Julia Gillard 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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