127:
NZ exports to HK have increased significantly in recent years. In the year to June 2009, goods exports to Hong Kong were up 33.6 percent. As HK is an economy which already grants duty-free access to all imports, the CEP Agreement does not offer NZ the usual gains of reduced tariffs. However, by locking in duty-free access to the Hong Kong market, and providing mechanisms through which to address other constraints on trade, it ensures greater security of access to the Hong Kong market. The CEP Agreement with Hong Kong offers more secure and certain access to the HK market for NZ services exporters in sectors of key interest for New
Zealand, including private education, business services, environmental services and logistics.
824:
1017:
107:, a resource rich New Zealand could use Hong Kong as the middle man or springboard for New Zealand firms, services and technologies, into the mainland China. The deal benefits more tangibly for Hong Kong firms, who exported goods worth NZ$ 203 million to New Zealand in 2009, 47 per cent of which incurred tariffs. Hong Kong's annual tariff saving is estimated to be HK$ 7 million on the basis of average merchandise trade figures from 2006 to 2008.
1379:
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CEP Agreement allows New
Zealand a further step towards deeper integration into Asia-Pacific region, as more than 70 percent of NZ's trade and investment occurs in the Asia-Pacific region. More secure and open access to the Hong Kong market for wine, organics and other foods, will help New Zealand to
61:
The HK-NZ CEPA contains measures to improve business flows and promote cooperation in a broad range of economic areas of mutual interest, as bilateral tariff levels in merchandise trade are already low. The
Agreement also includes significant commitments relating to services, government procurement,
126:
For bilateral trade alone, Hong Kong is New
Zealand's 9th largest export destination and worth around NZ$ 820 million per year. A CEP with Hong Kong helps the bilateral trade and economic relationship between NZ and HK to expand. This will in turn contribute to NZ's economic development objectives.
110:
Hong Kong service providers enjoy secured preferential opportunities in all New
Zealand service markets, including the six industries with clear advantages that Hong Kong has; educational services, medical services, testing and certification services, environmental services, innovation and
69:. All tariffs for Hong Kong exports to New Zealand will be eliminated by 2016, and vice versa for New Zealand exports to Hong Kong SAR. Hong Kong and New Zealand will also work on strengthening bilateral trade and economic ties by facilitating investment and movement of business persons.
149:
has split the vote at the third reading of the Tariff (New
Zealand-Hong Kong Closer Economic Partnership Agreement) Amendment Bill. An opinion by New Zealand Council of Trade Unions, worried that further foreign direct investment from Hong Kong, could benefit offshore accounts in the
78:
HK-NZ CEPA is supported by legally-binding side agreements on Labour and
Environment that are in line with New Zealand's broader objectives for sustainable development; with additional legally-binding side agreement on Investment Protocol within two years of entry into force.
1424:
53:, announced the successful conclusion of the HK-NZ CEP negotiations at the APEC Leaders meeting in Singapore in November 2009. It entered into force on 1 January 2011, after received royal assent on 31 August 2010 in New Zealand.
32:
in March 2010. It is the first bilateral free trade agreement on goods and services that Hong Kong SAR has signed with a foreign country. Hong Kong-New
Zealand CEPA complements New Zealand's Free Trade Agreement (FTA) with
434:"Submission of the New Zealand Council of Trade Unions Te Kauae Kaimahi to the Ministry of Foreign Affairs and Trade on a possible Investment Protocol to the Hong Kong - New Zealand Closer Economic Partnership Agreement"
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37:
two years before, and enhances the potential for Hong Kong to be used as a platform for trade into the
Mainland China. Hong Kong is a Special Administrative Region of China but has autonomy in matters of trade.
385:
1367:
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65:
Under the CEP agreement, New
Zealand goods currently entering Hong Kong SAR at a zero tariff will be bound at that level, and remaining tariffs will be progressively reduced to mirror those in the
507:
103:
CEP Agreement is a new incentive to attract New Zealand enterprises to come and invest in Hong Kong, bringing with them valuable expertise and experience. According to Hong Kong Chief Executive
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Hong Kong consumers will get increasing supplies of produces, beverages, and health supplements from New Zealand in excellent quality yet in competitive prices.
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customs co-operation, technical barriers to trade, sanitary and phyto-sanitary measures as well as intellectual property, competition and electronic commerce.
651:
95:
help respective economic growth; and HK-NZ CEPA "is a model of how economies can address barriers both at and inside their borders in order to grow trade."
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The CEP provides NZ with an "early harvest" of most of the additional liberalisation which Hong Kong has offered as part of the WTO Doha round.
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By 2012, 85.6 per cent of current imports must be tariff-free, including whiteware, steel, plastics, furniture and jewellery.
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841:
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773:
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386:"Russel Norman: Tariff (New Zealand-Hong Kong, China Closer Economic Partnership Agreement) Amendment Bill, Second Reading"
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capitalise upon new trade and investment opportunities in North Asia and China, for which HK is an important trading hub.
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recognises the continuous exports, open and liberal trading environments of both founding members of
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1016:
248:(Press release). Hong Kong Economic and Trade Office, Sydney. January 2013. Archived from
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While the HK-NZ CEPA enjoys the support of New Zealand's two largest political parties,
146:
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Updates to the Product Specific Rules for NZ-HK Closer Economic Partnership Agreement
183:
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technology, cultural and creative industries.<ref="CEP-signed"></ref>
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By 2016, all tariffs, including those on clothing and footwear, will be removed.
