Regional Comprehensive Economic Partnership (RCEP) Legislation Act Commencement Order 2021

2021/403

Coat of Arms of New Zealand

Regional Comprehensive Economic Partnership (RCEP) Legislation Act Commencement Order 2021

Cindy Kiro, Governor-General

Order in Council

At Wellington this 29th day of November 2021

Present:
Her Excellency the Governor-General in Council

This order is made under section 2 of the Regional Comprehensive Economic Partnership (RCEP) Legislation Act 2021 on the advice and with the consent of the Executive Council.

Order

1 Title

This order is the Regional Comprehensive Economic Partnership (RCEP) Legislation Act Commencement Order 2021.

2 Commencement of Regional Comprehensive Economic Partnership (RCEP) Legislation Act 2021

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 the Regional Comprehensive Economic Partnership (RCEP) Legislation Act 2021 into force on 1 January 2022, which is the date on which the Regional Comprehensive Economic Partnership (the RCEP) enters into force for New Zealand.

The Regional Comprehensive Economic Partnership (RCEP) Legislation Act 2021 will enable—

  • the issue of New Zealand certificates of origin in respect of goods for export to the RCEP parties; and

  • the application of preferential tariff rates under the RCEP.

At the time of the making of this order, the text of the RCEP is available at https://www.mfat.govt.nz/assets/Trade-agreements/RCEP/RCEP-Agreement-Legal-Text.pdf

The RCEP will also be implemented by secondary legislation—

  • to enable the application of preferential tariff rates for goods imported from specified RCEP parties; and

  • to give effect to the rules of origin and product-specific rules for goods imported from specified RCEP parties.

Issued under the authority of the Legislation Act 2019.

Date of notification in Gazette: 2 December 2021.

This order is administered by the Ministry of Foreign Affairs and Trade.