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New Zealand-Thailand Closer Economic Partnership Agreement
Preamble
New Zealand and the Kingdom of Thailand, hereinafter referred to as the “Parties”,
Inspired by the traditional links of friendship and cooperation between them and their shared regional interests and ties;
Recognising that the strengthening of their economic partnership will bring economic and social benefits and improve the living standards of their people;
Recognising further the importance of securing trade liberalisation and an outward looking approach to trade and investment in order to expand economic relations between them;
Conscious that open, transparent and competitive markets are the key drivers of economic efficiency, innovation, wealth creation and consumer welfare;
Affirming the rights of their governments to regulate in order to meet national policy objectives;
Aware that closer social and political relationships and economic partnerships can play an important role in promoting sustainable development;
Building on their rights, obligations and undertakings under the World Trade Organisation, and other relevant agreements and arrangements;
Mindful of their commitment to the Asia-Pacific Economic Cooperation (APEC) goals of free and open trade and investment;
Recognising the significance of good corporate governance and the need for a predictable, transparent and consistent business environment to enable businesses to conduct transactions freely, and use resources efficiently and take investment and planning decisions with certainty; and
Desiring to strengthen the cooperative framework for the conduct of economic relations to ensure it is dynamic and encourages broader and deeper economic cooperation.
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