INTIEANew Zealand · New Zealand-Malaysia Free Trade AgreementPolicyIn force

New Zealand-Malaysia Free Trade Agreement

The New Zealand-Malaysia Free Trade Agreement aims at fostering closer economic relations by reducing or removing trade and investment barriers. The Agreement builds on the existing ASEAN-Australia-New Zealand Free Trade Agreement. Most notably, the Agreement accelerated the…

Last changed 2 years ago.

Extracted view for reading · Original for compliance evidence

Lifecycle

EffectiveJan 01, 2010
Last changeJun 27, 2024

Country / jurisdiction: New Zealand · Year: 2010 · Status: In force · Level: National · Type: Voluntary

The New Zealand-Malaysia Free Trade Agreement aims at fostering closer economic relations by reducing or removing trade and investment barriers. The Agreement builds on the existing ASEAN-Australia-New Zealand Free Trade Agreement. Most notably, the Agreement accelerated the tariff reduction/elimination schedule from 12 years (per the AANZFTA) to 7 years. It also provide improved investment protection provisions, including Most Favoured Nation (MFN) treatment.

The Agreement eliminates or reduces border tariffs on:

Electric generation equipment

Mechanical equipment including pumps, appliances and other advanced machinery

Electric motors, transformers, batteries and capacitors

Motor vehicles and vehicle parts (except for motor vehicle imports into Myanmar and Vietnam)

Mineral ore and processed products including graphite, manganese, copper, aluminium and nickel

Various products manufactured using the above minerals and metals such as sheets, powders, bars, and plates

Photovoltaic cells

The Agreement also includes rules of origin and local content provisions. Goods are considered as originating from a signatory country, and thus benefitting from preferential tariff treatment if:

they are wholly produced or obtained in the country

they qualify for a change in HS code as defined for each good

they meet minimum regional value content requirements e.g. within 10% of FOB value or total weight of the good.

Official source: https://www.mfat.govt.nz/en/trade/free-trade-agreements/free-trade-agreements-in-force/nz-malaysia-free-trade-agreement/

Source

https://www.iea.org/policies/19468

Canonical document at the regulator. Always cite this URL — not the Vantage detail page — in compliance evidence.

Related in International

INTEnergy Newsoilprice:oilprice-article-45490NewsIn force

Oil Industry Braces for Years-Long Iran War

Oil producers, traders, and refiners are bracing for a prolonged war between the United States and Iran in the Persian Gulf with little to no hope of a quick resolution. By extension, they are also preparing for higher prices for longer, a theme present at this year’s edition of the Asia Pacific Petroleum Conference. Reuters’ Clyde Russell reported this week that the mood at APPEC was not particularly cheerful as hostilities in the Middle East escalate once again, suggesting achieving peace would be quite a challenge. The Reuters columnist…

INTEnergy Newsoilprice:oilprice-article-45486NewsIn force

Stolen Electricity is Powering Illegal Crypto Farms Across the Globe

Electricity theft is a global problem, and it’s getting more dire all the time. While the problem is most common in developing countries, where grid infrastructure is limited and utilities and state authorities have lower oversight capacities, developed countries are not immune either. This theft can occur in many forms and at many scales, from individuals tapping into power lines to power their individual residences to large-scale and sophisticated theft schemes to power entire cryptocurrency mining farms. Just this week, Mexican authorities…

INTEnergy Newsoilprice:oilprice-article-45475NewsIn force

The Race to Solve Nuclear Energy’s Biggest Problem

Nuclear power is growing in popularity once again as governments worldwide look to diversify their energy mix and reduce reliance on fossil fuels. Several countries are now looking to develop or expand their nuclear energy capacity over the coming decades. However, one challenge remains – nuclear waste. Disposing of waste materials from nuclear energy operations remains a complex task with no perfect solution. As countries worldwide have grown their nuclear power capacity, many governments are still struggling to decide on the best solution…

INTEnergy Newsoilprice:oilprice-article-45473NewsIn force

Iran’s Security Crackdown Runs Into Resistance From Within

Iran's parliament is trying to turn fears of foreign infiltration into law. But as lawmakers work through the legislation, the debate is exposing an increasingly awkward question for the Islamic Republic: How far should the state go in policing Iranians' contact with the outside world? At the center of that debate is Parliament Speaker Mohammad Baqer Qalibaf, who, at least publicly, is doing a balancing act. He has defended the need for tougher measures against foreign infiltration while warning that the current draft of the legislation goes too…

INTEnergy Newsoilprice:oilprice-article-45474NewsIn force

Why More Homes Are Switching From Gas to Heat Pumps

Heat pumps are becoming an increasingly popular alternative to gas-powered central heating systems and are increasingly being used in new construction, often driven by government incentives. A heat pump uses technology similar to that found in a refrigerator or an air conditioner, extracting heat from a source, such as the surrounding air, and amplifying and transferring the heat to where it is needed. As most of the heat is transferred rather than generated, heat pumps are far more efficient than conventional heating technologies such as boilers…