Review of the background on the free trade agreement between Australia and New Zealand
2004
Sawauchi, D. (Hokkaido Univ., Sapporo (Japan)) | Yamamoto, Y.
Summary The Australia New Zealand Closer Economic Relations Trade Agreement (CER Agreement) is a free trade agreement between Australia and New Zealand. The objective of this paper is to review the background and the details of this agreement. The results of this study can be summarized as follows. First, the 'negative list' approach and the timetable of reducing tariffs and quantitative import restrictions accelerated the elimination of remaining tariffs and quantitative restrictions. Second, though Australia and New Zealand claim free trade in agricultural products at WTO negotiations, they excluded some agricultural products from the general provision of the agreement when the agreement entered into force. Third, the rules of origin (ROO's) in the agreement substantially consist of the 50 percent rule and the, exporting country rule. The 50 percent rule requires that the 'qualifying expenditure' is not less than 50 percent of the total expenditure. And, the exporting country rule requires that the 'last process of manufacture' is done in Australia or New Zealand.
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