Tariff (Specified CPTPP Parties—Viet Nam) Amendment Order 2018
2018/264
Tariff (Specified CPTPP Parties—Viet Nam) Amendment Order 2018
Patsy Reddy, Governor-General
Order in Council
At Wellington this 10th day of December 2018
Present:
Her Excellency the Governor-General in Council
This order is made under section 7A(1)(baa) of the Tariff Act 1988 on the advice and with the consent of the Executive Council.
Order
1 Title
This order is the Tariff (Specified CPTPP Parties—Viet Nam) Amendment Order 2018.
2 Commencement
This order comes into force on 14 January 2019.
3 Principal order
This order amends the Tariff (Specified CPTPP Parties) Order 2018.
4 Clause 3 amended (Specified CPTPP parties)
In clause 3, after paragraph (e), insert:
(f)
Viet Nam.
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, which comes into force on 14 January 2019, declares Viet Nam to be a specified party to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (the CPTPP) for the purposes of the Tariff Act 1988. The CPTPP is a free trade agreement, done at Santiago, Chile, on 8 March 2018.
The effect of this order is to entitle Viet Nam to preferential tariffs set under the Tariff Act 1988 in accordance with the CPTPP.
Also, regulation 51ZZF of the Customs and Excise Regulations 1996 will now apply to Viet Nam as a result of this order. For the purpose of giving effect to the CPTPP, that regulation prescribes rules of origin, including product-specific rules and other applicable requirements, for goods imported to New Zealand from parties to the CPTPP.
Date of notification in Gazette: 13 December 2018.
This order is administered by the Ministry of Business, Innovation, and Employment.