Anzlf has been instrumental in setting the trans-Tasmanian agenda in the past, particularly in the economic field. B such as support for the acceleration of the SEM initiative and the promotion of the concept of “net trans Tasman benefits”. He is Co-Chair of New Zealand (currently Adrian Littlewood, Managing Director of Auckland Airport) and Australian Co-Chair (Ann Sherry AO, Executive Chairman of Carnival Australia). ANZLF has working groups that defend and shape the agenda in five sectors: innovation, infrastructure, tourism, health technologies and agribusiness. The 1983 Agreement on closer economic relations (CERs) between Australia and New Zealand is by far the oldest of Australia`s four free trade agreements (FTAs) with other countries – Australia has concluded free trade agreements with Singapore (July 2003); Thailand (January 2005); and the United States (January 2005). New Zealand and Australia are committed to creating a seamless trans-Tasman economic environment that allows New Zealanders to do business in Australia as easily as they are in and around New Zealand. This is called the internal market (SEM) and is based on the REC agreement. The next step for the Australian and New Zealand governments to continue on the path of economic integration is to create a customs union through a common external tariff and a common competition policy. New Zealand and Australia already have a common competition policy, but they are unlikely to have a common external tariff.
[Citation needed] Chronology: The CER replaced the 1965 New Zealand-Australia Free Trade Agreement (NAFTA). Talks began in the late 1970s and a new agreement was reached in December 1982. The Régie came into force in January 1983. In response to the committee`s interests, the Minister of Commerce, the Honourable Mark Vaile, MP, referred to the committee an inquiry into the Australia-New Zealand trade agreement on closer economic relations. The Minister agreed with the committee that the investigation was relevant at the right time and to Australia`s commercial interests, noting that there had been a number of changes and additions to the agreement over the past two decades. The Minister concluded that the study would raise public awareness of the benefits of the Régie and sem and would also provide an opportunity to “discuss ways to further develop trade and investment relations between transtasmans”. 24 The open and open discussions with businesses and managers in New Zealand and the access to the delegation granted by the New Zealand Government indicate that the relationship between the plates and Tasmanians is highly valued and bodes well for the future. The CER is the result of an earlier free trade agreement that came into effect in 1966 and the Trans-Tasmanian Travel Arrangement of 1973, which allowed citizens of Australia and New Zealand to travel, live and work in the other country.2 The committee published the inquiry in The Australian on March 7, 2006. Letters inviting contributions were sent to relevant ministers, Commonwealth agencies and various organisations interested in Australia`s economic and trade relations with New Zealand.
A press release was widely distributed. One of the main results of the CERs was the Protocol on the Acceleration of the Free Movement of Goods, which led to the complete elimination of customs duties or quantitative restrictions between the two countries on 1 July 1990, five years ahead of schedule. The two main sticking points in the negotiations were New Zealand`s desire to improve access for its dairy products to Australia and Australia`s desire for New Zealand to lift export incentives and quantitative restrictions. After overcoming these two obstacles, the Agreement was signed on 14 December 1982 and entered into force on 1 January of the following year. The CER`s 2013 Investment Protocol is an ambitious investment agreement that maintains the CER`s status as one of the most comprehensive free trade agreements in the world. The protocol reduces compliance costs and provides trans-Tasman investors with greater legal certainty by providing higher thresholds for screening foreign investments. While the CER is subject to ongoing review and development by the Governments of New Zealand and Australia, this is the first review by the Standing Joint Committee on Foreign Affairs, Defence and Trade. The Committee has an interest in reviewing Australia`s free trade agreements after reviewing the free trade agreements with Singapore, Thailand and the United States in 2005.1 The Committee is keen to identify the results of CERs and ways to improve and strengthen the already close economic relationship with New Zealand. The delegation was moderated by H.E. John Dauth, Australian High Commissioner to New Zealand, and Ian Chesterfield, Consul General of Australia and Senior Trade Commissioner, on australia-New Zealand trade relations and the potential for closer economic relations. Since 1983, there have been numerous agreements and memoranda of understanding between Australia and New Zealand.
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