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439:. The New Zealand Council of Trade Unions. September 2011. Archived from
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274:(Press release). Lanka Business Online. 3 January 2011. Archived from
1463:
Comprehensive and Progressive Agreement for Trans-Pacific Partnership
468:
Hong Kong, China - New Zealand Closer Economic Partnership Agreement
212:
Hong Kong and New Zealand sign Closer Economic Partnership Agreement
18:
Hong Kong – New Zealand Closer Economic Partnership Agreement
833:
557:
34:
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953:
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45:, after negotiations that spanned eight years. Prime Minister
41:
The Hong Kong-New Zealand CEPA was signed on 29 March 2010 in
474:
New Zealand-Hong Kong, China Closer Economic Partnership
1457:
Trans-Pacific Strategic Economic Partnership Agreement
344:(Press release). The New Zealand Herald. 30 March 2010
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Agreement on Climate Change, Trade and Sustainability
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476:, New Zealand Ministry of Foreign Affairs and Trade
412:"Maori Party explains split vote on tariff bill"
272:"New Zealand launches Hong Kong trade agreement"
1554:Gulf Cooperation Council (CCASG / GCC)
320:"Hong Kong the key for Kiwi companies in China"
1569:Indo-Pacific Economic Framework for Prosperity
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470:, Hong Kong SAR Trade and Industry Department
49:of New Zealand and Hong Kong Chief Executive
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914:Hongkongers by ethnicity and national origin
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1469:ASEAN–Australia–New Zealand Free Trade Area
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342:"6 years' leeway in Hong Kong trade deal"
298:"6 years' leeway in Hong Kong trade deal"
154:, instead of further job creation in NZ.
899:Commerce and Economic Development Bureau
621:Commerce and Economic Development Bureau
601:Association of South East Asian Nations
300:. The New Zealand Herald. 30 March 2010
246:"Hong Kong-New Zealand Trade Relations"
204:
26:Hong Kong Special Administrative Region
67:New Zealand–China Free Trade Agreement
7:
1594:Free trade agreements of New Zealand
1384:Free trade agreements of New Zealand
873:Hong Kong Economic and Trade Offices
366:. New Zealand Trade & Enterprise
322:(Press release). TVNZ. 12 April 2012
929:Hong Kong Trade Development Council
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852:Hong Kong–Mainland China conflict
169:New Zealand free trade agreements
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87:According to NZ Trade Minister
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164:Foreign relations of Hong Kong
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24:agreement signed between the
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1599:Treaties concluded in 2008
548:People's Republic of China
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894:One country, two systems
145:voted against while the
1333:Diplomatic relations of
939:Transfer of sovereignty
224:"Bills Digest No. 1793"
1299:Multilateral relations
1604:Treaties of Hong Kong
1321:Free trade agreements
924:Hong Kong nationalism
909:Free trade agreements
527:free trade agreements
364:"Export to Hong Kong"
226:. NZ Parliament. 2010
1548:United Arab Emirates
626:Economy of Hong Kong
174:Economy of Hong Kong
934:Hong Kong returnees
919:Hong Kong diasporas
446:on 10 February 2013
252:on 18 February 2014
392:on 1 February 2014
278:on 2 February 2014
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448:. Retrieved
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152:Cook Islands
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105:Donald Tsang
102:
86:
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51:Donald Tsang
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1535:Negotiating
1513:legislation
1219:Netherlands
1153:South Korea
1143:Philippines
1128:North Korea
794:Switzerland
769:Philippines
754:North Korea
553:New Zealand
147:Māori Party
118:New Zealand
30:New Zealand
1588:Categories
1481:PACER Plus
1088:Bangladesh
1083:Azerbaijan
682:By country
450:24 January
418:24 January
396:23 January
370:23 January
348:23 January
326:23 January
304:23 January
282:23 January
256:23 January
230:23 January
200:References
89:Tim Groser
57:Agreements
22:free trade
1542:Bilateral
1471:(AANZFTA)
1425:Singapore
1415:Hong Kong
1405:Australia
1398:Bilateral
1270:Australia
1148:Singapore
1138:Palestine
1108:Indonesia
1032:Argentina
889:Basic Law
779:Singapore
749:Nicaragua
719:Indonesia
689:Australia
541:Bilateral
524:Hong Kong
99:Hong Kong
43:Hong Kong
1511:Awaiting
1432:Thailand
1420:Malaysia
1391:Existing
1163:Thailand
1133:Pakistan
1123:Malaysia
1052:Colombia
1025:Americas
861:Missions
804:Thailand
759:Pakistan
739:Maldives
734:Malaysia
617:See also
587:Proposed
534:Existing
158:See also
139:National
47:John Key
1523:(ACCTS)
1503:Pending
1465:(CPTPP)
1459:(TPSEP)
1263:Oceania
1249:Ukraine
1214:Ireland
1204:Germany
1194:Estonia
1189:Denmark
1173:Vietnam
744:Namibia
709:Germany
704:Georgia
194:Tariffs
1477:(RCEP)
1429:Taiwan
1244:Sweden
1234:Russia
1229:Poland
1224:Norway
1209:Greece
1199:France
1182:Europe
1168:Turkey
1158:Taiwan
1113:Israel
1093:Brunei
1057:Mexico
1042:Canada
1037:Brazil
995:Africa
799:Taiwan
724:Israel
699:France
694:Canada
143:Greens
141:, the
135:Labour
1410:China
1290:Tonga
1285:Samoa
1239:Spain
1118:Japan
1103:India
1098:China
1047:Chile
1002:Egypt
842:Macau
834:China
789:Spain
774:Qatar
714:India
558:Chile
444:(PDF)
437:(PDF)
35:China
1275:Fiji
1076:Asia
1062:Peru
764:Peru
452:2014
420:2014
398:2014
372:2014
350:2014
328:2014
306:2014
284:2014
258:2014
232:2014
137:and
16:The
93:WTO
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