left on the desk by his Cabinet colleagues as they closed the door behind them, now that the polls in Ohariu had confirmed he was no longer of much use to National. More>>


Gordon Campbell: On Labour’s Campaign Launch

One of the key motifs of Ardern’s speech was her repeated use of the phrase – “Now, what?” Cleverly, that looks like being Labour’s response to National’s ‘steady as it goes’ warning against not putting the economic ‘gains’ at risk. More>>


Lyndon Hood: Social Welfare, Explained

Speaking as someone who has seen better times and nowadays mostly operates by being really annoying and humiliating to deal with, I have some fellow feeling with the current system, so I’ll take this chance to set a few things straight.. More>>


Deregistered: Independent Board Decision On Family First

The Board considers that Family First has a purpose to promote its own particular views about marriage and the traditional family that cannot be determined to be for the public benefit in a way previously accepted as charitable... More>>


Transport Policies: Nats' New $10.5bn Roads Of National Significance

National is committing to the next generation of Roads of National Significance, National Party Transport Spokesperson Simon Bridges says. More>>


Gordon Campbell: On Why Labour Isn’t Responsible For Barnaby Joyce

As a desperate Turnbull government tries to treat the Barnaby Joyce affair as a Pauline Hanson fever dream – blame it on the foreigners! We’re the victims of the dastardly New Zealand Labour Party! – our own government has chosen to further that narrative, and make itself an accomplice. More>>


Rail: Greens Back Tauranga – Hamilton – Auckland Service

The Green Party today announced that it will trial a passenger rail service between Auckland, Hamilton and Tauranga starting in 2019, when it is in government. More>>


Housing: Voluntary Rental Warrant Of Fitness For Wellington

Wellington City Council is partnering with the University of Otago, Wellington, to launch a voluntary Rental Warrant of Fitness for minimum housing standards in Wellington, Mayor Justin Lester has announced. More>>





Featured InfoPages

Opening the Election