Free Trade Agreement Nz Korea

For most goods, goods originating in New Zealand under this Agreement need not be accompanied by a certificate of origin issued by a certification body. I would like to pick up on a point raised by my colleague Hon Phil Goff about the need for adequate dissemination of information on this free trade agreement. I mention the word „appropriate“ because we know, and it has already been mentioned, that it is important that you do not put all your cards on the table. However, it is important that the New Zealand public is fully engaged and that the New Zealand public is aware of this type of agreement. Mr. Goff also mentioned the marches that took place across the country that marched against the Trans-Pacific Partnership. Some of the alarmism that is unfolding can be easily spread by appropriate speech between this House and, of course, New Zealand public opinion. Upon entry into force, 70% of tariff headings will be exempt from customs duties for goods entering Chinese Taipei. The tax on the remaining lines will decrease over a period of 12 years. Information on the rules of origin applicable to imports from Chinese Taipei and exports to Chinese Taipei can be found in Fact Sheet 48 (PDF 346 KB). Dr.

SHANE RETI (National Whangarei): I am pleased to speak to this free trade agreement and this bill, and I would like to begin by thanking the Minister of Commerce, the Department of Foreign Affairs and Trade and the officials for the work they have done over the past five years to get us to where we are today. I would also like to thank my colleagues in the House, those who worked in the Committee on Foreign Affairs, Defence and Trade, and the leadership of the chairman of the Select Committee, Mark Mitchell. Northeast Asia has become particularly important. China is part of North-East Asia; Korea is part of Northeast Asia. In the 1970s, Northeast Asia accounted for only 10% of our exports, but now Northeast Asia accounts for more than 40% of our exports. So China, Japan, Korea – you have Hong Kong, Taiwan – these economies are particularly important. That is why we must pay attention to this region and that is why this free trade agreement with South Korea is particularly important. We all know that South Korea is our sixth largest trading partner – in fact, South Korea became New Zealand`s fifth largest trading partner earlier this year. South Korea, like many other countries, is our natural trading partner because we mainly export our agricultural products, while South Korea mainly exports industrial products. So we have this mutual advantage to expand our trade and, of course, we also need to recognise, in trade, the importance of other dimensions of our relationship.

For example, if we trade, it also means that we have more contact with other countries and therefore we have a better understanding of what will help our tourism, our education industry – all these things. Trade negotiators themselves have admitted that for many of our major export products, it will be at least a decade before New Zealand exporters are able to compete on a level playing field. It was positive to hear the minister speak today about a faster exit from Kiwi tariffs. He said they were at 45 percent. What he didn`t mention is that the exit will take more than six years, and he made it look like a good thing that our Kiwi competition in South America doesn`t have trade tariffs with South Korea. This is what is given to our New Zealand exporters as a good trade negotiation. Zespri himself mentioned how positive this trade deal was, but at the same time, he mentioned that he would take what he could get.

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