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Korea, Republic of - New Zealand FTA (2015)
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(4) This is without prejudice as to the methodology used to determine the value of such investment or property under Parties' respective domestic laws.
(5) The Parties understand that this paragraph must be interpreted by reference to the footnote to Article XIV(d) of GATS as if the Article was not restricted to services or direct taxes. 

Article 20.6. Treaty of Waitangi

1. Provided that such measures are not used as a means of arbitrary or unjustified discrimination against persons of the other Party or as a disguised restriction on trade in goods and services, nothing in this Agreement shall preclude the adoption by New Zealand of measures it deems necessary to accord more favourable treatment to Maori in respect of matters covered by this Agreement including in fulfilment of its obligations under the Treaty of Waitangi.
2. The Parties agree that the interpretation of the Treaty of Waitangi, including as to the nature of the rights and obligations arising under it, shall not be subject to the dispute settlement provisions of this Agreement. Chapter 19 (Dispute Settlement) shall otherwise apply to this Article. An arbitration panel established under Article 19.8 (Establishment of an Arbitration Panel) may be requested by Korea to determine only whether any measure referred to in paragraph 1 is inconsistent with its rights under this Agreement.

Article 20.7. Disclosure of Information

Nothing in this Agreement shall be construed to require either Party to furnish or allow access to information the disclosure of which it considers would:
(a) be contrary to the public interest as determined by its domestic laws;
(b) be contrary to any of its domestic laws, including but not limited to those protecting personal privacy or the financial affairs and accounts of individual customers of financial institutions;
(c) impede law enforcement; or
(d) prejudice legitimate commercial interests of particular enterprises, public or private.

Article 20.8. Confidentiality

Where a Party provides information to the other Party in accordance with this Agreement and designates the information as confidential, the Party receiving the information shall maintain the confidentiality of the information. The information shall be used only for the purposes specified by the Party providing the information. It shall not be disclosed without the specific written permission of the Party providing the information, except to the extent that the disclosure or use is necessary to comply with the domestic legal requirements of the receiving Party, including for the purposes of judicial proceedings.

Chapter 21. Final Provisions

Article 21.1. Annexes, Appendices, and Footnotes

The Annexes, Appendices, and footnotes to this Agreement shall constitute an integral part of this Agreement.

Article 21.2. Entry Into Force

This Agreement shall enter into force 30 days after the date the Parties exchange written notifications certifying that they have completed their respective applicable legal requirements and procedures, or on such other date as the Parties may agree in writing.

Article 21.3. Termination

1. This Agreement shall terminate 180 days after the date that either Party notifies the other Party in writing that it wishes to terminate the Agreement.
2. Within 30 days of the delivery of a notification under paragraph 1, either Party may make a written request to the other Party to enter into consultations regarding whether any provision of this Agreement should terminate on a date later than that provided under paragraph 1. The consultations shall begin no later than 30 days after the Party delivers its request. If no agreement is reached within 180 days of the delivery of notification under paragraph 1, this Agreement shall terminate.

Article 21.4. Amendments

1. The Parties may agree, in writing, to amend this Agreement. An amendment shall enter into force after the Parties exchange written notifications certifying that they have completed their respective applicable legal requirements and procedures, on such date as the Parties may agree.
2. Unless otherwise provided in this Agreement, if any provision of the WTO Agreement or any other international agreement to which both Parties are party that is incorporated into or referred to in this Agreement is amended, the Parties shall consult on whether to amend this Agreement.

Article 21.5. Accession

This Agreement is open to accession or association, on terms to be agreed between the Parties, by any member of the WTO, or by any other State or separate customs territory.

Article 21.6. Authentic Texts

The English and Korean texts of this Agreement are equally authentic.

Conclusion

IN WITNESS WHEREOF, the undersigned, being duly authorised by their respective Governments, have signed this Agreement. DONE in duplicate at _______________on this _________ day of ___________20 in the English and Korean languages. For the Government of New Zealand: For the Government of the Republic of Korea:

