Us New Zealand Free Trade Agreement

New Zealand is leading global initiatives that show how trade can support climate and broader environmental and sustainable development goals. McClay said he had a constructive meeting with Lighthizer and ross had hinted that he was not in the way of major obstacles to a trade deal with his country. Reciprocal trade between the two countries reached $16 billion in 2016 and made the United States New Zealand`s third-largest trading partner, according to the New Zealand State Department. We are conducting special consultations with Maori on free trade agreements. The Trans-Pacific Strategic Economic Partnership (P4) agreement is an agreement between Brunei Darussalam, Chile, Singapore and New Zealand. The P4 agreement, which stands for “Pacific 4”, entered into force in 2006. Under P4, most tariffs on goods traded between Member States were immediately abolished, with the remaining duties due to expire (by 2015 for Brunei Darussalam and 2017 for Chile). The meeting allowed Peters not only to pitch for Pacific trade agreements, but also to explain how partnerships should work – for trade and other possibilities, including the aid programme. For more information on the rules of origin and the agreement, please see Fact Sheet 8 (PDF 701 KB). New Zealand is one of America`s strongest allies in liberalizing international trade. New Zealand has worked consistently with the United States in trade forums such as the WTO and APEC.