The New Zealand - Malaysia Free Trade Agreement (FTA) was signed in Kuala Lumpur on 26 October 2009.
Malaysia is New Zealand's eighth largest export destination, accounting for almost a billion dollars of exports in 2008. Its large and growing population of more than 28 million people presents ample opportunities for additional trade, investment and other economic linkages.
The FTA will liberalise and facilitate trade in goods, services and investment between New Zealand and Malaysia, New Zealand's eighth most important export destination.
It contains measures to improve business flows and promote cooperation in a broad range of economic areas of mutual interest and is supported by Agreements on trade and the environment and trade and labour matters. Importantly, it goes beyond the commitments made in the Australia - New Zealand Free Trade Agreement (AANZFTA) signed in February 2009.
The FTA and its associated instruments are expected to deliver benefits to New Zealand firms. The main benefits are likely to result from:
The New Zealand - Malaysia FTA was signed by New Zealand's Minister of Trade Tim Groser and his counterpart Minister Dato' Mustapa and witnessed by both Prime Ministers.
The agreement consists of:
The text of the agreement (PDF 304KB) containing commitments on Goods, Services, Investment, Movement of Business People, Intellectual Property, Economic Cooperation, Competition, Sanitary and Phytosanitary measures, Technical Barriers to Trade, Rules of Origin, Customs Cooperation, Trade Remedies, Dispute Settlement, Transparency, Institutional Provisions, General Exceptions and Final Provisions.
This Tariff Locator will help you locate both the tariff at the date the FTA comes into force and the rates for each year while the tariffs are phased out.