Tariff (Specified RCEP Parties—Malaysia) Amendment Order 2022

2022/12

Coat of Arms of New Zealand

Tariff (Specified RCEP Parties—Malaysia) Amendment Order 2022

Cindy Kiro, Governor-General

Order in Council

At Wellington this 8th day of February 2022

Present:
The Right Hon Jacinda Ardern presiding in Council

This order is made under section 7A(1)(bc) 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 RCEP Parties—Malaysia) Amendment Order 2022.

2 Commencement

This order comes into force on 18 March 2022.

3 Principal order

This order amends the Tariff (Specified RCEP Parties) Order 2021.

4 Schedule amended

In the Schedule, after the item relating to Lao PDR, insert:

Malaysia (18 March 2022)

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 18 March 2022, amends the Tariff (Specified RCEP Parties) Order 2021 (the principal order). It declares Malaysia to be a specified party to the Regional Comprehensive Economic Partnership (the RCEP) for the purposes of the Tariff Act 1988. The RCEP is a free trade agreement done at Hanoi, Vietnam, on 15 November 2020.

This order inserts Malaysia into the list of specified RCEP parties in the Schedule of the principal order with the date of 18 March 2022 next to it. That means that, on and from that date, Malaysia will be—

  • a specified RCEP party (see clause 3(3) of the principal order); and

  • entitled to preferential tariffs set under the Tariff Act 1988 in accordance with the RCEP.

Malaysia will also be a specified party for the purposes of the Customs and Excise Act 2018, under the Customs and Excise (Specified RCEP Parties) Order 2021 on and from 18 March 2022.

Regulatory impact statement

The Ministry of Foreign Affairs and Trade produced an extended national interest analysis (that took the place of a regulatory impact assessment) on 22 October 2020 to help inform the decisions taken by the Government relating to the RCEP.

A copy of the national interest analysis can be found at—

Issued under the authority of the Legislation Act 2019.

Date of notification in Gazette: 10 February 2022.

This order is administered by the Ministry of Business, Innovation, and Employment.