Article Abstract:
New Zealand already has one of the world's most open economies but it plans to slash its few remaining tariffs still further from 1996 to 2000. That will leave only a few industries with tariffs over 5%, a move the government says will help spur the economy still further; GDP grew 6.1% in the year to June 1994. The new cuts will take place in four equal yearly phases, save that existing tariffs of 5% or less will be phased out in two years. Remarkably little opposition greeted the news, despite outcries only a year earlier.
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Article Abstract:
Air New Zealand Ltd officials are wary of Australian Prime Minister Paul Keating's proposal to create a single aviation market in Australasia. Under the proposed scheme, airlines of each country would be allowed to carry passengers between airports of the other country and their final destination. However, Air New Zealand does not relish the idea of operating in Australia. A single aviation market would also affect the airline's operations along the Tasman Sea route.
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Article Abstract:
Australia and New Zealand have been negotiating the liberalization of their aviation industries and the establishment of a bilateral agreement allowing bilateral flights whereby each country's airlines could pick up passengers bound for other countries. With the freeing of aviation, free trade in services between the two countries would be realized. There already exists free product trade between the two.
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