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New Zealand-Hong Kong trade agreement takes effect.
Text of news release carried by New Zealand government website on 1 January
Trade Minister Tim Groser announced that the New Zealand-Hong Kong Closer Economic Partnership Agreement (CEP) has entered into force as of today.
"I am pleased to confirm that Hong Kong and New Zealand have both completed the necessary legislative measures and that the CEP has come into force," said Mr Groser.
Cuts to remaining New Zealand tariffs will take effect as of today, and further progressive reductions will mirror those in the New Zealand-China free trade agreement. New Zealand goods currently entering Hong Kong at a zero tariff will from today be bound at that level.
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