INDEPENDENT NEWS

Chamber Welcomes New CER Rules Of Origin

Published: Fri 3 Feb 2006 04:24 PM
3 February 2006
Chamber Welcomes New CER Rules Of Origin
The Wellington Regional Chamber of Commerce welcomes the progress that has been made to update the rules which determine country of origin under the CER Agreement between Australia and New Zealand.
“The previous rules, based on 50% regional value content were acting as a disincentive to efficiency gains being made by New Zealand companies” said Charles Finny Chamber CEO. “The new rules, based largely on change in tariff classification are a huge improvement. New Zealand businesses have been encouraging this change in rules for many years.
We know that successive New Zealand Governments have been seeking this change on behalf of New Zealand exporters for at least 10 years.
Australia has been reluctant to move because it was seeking to protect Australian industry. The fact that agreement has now been reached to make the change is a major achievement. I congratulate the Government and Officials from MFAT and MED who have worked so hard for so many years to improve these rules”, he continued.
“The only negative appears to be in the area of Men’s and Boys’ apparel where it seems the old rules will apply until 2010, before being liberalised slightly. Clearly Australian protectionist instincts are still strong in this area, where a number of companies in the Wellington area are active and strong.
We hope that the Government will work hard to bring the rules applying to this important sector into line with the rest of our export sectors”, Charles Finny concluded.
ENDS

Next in Business, Science, and Tech

Gaffer Tape And Glue Delivering New Zealand’s Mission Critical Services
By: John Mazenier
Ivan Skinner Award Winner Inspired By Real-life Earthquake Experience
By: Earthquake Commission
Consultation Opens On A Digital Currency For New Zealand
By: Reserve Bank
Ship Anchors May Cause Extensive And Long-lasting Damage To The Seafloor, According To New NIWA Research
By: NIWA
A Step Forward For Simpler Trade Between New Zealand And Singapore
By: New Zealand Customs Service
68% Say Make Banks Offer Fraud Protection
By: Horizon Research Limited
View as: DESKTOP | MOBILE © Scoop Media