Home / Knowledge / News / Textiles / Rules of Origin changes welcome news for Trans-Tasman exporters
Rules of Origin changes welcome news for Trans-Tasman exporters
24
Jun '10
New Zealand and Australia have concluded their review of the Rules of Origin under the Australia New Zealand Closer Economic Relations Trade Agreement (CER), Trade Minister Tim Groser and Commerce Minister Simon Power announced.

The Rules of Origin determine which products count as "Australian" or "New Zealand" goods, and therefore determine which are able to be exported between the two countries duty free.

Mr Groser said the review will help streamline the export process for a number of industries.

"The agreed changes simplify the current Rules of Origin considerably, meaning that New Zealand and Australian companies will have greater certainty in meeting export requirements and therefore face reduced compliance costs.

"The revisions also bring the CER Rules of Origin into line with other free-trade agreements concluded since 2007 by both Australia and New Zealand with other trading partners, and in particular with the ASEAN Australia New Zealand Free Trade Area (AANZFTA) signed last year."

The changes will provide for the removal of most of the supplementary added value requirements currently imposed across a range of products, and in particular those imposed on the textile, clothing, and carpet sectors.

Mr Power said the agreement shows CER continues to work for both countries.

"CER is widely recognised as one of the world's benchmark and most liberal free trade agreements. An important aspect of it and its success is that both countries have continued to work at it to ensure it remains a living agreement. These changes to the rules of origin mean CER continues to be a world-class agreement."

New Zealand Ministry of Foreign Affairs and Trade

Must ReadView All

Textiles | On 27th Mar 2017

Himatsingka to disinvest 100% stake in Italian subsidiary

The board of directors at Indian home textiles manufacturer and...

Courtesy: Flipkart

Apparel/Garments | On 27th Mar 2017

Flipkart bags $1bn funding at lower valuation

In a new round of funding, Flipkart, one of India's biggest ecommerce ...

Textiles | On 27th Mar 2017

CCI shows US cotton textiles at Intertextile Shanghai expo

The Cotton Council International (CCI), the global marketing arm of...

Interviews View All

Mukesh Agarwal & Rajesh Agarwal
Madhuram Fincap Pvt Ltd

Increasing prices and lack of demand main issues facing industry

Amit Jain
Shingora Textiles Ltd

‘In terms of fabric, the fastest growing category for us is a blend of...

Abhimanyu Singh Rathore & Barbara Anna Kosiorek
Kannbar

‘Blending cultures is the true beauty of fashion, where one’s imagination...

Eamonn Tighe
Nature Works LLC

Eamonn Tighe, Fibres and Nonwovens - Business Development Manager of...

Johan Berlin
InvestKonsult Sweden AB

Investkonsult Sweden AB has been buying and selling second-hand textile...

Eric Scholler
Groz-Beckert

The Indian market has huge potential in technical textiles, and by far,...

Igor Chapurin
Chapurin

"Now we can see the Russian trend in international fashion. And Russian...

Rupa Sood and Sharan Apparao
Nayaab

Nayaab, an exhibition meant to celebrate Indian weaves, is in its second...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
March 2017

March 2017

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


eNEWS
Insights
Subscribe today and get the latest News update in your mail box.
Advanced Search