Free Trade Agreement between New Zealand and the Republic of Korea

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Treaty Code:

B2015-03

Treaty Type:

Bilateral/Plurilateral

Common Name:

Korea FTA

Responsible Department:

Foreign Affairs and Trade

Administering Department:

Treaty Status:

In Force

Treaty Summary:

Negotiations for the Free Trade Agreement between New Zealand and the Republic of Korea were successfully concluded at the ninth formal round in Seoul from 15–17 October, and a public announcement was made by leaders in Brisbane on 15 November. The FTA was signed by Trade Ministers on 23 March 2015 at Seoul, South Korea.

The FTA will build upon the strong economic and political ties that already exist between Korea and New Zealand. Our two countries have a long history of working together, stretching back to the Korean War. The FTA will set the platform for an even closer relationship into the future.

Korea is New Zealand's sixth largest export destination for goods and services and our eighth largest import source of goods and services, with total two way trade of $4 billion in the year ending June 2014.

Annex III of the FTA sets out the Agreement between New Zealand and the Republic of Korea Concerning Audio-Visual Co-Production.

For the full text of the Treaty see here - https://mfat.govt.nz/en/trade/free-trade-agreements/free-trade-agreements-in-force/nz-korea-free-trade-agreement/text-of-the-new-zealand-korea-fta-agreement/

NZ Adherence Status:

In Force

Adherence Type:

Third person note

Signature Date:

23/03/2015

Adherence Date:

09/12/2015

Expired:

No

Date Concluded:

23/03/2015

Place Concluded:

Seoul, Korea

Entry Into Force Date:

20/12/2015

NZ Entry Into Force Date:

20/12/2015

Termination Date:

Withdrawal Date:

Withdrawal Notification Date:

NZ Objections:

No

NZ Reservations:

No

NZ Declarations:

No

NZ Territorial Applications:

None

NZTS Number:

2015-10

UNTS Number:

67492

Associated Treaties:

Other References:

Parties:

South Korea

Adherence Type:

Third person note

Adherence Date:

09/12/2015

Signature Date:

23/03/2015

Entry Into Force:

20/12/2015

Contact Information:

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