The objective of the SAA is to assess the potential impact of the trade and trade provisions of the proposed free trade agreement on economic, social, human rights and environmental aspects in any trading partner and in other relevant countries. For more information on AIS, visit the EU-New Zealand special website of the AES. The New Zealand-Hong Kong, China Closer Economic Partnership Agreement (NZ-HKC CEP) was signed in Hong Kong on 29 March 2010 and entered into force on 1 January 2011. The agreement allows goods exported from Hong Kong, China, to benefit from preferential tariff treatment on imports into New Zealand. At present, all goods imported into Hong Kong, China, regardless of their origin, are exempt from customs duties. The agreement ensures that in the future, New Zealand goods imported into Hong Kong, China, will remain duty-free. Some trade agreements contain provisions on trade policy remedies. AANZFTA is Australia`s first transnational free trade agreement. This is the first time that Australia and New Zealand have participated together in the negotiations for a free trade agreement with third countries. This is the first time that ASEAN has begun negotiations on free trade agreements covering all sectors simultaneously, including goods, services, investment and intellectual property.
It is therefore the most comprehensive trade agreement ever negotiated by ASEAN. Sam McIvor, chief executive of Beef and Lamb, said it would help deepen cooperation and strengthen trade in the region. The U.S. is absent from both RCEP and the successor to the Trans-Pacific Partnership (TPP) led by U.S. President Barack Obama, letting the world`s largest economy out of two trading groups that span the world`s fastest-growing region. . . .