Trade Remedies under New Zealand's Trade Agreements
Australia and New Zealand Closer Economic Relations Agreement
Australia and New Zealand have agreed to dispense with anti-dumping and safeguard action in relation to goods produced in either country. It is still possible to take countervailing action against subsidised goods from Australia [refer to the Australia and New Zealand Closer Economic Relations Agreement held on MFAT website].
New Zealand and Singapore Closer Economic Partnership Agreement
New Zealand and Singapore may take anti-dumping and countervailing action against each other. In the case of anti-dumping action, however, for initiation and termination purposes, the de minimis dumping margin of 2 percent in WTO rules is increased to 5 percent and the volume of dumped imports considered to be negligible is increased from 3 percent of total imports in WTO rules to 5 percent. Anti-dumping and countervailing duties cease after 3 years unless reviewed, rather than after 5 years as provided for under WTO rules. New Zealand and Singapore have agreed to dispense with safeguard action in relation to goods originating in either country [refer to the Agreement between New Zealand and Singapore on a Closer Economic Partnership held on MFAT website.
Trans-Pacific Strategic Economic Partnership Agreement
Existing WTO rights and obligations relating to anti-dumping, subsidies and countervailing measures, and safeguard actions are retained [refer to the Trans-Pacific Strategic Economic Partnership Agreement held on MFAT website].
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