fta tagged posts

NZ – Australia Sign New Investment Protocol

February 17, 2011 International FinanceNew Zealand Finance

MoneyAustralia and New Zealand have cut red-tape surrounding business conducted between the two countries, raising the levels which can be invested without requiring approval.

On February 16th the Australian Prime Minister Julia Gillard and the New Zealand Prime Minister John Key signed a new Investment Protocol between the two countries, which updates the bilateral Closer Economic Relations (CER) trade agreement held by Australia and New Zealand. The newly signed agreement will align the CER with contemporary free trade agreements, and will cut several investment restrictions between the countries.

The protocol raises the amount that a New Zealander can invest across the Tasman before requiring a screening and approval by the Australia’s Foreign Investment Review Board (FIRB)...

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NZ-Russia Investigating FTA

June 1, 2010 International FinanceNew Zealand Finance

Government, old and newThe Governments of Russia and New Zealand have commenced preparation for future negotiations of a bilateral Free Trade Agreement (FTA).

On May 31st the Government of New Zealand released a statement announcing the commencement of groundwork for the eventual negotiations of a FTA between New Zealand and Russia. The statement was released shortly after a meeting between Tim Groser, Trade Minister of New Zealand, and Elvira Nabiullina, Russian Minister of Economic Development, held in Moscow. Tim Groser summarized the achievements of the meeting, saying, “Russia has agreed to proceed towards a formal trade agreement with New Zealand, subject to a satisfactory outcome of scoping discussions.”

According to a New Zealand Government statement, a FTA with Russia could be of great benefit to Ne...

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FTA Negotiation for NZ and India

February 26, 2009 New Zealand Finance  No comments

It has been agreed by New Zealand and Indian Trade Ministers Tim Groser and Kamal Nath, respectively, that India and New Zealand will commence bilateral Free Trade Agreement (FTA) negotiations.

The agreement is based on a Joint Study performed by the two countries which explored the benefits of a possible FTA between the two countries. Having reached an agreement that the study indicated definite positives for both nations it has been agreed that negations will commence. While no definite schedule has been released, Tim Goser has said that it is aimed at commencing before the end of 2009.

Tim Goser extolled many benefit of the FTA, specifically the fast growing nature of the Indian economy.

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FTA with Korea Looming

January 26, 2009 International FinanceInternational TaxationNew Zealand FinanceNew Zealand Taxation  No comments

The possibility of a Free Trade Agreement (FTA) between Korea and New Zealand is becoming a more realistic possibility with positive signs from both Governments giving positive indicators.

The New Zealand Government has called for submissions on the possibility of a FTA with Korea,
according to Trade Minister Tim Groser in a January 23rd press release. Further, the Korean Foreign Minister, Yu Myung-hwan visited New Zealand over the subsequent weekend. Talks regarding the FTA were scheduled for Sunday.

According to Mr Goser, Korea is the sixth largest trade partner for New Zealand. He also extolled the great benefits that would be found by both countries in today’s economic environment by embracing the FTA possibility...

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