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  • Chapter   1 Initial Provisions and Definitions 1
  • Article   1.1 Establishment of the Free Trade Area 1
  • Article   1.2 Relation to other Agreements 1
  • Article   1.3 Extent of Obligations 1
  • Article   1.4 Audio-visual Co-production 1
  • Article   1.5 Definitions 1
  • Chapter   2 Market Access for Goods 1
  • Article   2.1 Definitions 1
  • Article   2.2 Scope and Coverage 1
  • Section   A National Treatment 1
  • Article   2.3 National Treatment 1
  • Section   B Elimination of Customs Duties 1
  • Article   2.4 Elimination of Customs Duties 1
  • Article   2.5 Temporary Admission of Goods 1
  • Article   2.6 Goods Re-entered after Repair or Alteration 1
  • Article   2.7 Duty-free Entry of Commercial Samples of Negligible Value and Printed Advertising Materials 1
  • Article   2.8 Import and Export Restrictions 1
  • Article   2.9 Non-tariff Measures 1
  • Article   2.10 Import Licensing 1
  • Article   2.11 Administrative Fees and Formalities 1
  • Article   2.12 Export Duties, Taxes, or other Charges 1
  • Section   E Administration and Implementation of Tariff-Rate Quotas 1
  • Article   2.13 Administration and Implementation of Tariff-rate Quotas 1
  • Section   F Agricultural Safeguard Measures 1
  • Article   2.14 Agricultural Safeguard Measures 1
  • Section   G Institutional Provisions 1
  • Article   2.15 Committee on Trade In Goods 1
  • Article   2.16 Contact Points and Consultations 1
  • Chapter   3 Rules of Origin and Origin Procedures 1
  • Section   A Rules of Origin 1
  • Article   3.1 Definitions 1
  • Article   3.2 Originating Goods 1
  • Article   3.3 Wholly Obtained or Produced Goods 1
  • Article   3.4 Regional Value Content 1
  • Article   3.5 Value of Materials 1
  • Article   3.6 Accumulation 1
  • Article   3.7 De Minimis 1
  • Article   3.8 Identical and Interchangeable Goods and Materials 1
  • Article   3.9 Accessories, Spare Parts, Tools and Instructional or Information Material 1
  • Article   3.10 Packaging Materials and Containers for Retail Sale 1
  • Article   3.11 Packing Materials and Containers for Transportation and Shipment 1
  • Article   3.12 Preferential Tariff Treatment 1
  • Article   3.13 Indirect Materials 1
  • Article   3.14 Non-qualifying Operations and Processes 1
  • Article   3.15 Outward Processing Zones on the Korean Peninsula 1
  • Article   3.16 Direct Transport 1
  • Article   3.17 Compliance 1
  • Section   B Operational Procedures 1
  • Article   3.18 Claims for Preferential Tariff Treatment 1
  • Article   3.19 Evidence of Origin 1
  • Article   3.20 Waiver of an Origin Declaration 1
  • Article   3.21 Discrepancies and Formal Errors 1
  • Article   3.22 Record Keeping Requirements 1
  • Article   3.23 Obligations Regarding Exportation 1
  • Article   3.24 Origin Verification 1
  • Article   3.25 Denial of Preferential Tariff Treatment 1
  • Article   3.26 Direct Transport -compliance 1
  • Article   3.27 Third-party Invoicing 1
  • Chapter   4 Customs Procedures and Trade Facilitation 1
  • Article   4.1 Scope and Objectives 1
  • Article   4.2 Definitions 1
  • Article   4.3 Transparency and Enquiry Points 1
  • Article   4.4 Facilitation and Harmonisation 1
  • Article   4.5 Use of Automated Systems 1
  • Article   4.6 Risk Management 1
  • Article   4.7 Release of Goods 1
  • Article   4.8 Express Consignments 1
  • Article   4.9 Advance Rulings 1
  • Article   4.10 Review and Appeal 1
  • Article   4.11 Customs Co-operation 1
  • Article   4.12 Bilateral Customs Consultation 1
  • Article   4.13 Confidentiality 1
  • Article   4.14 Customs Committee 1
  • Article   4.15 Customs Valuation 2
  • Article   4.16 Tariff Classification 2
  • Chapter   5 Sanitary and Phytosanitary Measures 2
  • Article   5.1 Objectives 2
  • Article   5.2 Scope 2
  • Article   5.3 Rights and Obligations 2
  • Article   5.4 Committee on Sanitary and Phytosanitary Matters 2
  • Article   5.5 Sanitary and Phytosanitary Contact Points 2
  • Article   5.6 Dispute Settlement 2
  • Chapter   6 Technical Barriers to Trade 2
