ANNOUNCEMENT 02 Sep 2021

On 2 September 2021, the New Zealand Customs Service granted general tariff concessions on PTFE tape and Fire Resistant Timber to Group 1-S.

NUMBER OF INTERVENTIONS

1

  • 0 harmful
  • 0 neutral
  • 1 liberalising

SOURCE

New Zealand Customs Service, Tariff Concession Notices, “Tariff Concession Approval Notice No. 2021/34." Available at:
https://www.customs.govt.nz/globalassets/documents/tariff-concession-notices/tariff-concession-approval-notice-34-2021.pdf

New Zealand Customs Service, Tariff Concession Notices, “Tariff Concession (Advertisement) Notice No. 2021/30”. Available at:
https://www.customs.govt.nz/globalassets/documents/tariff-concession-notices/tariff-concession-advertisment-notice-30-2021.pdf

Inception date: 01 Jul 2021 | Removal date: open ended

Import tariff

On 2 September 2021, the New Zealand Customs Service published the Tariff Concession Approvals, Withdrawals and Declines Notice (No. 34) 2021 granting general tariff concessions on PTFE (polytetrafluoroethylene) tape and Fire Resistant Timber to Group 1-S. The affected products were classified under the tariff subheadings 3920.99.01, and 44.07 and 44.09 respectively. With the new regulation, the affected goods now enjoy a 0% import duty. 

According to the World Trade Organization tariff download facility, the prior average tariff on tariff subheading 3920.99.01 was 3.8%. For tariff subheadings 44.07 and 44.09, all the prior average tariffs ranged between 1% and 2.5%.

Tariff concessions are generally approved for goods where no suitable alternative goods are produced locally in New Zealand. In the case of the general tariff concessions adopted in Notice (No. 34) 2021, the concessions were requested by Argus Heating Limited and Fire Protection Coatings New Zealand Limited.

The tariff concession retroactively entered into force on 1 August 2021 for tariff subheading 3920.99.01, and 1 July 2021 for tariff subheadings 44.07 and 44.09.

AFFECTED SECTORS