ANZTEC General Review
The Agreement between New Zealand and the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu on Economic Cooperation (ANZTEC) is a high quality, comprehensive trade agreement that liberalises and facilitates trade in goods, services and investment between the New Zealand and Chinese Taipei. ANZTEC delivers preferential tariff access that gives New Zealand exporters a key competitive advantage in an important market of around 23 million people. It also includes innovative provisions on film and television, indigenous cooperation and air links that will expand existing creative, cultural and people-to-people links.
ANZTEC has already created significant commercial benefits for New Zealand and Chinese Taipei following entry-into-force on 1 December 2013. The text of the Agreement and a summary of its benefits are available at: https://www.nzcio.com/en/anztec/anztec-agreement/
About the General Review
The Agreement provides for a general review within two years of entry into force and every three years thereafter (Article 5, Chapter 22 (Institutional Provisions)). The Review will consider the implementation, operation and impact of the Agreement since its entry into force and explore ways to remove any existing impediments to increase trade, maximise benefits, and ensure that the Agreement is a modern, living document that responds to changing business needs.