  • Article   6.1 Objectives 2
  • Article   6.2 Definitions 2
  • Article   6.3 Scope and Coverage 2
  • Article   6.4 Rights and Obligations 2
  • Article   6.5 International Standards 2
  • Article   6.6 Equivalence of Technical Regulations 2
  • Article   6.7 Conformity Assessment Procedures 2
  • Article   6.8 Joint Co-operation 2
  • Article   6.9 Transparency 2
  • Article   6.10 Committee on Technical Barriers to Trade 2
  • Article   6.11 Information Exchange 2
  • Article   6.12 Annexes and Implementing Arrangements 2
  • Chapter   7 Trade Remedies 2
  • Article   7.1 Definitions 2
  • Article   7.2 Application of a Bilateral Safeguard Measure 2
  • Article   7.3 Conditions and Limitations 2
  • Article   7.4 Provisional Bilateral Safeguard Measure 2
  • Article   7.5 Compensation 2
  • Article   7.6 Global Safeguard Measures 2
  • Article   7.7 Anti-dumping and Countervailing Measures 2
  • Article   7.8 Notification and Consultations 2
  • Article   7.9 Undertakings 2
  • Chapter   8 Cross-border Trade In Services 2
  • Article   8.1 Objectives 2
  • Article   8.2 Definitions 2
  • Article   8.3 Scope 2
  • Article   8.4 National Treatment 2
  • Article   8.5 Most-favoured-nation Treatment 2
  • Article   8.6 Market Access 2
  • Article   8.7 Local Presence 2
  • Article   8.8 Non-conforming Measures 2
  • Article   8.9 Subsidies 2
  • Article   8.10 Domestic Regulation 2
  • Article   8.11 Recognition (3) 2
  • Article   8.12 Education Co-operation 2
  • Article   8.13 Payments and Transfers 2
  • Article   8.14 Denial of Benefits 2
  • Article   8.15 Committee on Services 2
  • Article   8.16 Work Programme on Financial Services 2
  • Article   8.17 Telecommunication Services 2
  • Chapter   9 Temporary Entry of Business Persons 2
  • Article   9.1 Objectives 2
  • Article   9.2 Definitions 2
  • Article   9.3 Scope 2
  • Article   9.4 Grant of Temporary Entry 2
  • Article   9.5 Transparency 2
  • Article   9.6 Expeditious Application Procedures 2
  • Article   9.7 Dispute Settlement 2
  • Article   9.8 Relation to other Chapters 2
  • Chapter   10 Investment 2
  • Article   10.1 Objectives 2
  • Article   10.2 Definitions 2
  • Section   A Investment 2
  • Article   10.3 Scope 2
  • Article   10.4 Relation to other Chapters 2
  • Article   10.5 National Treatment 2
  • Article   10.6 Most-favoured-nation Treatment 2
  • Article   10.7 Minimum Standard of Treatment (5) 2
  • Article   10.8 Treatment In Case of Armed Conflict or Civil Strife 2
  • Article   10.9 Expropriation and Compensation (7) 2
  • Article   10.10 Transfers 2
  • Article   10.11 Performance Requirements 3
  • Article   10.12 Senior Management and Boards of Directors 3
  • Article   10.13 Investment and Environment 3
  • Article   10.14 Denial of Benefits 3
  • Article   10.15 Non-conforming Measures 3
  • Article   10.16 Special Formalities and Information Requirements 3
  • Article   10.17 Subrogation 3
  • Section   B Investor State Dispute Settlement 3
  • Article   10.18 Settlement of Investment Disputes between a Party and an Investor of the other Party 3
  • Article   10.19 Consultation and Negotiation 3
  • Article   10.20 Submission of a Claim to Arbitration 3
  • Article   10.21 Consent of Each Party to Arbitration 3
  • Article   10.22 Conditions and Limitations on Consent of Each Party 3
  • Article   10.23 Selection of Arbitrators 3
  • Article   10.24 Place of Arbitration 3
  • Article   10.25 Interpretation of Agreement 3
  • Article   10.26 Conduct of the Arbitration 3
  • Article   10.27 Transparency of Arbitral Proceedings 3
  • Article   10.28 Governing Law 3
  • Article   10.29 Consolidation 3
  • Article   10.30 Awards 3
  • Article   10.31 Service of Documents 3
  • Annex 10-A  CUSTOMARY INTERNATIONAL LAW 3
  • Annex 10-B  EXPROPRIATION 3
  • Annex 10-C  SUBMISSION OF A CLAIM TO ARBITRATION 3
  • Annex 10-D  SERVICE OF DOCUMENTS ON A PARTY UNDER SECTION B 3
  • Annex 10-E  TAXATION AND EXPROPRIATION 3
  • Chapter   11 Intellectual Property Rights 3
  • Article   11.1 Definitions 3
