Parliament

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

 

Changes to CER Rules of Origin a boost to trans-Tasman trade

Changes to CER Rules of Origin a boost to trans-Tasman trade

Changes to the Rules of Origin under the Australia New Zealand Closer Economic Relations Trade Agreement (CER), will reduce costs for exporters Customs Minister Maurice Williamson and Trade Minister Tim Groser say.

The Rules of Origin determine which products are "New Zealand" or "Australian" goods and are able to be exported between the countries free of duty.

The changes were agreed to by the New Zealand and Australian Trade Ministers in June 2010 and take effect today.

Now material from third countries is permitted in textiles and clothing, headgear, glass jewellery, copper, tools, machinery and appliances, vehicles, boats, furniture and toys.

"The new Rules of Origin enhances the competitiveness of our manufacturers and reduces compliance costs," Mr Williamson says.

Mr Groser says the agreement shows the CER continues to deliver benefits for New Zealand.

"CER is widely recognised as one of the world's benchmark free trade agreements. These changes will bring CER up to date with the realities of the global supply chain. Today, some 60% of global merchandise trade is made up of inputs from a wide range of countries which make up highly competitive components, rather than finished products in every case. If New Zealand wants to prosper it must compete in this global supply chain."

Since it was signed in 1983, total trade between New Zealand and Australia has grown at an average of almost 7.5% per year.

The Rules of Origin can be viewed at http://www.mfat.govt.nz

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Geo-political Posturing Over China’s Cyber Hacks, Plus The Weekly Playlist

The timing was one of the weirder aspects of this week’s cyber condemnation of China by the West. Why was this piece of political theatre being staged now? China (and Russia’s) sponsoring and/or condoning of semi-state and criminal hacker groups has been known about for nigh on a decade. More particularly, Microsoft had been alerted to the flaws in its Microsoft Exchange... More>>




 
 


Government: Quarantine Free Travel With Australia Suspended

Quarantine Free Travel from all Australian states and territories to New Zealand is being suspended as the Covid situation there worsens, Prime Minister Jacinda Ardern and COVID-19 Response Minister Chris Hipkins announced today... More>>

ALSO:


Government: New Zealand Condemns Malicious Cyber Activity By Chinese State-sponsored Actors

New Zealand has established links between Chinese state-sponsored actors known as Advanced Persistent Threat 40 (APT40) and malicious cyber activity in New Zealand. “The GCSB has worked through a robust technical attribution process in relation to this activity. New Zealand is today joining other countries in strongly condemning this malicious activity... More>>

ALSO:

Government: Commits $600,000 To Flood Recovery

The Government is contributing $600,000 to help residents affected by the weekend’s violent weather with recovery efforts. Acting Minister for Emergency Management Kris Faafoi and Agriculture Minister Damien O’Connor have been in the Buller district this afternoon to assess flood damage and support the local response effort... More>>

ALSO:



NZUS Council: Welcomes Nomination Of Senator Tom Udall As US Ambassador To NZ

The NZUS Council welcomes the nomination of Senator Tom Udall to the role of US Ambassador to New Zealand and Samoa, NZUS Council executive director Jordan Small said... More>>

BusinessNZ: Visa Extensions Welcomed
BusinessNZ has welcomed the extension of some critical skill visa durations and changes to immigration systems to speed processing. Chief Executive Kirk Hope says move acknowledges advocacy by the hospitality sector, the BusinessNZ Network and others, and comes not a moment too soon.... More>>



Social Development: Government Initiatives Contribute To Fall In Benefit Numbers

Minister for Social Development Carmel Sepuloni has welcomed the release of the June quarter Benefit Statistics which show a continuing fall in the number of people receiving a Main Benefit... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels