New Zealand-Thailand Closer Economic Partnership
The New Zealand-Thailand Closer Economic Partnership notably eliminates or reduces border tariffs on:
- Electric generation equipment
- Mechanical equipment including pumps, appliances, and other advanced machinery
- Electric motors, transformers, batteries, and capacitors
- Motor vehicles and vehicle parts
- Mineral ore and processed products including graphite, manganese, copper, aluminium, and nickel
- Various products manufactured using above minerals and metals such as sheets, powders, bars, and plates
- Photovoltaic cells
The Agreement also includes rules of origin, which dictate that goods may benefit from preferential tariff treatment if:
- wholly produced or obtained in one of the signatory countries
- having undergone a change in HS code after being processed in one of the signatory countries
- meeting minimum regional value content requirement
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