Source: New Zealand Parliament
The Free Trade Agreement (FTA) was signed between New Zealand and the United Kingdom on 1 March 2022. This bill would bring the FTA into force and would amend a number of Acts in doing so.
If passed, the bill would enable:
- the application of preferential tariff rates under the FTA
- provisional transitional safeguard measures to be applied if necessary
- the implementation of transitional quotas on dairy products exported to the United Kingdom
- the division of New Zealand’s country-specific World Trade Organization dairy quotas between the UK and the European Union post-Brexit
- the extensions of the scope of a performer’s property rights in sound recordings of their performances under the Copyright Act 1994 to include the playing of those sound recordings in public
- the increase in the investment screening threshold from NZ$100 million to NZ$200 million for non-government investors from the UK
- the implementation of New Zealand’s commitments to administer a 3-year transitional quota for apple exports.
Tell the Foreign Affairs, Defence and Trade Committee what you think
Make a submission on the bill by 11.59pm on 21 August 2022.
For more details about the bill:
ENDS
For media enquiries contact:
Foreign Affairs, Defence and Trade Committee staff
fadt@parliament.govt.nz
