Since the first PEP negotiation, we have negotiated a number of other free trade agreements, including Singapore. As part of the upgrading of ANZSCEP, the two countries have signed a Mutual Recognition Agreement (AMR) (a trade agreement facilitating market access) in a large number of sectors. Singapore and New Zealand have agreed that if our free trade agreements provide for a difference in treatment for a New Zealand or Singaporean exporter, service provider or investor, you will be entitled to the more advantageous treatment accorded to you under this Agreement. NZ-Singapore CEP is a free trade agreement that benefits all New Zealanders. This creates the potential for companies to choose between the provisions of different agreements to ensure that they will maximize the business opportunities offered. In the two years following the entry into force of the agreement, Singapore`s bilateral trade with New Zealand increased from $0.97 billion (2000) to $1.09 billion in 2002, an increase of 12.6 per cent. The Closer Economic Partnership Agreement between New Zealand and Singapore entered into force on 1 January 2001. This is the most comprehensive trade agreement negotiated by New Zealand, with the exception of the agreement on closer economic relations with Australia. The CEP aims to build on the close historical ties between Singapore and New Zealand by improving opportunities for trade in goods, services and investment. Negotiations on upgrading the agreement began in 2017 to develop trade rules in line with free trade agreements to which Singapore and New Zealand are parties, such as the Australia Australia New Zealand FTA (AANZFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). For exporters of goods, the tarifffinder (link leaves this page) helps you make a decision.
All tariffs in Singapore are now at zero under all our free trade agreements with Singapore. For exporters, it is important to consider the provisions of the free trade agreement as rules before deciding which agreement to use….