Tariff (Free Trade Agreement between New Zealand and the Republic of Korea) Amendment Act 2015 Commencement Order 2015

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Tariff (Free Trade Agreement between New Zealand and the Republic of Korea) Amendment Act 2015 Commencement Order 2015

Rt Hon Dame Sian Elias, Administrator of the Government

Order in Council

At Wellington this 10th day of December 2015
Present:Her Excellency the Administrator of the Government in Council

Pursuant to section 2 of the Tariff (Free Trade Agreement between New Zealand and the Republic of Korea) Amendment Act 2015, Her Excellency the Administrator of the Government, acting on the advice and with the consent of the Executive Council, makes the following order.

Contents

1
Title

2
Commencement of Tariff (Free Trade Agreement between New Zealand and the Republic of Korea) Amendment Act 2015

Explanatory note

Administrative Information

Order

1 Title


This order is the Tariff (Free Trade Agreement between New Zealand and the Republic of Korea) Amendment Act 2015 Commencement Order 2015.

2 Commencement of Tariff (Free Trade Agreement between New Zealand and the Republic of Korea) Amendment Act 2015


The Tariff (Free Trade Agreement between New Zealand and the Republic of Korea) Amendment Act 2015 comes into force on 20 December 2015.

Michael Webster,Clerk of the Executive Council.

Explanatory note

This note is not part of the order, but is intended to indicate its general effect.
This order brings into force, on 20 December 2015, the Tariff (Free Trade Agreement between New Zealand and the Republic of Korea) Amendment Act 2015.

The Tariff (Free Trade Agreement between New Zealand and the Republic of Korea) Amendment Act 2015 amends the Tariff Act 1988 and the notes to the Tariff as part of the implementation of a free trade agreement, namely the Free Trade Agreement between New Zealand and the Republic of Korea done at Seoul, Korea, on 23 March 2015 (the Agreement). The amendments enable—

the application of preferential tariff rates under the Agreement; and
transitional safeguard measures to be applied in appropriate circumstances on imports originating from Korea.

At the time of the making of this order, the text of the Agreement was available at https://korea.fta.govt.nz/

The Agreement will also be implemented by regulations—

to enable the application of preferential tariff rates for goods imported from Korea; and
to give effect to the rules of origin and product-specific rules for goods imported from Korea.

The regulations are—

the Tariff (Free Trade Agreement between New Zealand and the Republic of Korea) Amendment Order 2015; and
the Customs and Excise (Rules of Origin for Republic of Korea FTA Goods) Amendment Regulations 2015.

The commencement of the Tariff (Free Trade Agreement between New Zealand and the Republic of Korea) Amendment Act 2015, effected by clause 2 of this order, is co-ordinated with the date of the coming into force of the Agreement.

Issued under the authority of the Legislation Act 2012.
Date of notification in Gazette: 17 December 2015.
This order is administered by the Ministry of Business, Innovation, and Employment.

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