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Arrangement to boost China – NZ trade

Commentary

An agreement to boost New Zealand-China trade was signed on 27 March by Customs Minister Nicky Wagner and China’s Ambassador, His Excellency Mr Wang Lutong.

The Mutual Recognition Arrangement (MRA) ensures border agencies in New Zealand and China recognise one another’s trusted exporter programmes.

“New Zealand and China Customs enjoy a strong working relationship. This arrangement will further strengthen ties by helping streamline the movement of goods,” Ms Wagner says.

“Companies signed up to New Zealand Customs’ Secure Export Scheme will automatically benefit from faster cargo clearance, reduced document checks and less examination.”

The MRA will come into effect on 1 July 2017. More details on the implementation and benefits will be provided to New Zealand exporters and Chinese importers in the coming months.

China and New Zealand Customs also recently launched a Joint Electronic Verification System, which automatically sends New Zealand’s Certificate of Origin data to China for greater assurance over the authenticity of goods.