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Agreement entered into force 1 January 2001
The Agreement between New Zealand and Singapore on a Closer Economic Partnership (CEP) entered into force on 1 January 2001. It is the most comprehensive trading agreement, outside of Closer Economic Relations with Australia, that New Zealand has negotiated. The CEP aims to build on the close historical ties between Singapore and New Zealand by improving opportunities for trade in goods, services and investment.
The two governments announced their intention to negotiate an agreement in September 1999 and negotiations were completed within one year. The two Prime Ministers signed the agreement in Singapore on 14 November 2000.
The CEP is comprehensive, covering goods, services, investment and technical and hygiene/quarantine barriers to trade in goods.