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Australia and New Zealand CER Trade Agreement—Rules of Origin

Thursday 8 September 2011 Hansard source (external site)

Young10. JONATHAN YOUNG (National—New Plymouth) Link to this
to the Minister of Customs

What reports has he received on developments to the Closer Economic Relations Trade Agreement between New Zealand and Australia?

WilliamsonHon MAURICE WILLIAMSON (Minister of Customs) Link to this

More good news. Recent changes to the CER rules of origin will mean it is now easier to use material from other countries in textiles and clothing, headgear, glass jewellery, copper tools, machinery and appliances, vehicles, boats, furniture, and toys. These new rules of origin determine which products are New Zealand or Australian goods and hence able to be exported between the countries free of duty, therefore making trade between our two countries even more competitive.

YoungJonathan Young Link to this

What benefits does CER bring to our exporters and manufacturers?

WilliamsonHon MAURICE WILLIAMSON Link to this

These changes to the rules of origin mean that CER continues to be a world-class free-trade agreement. The new rules of origin will enhance the competitiveness of our manufacturers and reduce compliance costs. CER is possibly the world’s most comprehensive free-trade agreement. Since it was signed in 1983, total trade between New Zealand and Australia has grown at an average of almost 7.5 percent per year. In the 12 months ended June 2011 we exported over $10 billion worth of goods to Australia and imported just over $7 billion worth of goods. That proves the importance of this market to both countries.