Summary
Summary
Under the New Zealand-Thailand Closer Economic Partnership Agreement (CEP), which took effect on 1 July 2005, both parties will retain their existing WTO rights and obligations on anti-dumping and countervailing duties procedures and the use of global safeguard measures (although there is discretion to exclude partner country trade from any global safeguard action). Chapter 5 of the CEP covers trade remedies.
Bilateral transitional safeguards will also be available during the tariff phase out period. These will allow either country to address situations of serious injury to domestic industries caused by increased imports due to tariff reduction or elimination under the CEP.
Back to Top