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How Can Businesses Begin to Prepare for Certificate of Origin Verifications under the CPTPP?

By 4 Mins Read

With the ratification of the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP) by Mexico, Japan and Singapore, and the expectation that other parties will follow, we anticipate the agreement will enter into force by early next year. Although the CPTPP differs from the Trans-Pacific Partnership (TPP) due to the suspension of 22 provisions, most chapters of the new agreement remain untouched.  One of those is Chapter 3: Rules of Origin and Origin Procedures. Certificate of Origin, CPTPP, verification, ASEAN, ATIGA, Form D, self-certification, trade, customs, prepare, free trade agreement

New Zealand Government seeking submissions on Trade for All policy

By 2 Mins Read

On 6 August 2018, the Government announced the  launch of its Trade for All agenda and invited New Zealanders to have their say on what matters to them on trade policy and in trade agreements. The Prime Minister Rt Hon Jacinda Ardern and Minister for Trade and Export Growth Hon David Parker have launched the Trade for All consultations. The consultation seeks answers to:

New Zealand – Importers may register for provisional values

By 1 Min Read

As a result of the Customs and Excise Act 2018, which comes into effect on 1 October, certain importers can start using provisional values on import entries from 1 October if they have registered with Customs. In some cases, they will need to be approved first.

It takes 30 working days to process applications, so forms with all required documentation need to be lodged no later than 20 August 2018.

Asia Pacific Free Trade Agreements March Ahead

By 4 Mins Read

As the trade conflict between the United States and China continues, three free trade agreements are pressing ahead, including– the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), soon to enter into force, the Japan-EU Economic Partnership Agreement (JEEPA), recently signed and which represents 30% of global economic output, and the Regional Comprehensive Economic Partnership (RCEP), an agreement that includes both India and China and comprises the largest trading block in the region.

New Zealand – Compulsory airbag recall now in effect

By 1 Min Read

The New Zealand Customs Service reminded Importers and their agents that vehicles containing alpha-type Takata airbags became prohibited imports from 31 May 2018. A mandatory recall order was issued by the Minister of Commerce and Consumer Affairs on 4 April 2018. All goods covered by the order automatically become prohibited imports under the Fair Trading Act. The prohibition includes vehicles containing disabled airbags, but does not include vehicles that have had the airbags removed prior to importation. From 31 May 2018 vehicles containing alpha-type Takata airbags are NOT able to be initially registered in New Zealand, nor can they be sold in trade.

New Zealand – New excise duty rates for alcohol from 1 July 2018

By 1 Min Read

The annual adjustment to the excise and excise-equivalent duty rates on alcoholic beverages will take place on 1 July 2018.

The annual adjustment is based on movements in the Consumer Price Index less credit services subgroup over the 12-month period up to 31 March 2018.

The new rates are those set out in the Excise and Excise-equivalent Duties Table (Alcoholic Beverages Indexation) Amendment Order 2018.

The rates are summarised as:

Mexico approves Comprehensive and Progressive Trans-Pacific Partnership Agreement

By 1 Min Read

On May 23, 2018, after approval by the Mexican Senate on April 24, 2018, the Diario Oficial de la Federación (Federal Official Gazette) published President Peña’s Decree approving the Comprehensive and Progressive Trans-Pacific Partnership Treaty, made in Santiago, Chile on March 8, 2018, as well as the four parallel agreements negotiated in the framework of its subscription.