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The New Zealand-Hong Kong, China Closer Economic Partnership Agreement (the “CEP”) was signed in Hong Kong on 29 March 2010 and entered into force on 1 January 2011. (Hong Kong is a Special Administrative Region of China but has autonomy in matters of trade)
Hong Kong is New Zealand’s 9th largest export destination, and New Zealand’s trade with Hong Kong is currently worth $823 million per annum.
This deal will help New Zealand businesses boost trade with Hong Kong and take further advantage of growing opportunities in the region. The CEP also complements New Zealand’s Free Trade Agreement (FTA) with China and enhances the potential for Hong Kong to be used as a platform for trade into Mainland China.
It contains measures to improve business flows and promote cooperation in a broad range of economic areas of mutual interest, and is supported by legally-binding side agreements on Labour and Environment that are in line with New Zealand’s broader objectives for sustainable development. A legally-binding side agreement was also secured to negotiate an Investment Protocol within two years of entry into force.
The New Zealand-Hong Kong, China CEP was signed by New Zealand’s Minister of Trade Tim Groser and his counterpart Minister Rita Lau.
The agreement consists of:
Other Instruments:
This Tariff Locator will help you locate both the tariff at the date the FTA comes into force and the rates for each year while the tariffs are phased out.
For further information or queries regarding the New Zealand-Hong Kong, China Closer Economic Partnership, please contact: asia@mfat.govt.nz
