Free Trade Agreement Objectives

New Zealand wants to ensure that rules of origin are neutral, which means that they do not favour producers of intermediate consumption over producers of finished products or that they favour one economic sector over another. We prefer self-declaration of origin as a basis for proof of origin, primarily in the context of the free trade agreement. New Zealand is also working to put in place FTA rules that improve the speed and transparency of customs import, export, transit and transhipment procedures, including by introducing automated systems where possible. A free trade agreement can help both sides manage risks from imported products more effectively and effectively and promote cooperation and cooperation to establish strong institutional relationships to solve specific trade problems. Currently, the United States has 14 free trade agreements with 20 countries. Free trade agreements can help your business more easily enter and compete with the global marketplace through zero or reduced tariffs and other provisions. While the specificities of different free trade agreements are different, they generally provide for the removal of barriers to trade and the creation of a more stable and transparent trade and investment environment. This allows U.S. companies to export their products and services to easier and cheaper commercial markets. Free trade agreements can reaffirm the importance of maintaining and enforcing competition law, transparency and due process with provisions for cooperation and consultation/notification in competition policy, in particular where anti-competitive behaviour may have affected trade and investment between countries. For example, New Zealand often attempts to introduce rules limiting and deceding certain categories of subsidies of particular importance, including those that harm our export markets or harm the environment, such as subsidies that encourage the use of fossil fuels or unsustainable fishing practices. A free trade agreement focuses primarily on economic benefits and promoting trade between countries by making it more efficient and cost-effective.

Agreements generally remove tariffs on goods, simplify customs procedures, remove unjustified restrictions on what can be traded, and facilitate the movement or life of businessmen in the other`s country. However, free trade agreements can also benefit from political, strategic or development benefits. New Zealand is targeting provisions in free trade agreements that give effect to key principles set out in the integration of environmental objectives into the 2001 trade agreements, including the obligation not to use labour and environmental laws, policies, rules and practices for trade nationalisation or to weaken trade or investment promotion. This can create opportunities for cooperation in the areas of labour and the business environment of mutual interest, as well as a robust consultation and dispute settlement mechanism for the settlement of issues or disputes between the parties. The most significant environmental and labour outcomes to date of all New Zealand trade agreements are included in the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). One fundamental thing for New Zealand is that any result of services and investments must protect our government`s right to regulate for legitimate public purposes. Free trade agreements can facilitate access to visas for New Zealand businessmen and our trading partners, which supports the development of our trade and economic relations. Despite all the advantages of a free trade area, there are also some disadvantages, including a free trade area in terms of the abolition of customs duties and the measures applied to Member States when they trade with each other. .