TAIWAN, NEW ZEALAND SIGN OFF ON ECONOMIC CO-OPERATION PACT

WELLINGTON – Taiwan and New Zealand today signed an Economic Co-operation Agreement (ECA) providing general market access and issues such as e-commerce, competition policy and the environment. It aims to eliminate tariffs altogether. Two-way trade in 2012 between Taiwan and New Zealand totalled US1.21 billion. Taiwan is New Zealand’s 10th-largest export market (primarily agricultural products) and ranked 13th as an import supplier (mainly electronic and electrical good, refined petroleum products and metals). (ATI).