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NEW ZEALAND-HONG KONG,China
New Zealand-Hong Kong, China FTA&EIA
 Interactive trade indicators

Technical notes for performance indicators
Performance Indicators :
Member Countries

Hong Kong,SAR New Zealand

New Zealand-Hong Kong, China Closer Economic Partnership Agreement

Status : Signed in 2010 .  In force since 2011
Scope : Bilateral
Type : FTA & EIA
WTO Notification : GATT Art XXIV, GATS Art V 2011
Agreement text : 
http://www.mfat.govt.nz/downloads/trade-agreement/hongkong/NZ-HK%20CEP-final-copy1.pdf
Other links : 
http://www.mfat.govt.nz/Trade-and-Economic-Relations/2-Trade-Relationships-and-Agreements/Hong-Kong/index.php
WTO consideration process : 
http://docsonline.wto.org/imrd/gen_redirectsearchdirect.asp?RN=0&searchtype=browse&query=@meta_Symbol%22WT/REG291/1/Rev.1%22&language=1&ct=DDFEnglish
GOODS
Tariffs
Duty-free access for New Zealand goods locked in.
Hong Kong goods are offered the same tariff reductions as in the New Zealand-China FTA.
Upon entry into force, 54% exports of Hong Kong will benefit from tariff elimination. Remaining 46% will progressively receive duty free access to New Zealand by 2016.
Rules of Origin
Change of traiff classification and based on NZ-China FTA
Product specific rules for majority of tariff lines
Contingency Measures
   Anti - Dumping : According to WTO rules
   Countervailing Duties : According to WTO rules
   Safeguards : Retained.

Standards : Mechanisms to consider streamlining SPS and TBT
Notes:
Negotiations first suspended in 2002, but later continued and concluded in march 2010.
SERVICES
WTO Notification (GATS Art. V)Not Notified
       Date of notification

       Consideration Process : Not Considered


Liberalization ApproachNegative Lists

Modes Covered
Cross-border supply (Mode1)
Consumption abroad (Mode2)
Commercial presence (Mode3)

Specific Chapters on
Financial services
Telecommunications
Movement of natural persons
Other
              See Annex 1 for specific services covered by the agreement

Specific Sectors Excluded
Air transport

Public Sectors carve-out :

Most Favoured Nation : Binding

National Treatment : Binding

Market Access : Binding

Domestic Regulation : Binding but subject to legitimate expectations (GATS-like)

Subsidies covered by services disciplines : Not covered

Denial of benefits for commercial presence :
          Article 14--owned by non-Party nationals and has no substantive business operations in the other Party's territory


Notes :
          Early harvest in services.


Link to schedules :
INVESTMENT
Scheduling Approach

Definition of investment

Most Favoured Nation :
                           
National Treatment :
                           
Fair and Equitable Treatment :
                           
Expropriation :
                           
Board of Directors and executive personnel :

Invester - State arbitration :

Denial of Benefits :
          


Additional BIT exists between the parties :
          BIT list I :
                    Status:
          BIT list II :
                    Status:

Notes :
          


Link to schedules :
TRADE FACILITATION
Customs procedures : Yes NZ goods will be cleared within 48 hours of the time or arrival. Written advance rullins on raiff classification.
Customs valuation : No
Trade regulations publication and administration (transparency) : No
E-Commerce / Paperless trade : No
Cooperation in trade facilitation : No
OTHER AREAS
Government Procurement : Yes Chapter 12
Investment : Yes Letters on the Conclusion of an Investment Protocol
Competition Policy : Yes APEC principles to enhance competition and regulatory reform
Intellectual Property : Yes TRIPS reaffirmed
Dispute Settlement : Yes provision of an arbitral tribunal. Chapter 16
Labor Mobility : No
Labor and Environmental Standards : Yes The Environment Coopertaion AGreement and Memorandum of Understanding on Labour Coopertation
Technical cooperation : No
Institutional mechanism : Yes general reviews at the ministerial level, within 2 years of entry into force and every 3 years after that
Notes:
General exceptions: Treaty of Waitangi and Creative arts
RULES OF ORIGIN
Cumulation
bilateral
Specific Process
see Annex 1 to Chapter 4 for product specific Rules
Heading Change
De Minimis
Minimum Content
Drawback
Http Link
http://www.mfat.govt.nz/downloads/trade-agreement/hongkong/NZ-HK-CEP-HK-rules-of-origin-headnote.pdf
Notes
NEW ZEALAND-HONG KONG,China
New Zealand-Hong Kong, China FTA&EIA

