One fundamental thing for New Zealand is that any outcome of services and investments must protect our government`s right to regulate for legitimate public purposes. Free trade agreements can facilitate access to visas for businessmen from New Zealand and our trading partners, which supports the development of our trade and economic relations. New Zealand`s overarching goal in any FTA negotiations is to create a modern, high-quality, comprehensive, forward-looking and economically viable agreement that facilitates the growth and development of our trade and investment relationships with our trading partners. Therefore, in negotiations, we typically cover a number of trade-related issues, including those listed below. Trade agreements have advantages and disadvantages. By removing tariffs, they lower import prices and benefit consumers. However, some domestic industries are suffering. They cannot compete with countries that have a lower standard of living. As a result, they can go bankrupt and their employees can suffer. Trade agreements often force a compromise between businesses and consumers.

First, the customs duties and other rules maintained in each of the signatory Parties to a free trade area and applicable at the time of the formation of such a free trade area shall not be higher or more restrictive for trade with non-parties to such a free trade area than the corresponding duties and other rules which existed in the same signatory Parties before the formation of the free trade area. In other words, the creation of a free trade area to grant preferential treatment to its members is legitimate under WTO law, but parties to a free trade area cannot treat non-parties less favourably than before the creation of the territory. A second requirement of Article XXIV is that tariffs and other barriers to trade must be removed for virtually all trade within the free trade area. [10] The Doha Round would have been the largest global trade deal if the US and the EU had agreed to reduce their agricultural subsidies. After its failure, China gained global economic ground by intercepting profitable bilateral agreements with countries in Asia, Africa and Latin America. The United States currently has a number of free trade agreements. These include multinational agreements such as the North American Free Trade Agreement (NAFTA), which covers the United States, Canada and Mexico, and the Central American Free Trade Agreement (CEFTA), which covers most Central American countries. There are also separate trade agreements with countries ranging from Australia to Peru. It should be noted that, when eligible for the origin criteria, there is a difference in treatment between inputs originating inside and outside a free trade agreement. Normally, inputs from one FHA Party shall be considered to originate in the other Party if they are included in the manufacturing process of that other Party […].