UK-New Zealand FTA Chapter 8: Trade Remedies
Text of chapter 8 of the Free Trade Agreement (FTA) between the United Kingdom of Great Britain and Northern Ireland and New Zealand.
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Trade Remedies provide a safety net for domestic industry against unfair trading practices or unforeseen surges in imports of goods.
The chapter includes a general bilateral safeguard mechanism. This allows for temporary tariff increases or a suspension of further tariff liberalisation to protect industry from serious injury or threat thereof, as a result of increased imports through the FTA. Bilateral safeguards can be applied by either party and to all categories of product.
The chapter also affirms both countries’ rights and obligations under the World Trade Organization (WTO) agreements allowing members to apply trade remedies.