Member Countries
Hong Kong,SAR
New Zealand
Total: 2 countries

New Zealand-Hong Kong, China Closer Economic Partnership Agreement

Status : Signed in 2010 .  In force since 2011
Scope : Bilateral
Type : FTA & EIA
WTO Notification : GATT Art XXIV, GATS Art V 2011
Agreement text : 
http://www.mfat.govt.nz/downloads/trade-agreement/hongkong/NZ-HK%20CEP-final-copy1.pdf

Other links : 
http://www.mfat.govt.nz/Trade-and-Economic-Relations/2-Trade-Relationships-and-Agreements/Hong-Kong/index.php

WTO consideration process : 
http://docsonline.wto.org/imrd/gen_redirectsearchdirect.asp?RN=0&searchtype=browse&query=@meta_Symbol%22WT/REG291/1/Rev.1%22&language=1&ct=DDFEnglish
GOODS
Tariffs
Duty-free access for New Zealand goods locked in.
Hong Kong goods are offered the same tariff reductions as in the New Zealand-China FTA.
Upon entry into force, 54% exports of Hong Kong will benefit from tariff elimination. Remaining 46% will progressively receive duty free access to New Zealand by 2016.

Rules of Origin
Change of traiff classification and based on NZ-China FTA
Product specific rules for majority of tariff lines

Contingency Measures
Anti - Dumping : According to WTO rules
Countervailing Duties : According to WTO rules
Safeguards : Retained.

Standards : Mechanisms to consider streamlining SPS and TBT

Notes:
Negotiations first suspended in 2002, but later continued and concluded in march 2010.


SERVICES
WTO Notification (GATS Art. V)Not Notified
Date of notification :
Consideration Process : Not Considered

Liberalization ApproachNegative Lists

Modes Covered
Cross - Border Supply : Yes
Consumption Abroad : Yes
Commercial Presence Abroad : Yes

Specific Chapters on
Financial services : Yes
Telecommunications : Yes
Movement of natural persons : Yes
Other : Yes
See Annex 1 for specific services covered by the agreement
Specific Sectors Excluded
Air transport : Yes
Public Sectors carve-out :

Most Favoured Nation : Binding

National Treatment : Binding

Market Access : Binding

Domestic Regulation : Binding but subject to legitimate expectations (GATS-like)

Subsidies covered by services disciplines : Not covered

Denial of benefits for commercial presence :
Article 14--owned by non-Party nationals and has no substantive business operations in the other Party's territory


Notes:
Early harvest in services.

Link to schedules :

INVESTMENT
Scheduling Approach

Definition of investment

Most Favoured Nation :

National Treatment :


Fair and Equitable Treatment :


Expropriation :


Board of Directors and executive personnel :

Invester - State arbitration : No

Denial of Benefits :


Additional BIT exists between the parties :No

BIT list I :
Status:
BIT list II :
Status:

Notes :


Link to schedules :

TRADE FACILITATION
Customs procedures : Yes NZ goods will be cleared within 48 hours of the time or arrival. Written advance rullins on raiff classification.
Customs valuation : No
Trade regulations publication and administration : No
Use of ICT : No
Mobility of business people : No
Freedom of transit : No
Transport and logistics : No
Trade finance : No

OTHER AREAS
Government Procurement : Yes Chapter 12
Investment : Yes Letters on the Conclusion of an Investment Protocol
Competition Policy : Yes APEC principles to enhance competition and regulatory reform
Intellectual Property : Yes TRIPS reaffirmed
Dispute Settlement : Yes provision of an arbitral tribunal. Chapter 16
Labor Mobility : No
Labor and Environmental Standards : Yes The Environment Coopertaion AGreement and Memorandum of Understanding on Labour Coopertation
Technical cooperation : No
Institutional mechanism : Yes general reviews at the ministerial level, within 2 years of entry into force and every 3 years after that

Notes:
General exceptions: Treaty of Waitangi and Creative arts


RULES OF ORIGIN
Cumulation
bilateral
Specific Process
see Annex 1 to Chapter 4 for product specific Rules
Heading Change

De Minimis

Minimum Content

Drawback

Http Link
http://www.mfat.govt.nz/downloads/trade-agreement/hongkong/NZ-HK-CEP-HK-rules-of-origin-headnote.pdf

Notes

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