A preferential trade agreement, such as the Australia-New Zealand Trade Agreement for Closer Economic Relations (CER), provides preferential access to preferenceally manufactured products. Trade preferences extend the protected market which, in both countries, is available to domestic producers. Duty-free access available to Australian producers in New Zealand can extend New Zealand customs protection to Australian producers and vice versa. The 2013 ERC Investment Protocol is an ambitious investment agreement and maintains the ERC`s status as one of the most comprehensive free trade agreements in the world. The protocol reduces compliance costs and provides trans-Tasman investors with greater legal certainty by setting higher thresholds for foreign investment. The Australia New Zealand Closer Economic Agreement (ANZCERTA), which came into force in 1983, was the first bilateral agreement in Australia. ANZCERTA has created one of the most open and successful free trade agreements in the world. Calendar: The ERC replaced the 1965 Australian Free Trade Agreement (NAFTA) in New Zealand. Discussions began in the late 1970s and a new agreement was reached in December 1982. The ERC came into force in January 1983.
The Australia-New Zealand Closer Economic Relations Trade Agreement (CER) is a free trade agreement between the governments of New Zealand and Australia. On March 28, 1983, the treaty itself was signed only by the Australian Deputy Prime Minister and Trade Minister Lionel Bowen and the New Zealand High Commissioner for Australia, Laurie Francis, in Canberra, Australia. Australian and New Zealand trade ministers will hold regular ERC/SEM meetings as a forum to visit the ERC and lead the SEM agenda. NZ`s main exports to Australia (March 2017): precious metals, jewellery and coins (NZ 625 million), crude oil (NZ 587 million), mixed preparations (NZ 577 million). The ERC completes the Trans-Tasman Travel arrangement. The two main stumbling blocks in the negotiations were New Zealand`s desire to improve access to its dairy products in Australia, and Australia wanted New Zealand to remove export incentives and quantitative restrictions. After overcoming these two obstacles, the Heads of State and Government were signed on 14 December 1982 and came into force on 1 January of the following year. One of the main results of the ERC was the Protocol on Accelerating the Free Movement of Goods, which led to the total abolition of tariffs or quantitative restrictions between the two countries until 1 July 1990, five years earlier than planned.
. 2 Framework for Support Measurement Standard Framework Choice of the New Zealand Australia CER Investment Protocol: fact sheet [PDF, 478 KB] Since 1983, trade between New Zealand and Australia has increased steadily. Trade in Tasman trans goods was $14.5 billion. Our merchandise exports to Australia were $8.3 billion, or 17.1% of our total exports. Joint Statement – Meeting of Heads of State and Government on 17 February 2017 (external link) It is time to write the next chapter on the path to an economic single market. During my visit, I discussed with Prime Minister Key the remarkable progress made in the SmartGate project to create borderless travel between our two countries. This month, a joint study will be launched to explore how we can create a true “domestic” aviation experience. On this site, you will find a lot of information about activities in New Zealand.
Please check New Zealand`s profile under “Country Profiles.” 4 Results Standard estimates of aid to manufacturing Impact of REBs on customs assistance to industry Continuing on the path of economic integration, the next step for the Australian and New Zealand authorities is the creation of a customs union through a common external tariff and a common competition policy.