Course summary Singapore New Zealand Free trade agreement
The objectives of the New Zealand - Singapore Free trade agreement
are to ...
- strengthen bilateral relationship and trade between New Zealand
and Singapore through the establishment of a
closer economic partnership;
- liberalize foreign trade in products and services
and improve Foreign direct investment (FDI);
- support the liberalization process in APEC
and support the World Trade Organisation (WTO)
- improve the efficiency and competitiveness of export products and services
sectors of New Zealand and Singapore and expand foreign trade and
Foreign direct
investment (FDI);
- equitable treatment and protection to bilateral Foreign direct investment between New Zealand and Singapore.
Main benefits of the New Zealand - Singapore Free trade agreement:
New Zealand and Singapore will eliminate all import tariffs.
- Electrical and electronic equipment
tested in Singapore will no require a 2th testing if exported to New Zealand.
- New Zealand and Singapore wish to liberalize many services sectors
(professional services, financial
services and environmental services)
Total trade between New Zealand and
Singapore
is increasing (NZD2.8 billion in 2007). The Imports from Singapore
to New Zealand: NZD1.914 billion in 2007. Exports of New Zealand to Singapore:
NZD690 million in 2007.
The Republic of Singapore is an important source of Foreign direct investment for New Zealand.
New Zealand - Singapore Free trade agreement
NOTE: See also the Trans-Pacific
Strategic Economic Partnership Agreement among Brunei Darussalam,
Chile, New Zealand and Singapore.
(Es): Singapur Nueva Zelanda
.
