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 Labour Refusing To Lead A Progressive Drugs Policy

Once again, Labour has chosen not to use (a) its parliamentary majority and (b) the huge mandate it was given at the last election in order to (c) bring about progressive social change. Once again, Labour seems to regard its main purpose for being in power as being to keep National and Act out of power. Will Labour for instance, overhaul our out-dated, unsafe, and unjust laws on drugs? No, it will not... More>>

 

Climate Change: Emissions Report Shows Urgent Action Needed

Every part of Government will need to take urgent action to bring down emissions, the Minister for Climate Change, James Shaw said today in response to the recent rise in New Zealand’s greenhouse emissions. The latest annual inventory of New ... More>>

ALSO:

Government: The Duke Of Edinburgh

9 April 2021 Prime Minister Jacinda Ardern today expressed New Zealand’s sorrow at the death of His Royal Highness The Prince Philip, Duke of Edinburgh. “Our thoughts are with Her Majesty The Queen at this profoundly sad time. On behalf of the New ... More>>

ALSO:

Government: Delivers Next Phase Of Climate Action

The Government is delivering on a key election commitment to tackle climate change, by banning new low and medium temperature coal-fired boilers and partnering with the private sector to help it transition away from fossil fuels. This is the first ... More>>

Police: Police Accept Findings Of IPCA Report Into Photographs Taken At Checkpoint

Police accept the findings of a report by the Independent Police Conduct Authority (IPCA) relating to photographs taken at a checkpoint in Northland. On November 16, 2019, Police set up a checkpoint down the road from a fight night event in Ruakaka ... More>>

ALSO:

Health: Drug-Testing Law To Be Made Permanent

Interim legislation that is already proving to keep people safer from drugs will be made permanent, Health Minister Andrew Little says. More>>

World Travel: New Zealand Temporarily Suspending Travel From India - PM Jacinda Ardern

Travel into New Zealand from India - including for New Zealand citizens and residents - is being temporarily suspended because of high numbers of Covid-19 cases. More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels