New Zealand-Thailand Closer Economic Partnership

The New Zealand-Thailand Closer Economic Partnership notably 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 
• Mineral ore and processed products including graphite, manganese, copper, aluminium, and nickel
• Various products manufactured using above minerals and metals such as sheets, powders, bars, and plates
• Photovoltaic cells

The Agreement also includes rules of origin, which dictate that goods may benefit from preferential tariff treatment if:

• wholly produced or obtained in one of the signatory countries
• having undergone a change in HS code after being processed in one of the signatory countries
• meeting minimum regional value content requirement

Want to know more about this policy ? Learn more