Related resources

• Joint Ministerial Statement on Singapore/NZ CEP - 13 July 2004

Text of Agreement

• Preamble
• Part 1: Objectives and General Definitions
• Part 2: Competition
• Part 3: Trade in Goods
• Part 4: Customs Procedures
• Part 5: Services
• Part 6: Investment
• Part 7: Technical, Sanitary and Phytosanitary
• Part 8: Government Procurement
• Part 9: Intellectual Property
• Part 10: Dispute Settlement
• Part 11: General Provisions
• Annex 1: Rules of Origin: Explanatory Notes
• Annex 2.1: Services Commitments NZ
• Annex 2.2: Services Commitments Singapore (PDF 343KB)
• Annex 3: Investment Limitations
• Annex 4: Technical, Sanitary and Phytosanitary Regulations and Standards

Publication

• A Basic Guide to Free Trade Agreements (PDF 751KB)
  

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Agreement between New Zealand and Singapore on a Closer Economic Partnership

Part 2: Competition

Article 3 Competition

1. The Parties recognise the strategic importance of creating and maintaining open and competitive markets which maximise total welfare. The Parties shall endeavour to implement the APEC Principles to Enhance Competition and Regulatory Reform with a view to protecting the competitive process rather than competitors and ensuring that the design of regulation recognises options that minimise distortions to competition.
   
2. Each Party shall endeavour to ensure that under this Agreement impediments to trade and investment shall be reduced or removed through:
   
   1. application of fair competition principles to economic activities, including private and public business activities;
   2. application of competition and regulatory principles in a manner that does not discriminate between or among economic entities in like circumstances;
   3. reduction of transaction and compliance costs for business; and
   4. promotion of effective regulatory coordination across borders.
      
3. The Parties agree that they shall effectively protect the competitive process across their economies as follows:
   
   1. they shall endeavour to consult and cooperate in the development of any new competition measures, whether these are specific or of general application;
   2. where there are regulatory authorities responsible for competition, they shall be adequately resourced to carry out their functions, including effective non-discriminatory enforcement;
   3. where there are regulatory authorities responsible for competition, they shall endeavour to exchange information and explore the scope for further cooperation between them, with particular emphasis on transactions or conduct in one that has competition effects in the other’s market, or in both Parties’ markets.
      

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