Free Trade Agreements
Free Trade Agreements (FTAs) assist NZ traders (exporters and importers) by providing improved access to partner markets, and reducing trade barriers (such as Customs procedures) in those markets.
As well as other things, an FTA establishes:
- preferential tariff rates for goods imported into the countries party to that Agreement
- rules by which goods can qualify for those preferential tariffs (rules of origin)
- customs procedures for claiming preferential tariff rates (rules of origin procedures)
- general principles for customs procedures among the countries party to an Agreement.
Additional information is available on the Ministry of Foreign Affairs and Trade (MFAT) website.
New Zealand-Singapore Closer Economic partnership (ANZSCEP)
The Agreement between New Zealand and Singapore on a Closer Economic Partnership (ANZSCEP), which first entered into force on 1 January 2001, has been revised by the Protocol to Amend the Agreement between New Zealand and Singapore on a Closer Economic Partnership.
South Pacific Regional Trade and Economic Co-operation Agreement (SPARTECA)
The South Pacific Regional Trade and Economic Co-operation Agreement (SPARTECA) is a non-reciprocal trade agreement in which NZ (together with Australia) offers preferential tariff treatment for specified products that are the produce or manufacture of the Pacific Islands Forum countries (known as the ‘Forum Island Countries’).