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New market opportunities
CPTPP gives New Zealand exporters preferential access for the first time to the world’s third-largest economy, Japan, as well as Mexico, Canada and Peru, allowing New Zealand exporters to be more competitive in those markets.
The agreement is in force for New Zealand and the following economies:
- Japan (from 30 December 2018)
- Mexico (from 30 December 2018)
- Canada (from 30 December 2018)
- Australia (from 30 December 2018)
- Singapore (from 30 December 2018)
- Viet Nam (from 14 January 2019)
The other CPTPP signatories will join 60 days after they have completed their domestic procedures and notified New Zealand, as Depositary, that they have ratified the Agreement:
What tariffs apply to my exports?
Overall, the Agreement has the potential to deliver an estimated NZ$222 million of tariff savings annually once fully in force, with around NZ$104 million of those in the first 12 months.
To find out what tariff rates, rules of origin and additional documentation is required for your specific export, use the online Tariff Finder tool(external link) or download full country-specific tariff schedules here (under the heading Annexes to the Chapters).
When do tariff cuts take effect?
New Zealand exporters received an immediate tariff cut into the first five CPTPP markets on 30 December 2018 and another tariff cut on 1 January 2019, except for Japan where the second tariff cut will take place on 1 April 2019. The next tariff cut will then happen annually.
When the Agreement enters into force for Viet Nam on 14 January 2019, New Zealand exporters will receive an immediate double tariff cut for exports into Viet Nam. Viet Nam’s next tariff cut will happen on 1 January 2020 in line with others, except Japan.
Chile, Peru, Brunei and Malaysia are also expected to catch up with the most liberal tariff phasings once they become Parties.
|30 Dec 18||Year 1 cuts by Japan, Mexico, Singapore, Canada and Australia|
|1 Jan 19||Year 2 cuts by Mexico, Singapore, Canada and Australia|
|14 Jan 19||Year 1 and 2 cuts by Viet Nam|
|1 Apr 19||Year 2 cuts by Japan|
|1 Jan 20||Year 3 cuts by Mexico, Singapore, Canada, Australia and Viet Nam|
|1 Apr 20||Year 3 cuts by Japan|
|1 Jan 21||Year 4 cuts by Mexico, Singapore, Canada, Australia and Viet Nam|
|1 Apr 21||Year 4 cuts by Japan|
How to claim CPTPP preference
Independently verified Certificates of Origin are not required to claim a CPTPP tariff preference. Instead, CPTPP Parties will accept a declaration (or certification of origin) from the producer, exporter or importer of a good. This declaration may be provided in electronic form.
There is no prescribed form for this declaration/certification, but a template to help you meet these requirements is available here [DOCX, 19 KB]. Any declaration must contain the following minimum data elements as set out in Annex 3-B [PDF, 172 KB] of the Agreement:
- The name and status (importer/producer/exporter) of the certifying person, including contact details
- Name and contact details of importer if known
- Name and contact details of exporter if known
- Name and contact details of producer, if different from the certifier or exporter
- The six-digit tariff classification(s) under the Harmonised System and a description of the good
- The rule of origin under which the good qualifies for preference
- Invoice number, if known, where the certification covers a single shipment
- In the case of a blanket declaration that will cover multiple importations of identical goods within 12 months, the period that the origin declaration covers.
- The certification must be signed and dated by the certifier and accompanied by the following statement: I certify that the goods described in this document qualify as originating and the information contained in this document is true and accurate. I assume responsibility for proving such representations and agree to maintain and present upon request or to make available during a verification visit, documentation necessary to support this certification.
Ensuring benefits are shared
The Government is committed to ensuring the benefits from the CPTPP contribute to New Zealand’s sustainable and inclusive economic development and:
- are felt in the regions
- support small and medium enterprises
- grow the Māori economy
- extend to women in the workforce and business.
Alongside the signing of the CPTPP, New Zealand, Canada and Chile issued a Joint declaration on Fostering Progressive and Inclusive Trade [PDF, 112 KB], which commits all three countries to ensuring the benefits of trade and investment are shared.
You can email us at firstname.lastname@example.org or ring MFAT’s exporter helpline 0800 824 605.