  • Article   11.2 Basic Principles 3
  • Article   11.3 General Provisions 3
  • Article   11.4 Trademarks 3
  • Article   11.5 Copyright and Related Rights 3
  • Article   11.6 Enforcement 3
  • Article   11.7 Contact Points 3
  • Article   11.8 Exchange of Information 3
  • Article   11.9 Co-operation 3
  • Article   11.10 Genetic Resources, Traditional Knowledge and Folklore 3
  • Article   11.11 Consultations 3
  • Chapter   12 Competition and Consumer Policy 3
  • Article   12.1 Objectives 3
  • Article   12.2 Definitions 3
  • Article   12.3 Implementation 3
  • Article   12.4 Co-operation 3
  • Article   12.5 Notification 3
  • Article   12.6 Consultations and Exchange of Information 3
  • Article   12.7 Technical Co-operation 3
  • Article   12.8 Contact Points 3
  • Article   12.9 Cross-border Consumer Protection 3
  • Article   12.10 Dispute Settlement 3
  • Chapter   13 Government Procurement 3
  • Article   13.1 General Provisions and Objectives 3
  • Article   13.2 Definitions 3
  • Article   13.3 Scope and Coverage 3
  • Article   13.4 General Principles 3
  • Article   13.5 Exceptions to the Chapter 3
  • Article   13.6 Disclosure of Information 3
  • Article   13.7 Publication of Information on Procurement Measures 4
  • Article   13.8 Qualification of Suppliers 4
  • Article   13.9 Conditions for Participation 4
  • Article   13.10 Limited Tendering 4
  • Article   13.11 Notices 4
  • Article   13.12 Time-periods 4
  • Article   13.13 Technical Specifications 4
  • Article   13.14 Tender Documentation 4
  • Article   13.15 Treatment of Tenders and Awarding of Contracts 4
  • Article   13.16 Post-award Information 4
  • Article   13.17 Domestic Review of Supplier Complaints 4
  • Article   13.18 Use of Electronic Communications In Procurement 4
  • Article   13.19 Amendments, Modifications and Rectifications of Annex 4
  • Chapter   14 Agriculture, Forestry and Fisheries Co-operation 4
  • Article   14.1 Objectives 4
  • Article   14.2 Scope 4
  • Article   14.3 Co-operative Activities 4
  • Article   14.4 Agriculture 4
  • Article   14.5 Forestry 4
  • Article   14.6 Fisheries and Aquaculture 4
  • Article   14.7 Security of Food Supply 4
  • Article   14.8 Committee on Agriculture, Forestry and Fisheries Co-operation 4
  • Article   14.9 Resources 4
  • Article   14.10 Resolution of Differences and Disputes 4
  • Chapter   15 Labour 4
  • Article   15.1 Objectives 4
  • Article   15.2 General Principles 4
  • Article   15.3 Procedural Guarantees and Public Awareness 4
  • Article   15.4 Institutional Arrangements 4
  • Article   15.5 Co-operation 4
  • Article   15.6 Consultation 4
  • Chapter   16 Environment 4
  • Article   16.1 Objectives 4
  • Article   16.2 General Principles 4
  • Article   16.3 Multilateral Environmental Agreements 4
  • Article   16.4 Trade Favouring Environment 4
  • Article   16.5 Transparency 4
  • Article   166 Review of Environmental Impacts 4
  • Article   167 Institutional Arrangements 4
  • Article   16.8 Co-operation 4
  • Chapter   17 Transparency 4
  • Article   17.1 Definitions 4
  • Article   17.2 Publication 4
  • Article   17.3 Review and Appeal 4
  • Article   17.4 Administrative Proceedings 4
  • Article   175 Notification and Provision of Information 4
  • Chapter   18 Institutional Provisions 4
  • Article   18.1 Establishment of the Joint Commission 4
  • Article   18.2 Functions of the Joint Commission 4
  • Article   18.3 Meetings of the Joint Commission 4
  • Article   18.4 Contact Points 4
  • Chapter   19 Dispute Settlement 4
  • Article   19.1 Objectives 4
  • Article   19.2 Definitions 4
  • Article   19.3 Scope 4
  • Article   19.4 Choice of Forum 4
  • Article   19.5 Rules of Interpretation 4
  • Article   19.6 Consultations 4
  • Article   19.7 Goods Offices, Conciliation or Mediation 4
  • Article   19.8 Establishment of an Arbitration Panel 4
  • Article   19.9 Functions of Arbitration Panels 4
  • Article   19.10 Rules of Procedure 4
  • Article   19.11 Reports of the Arbitration Panel 4
  • Article   19.12 Suspension and Termination of Proceedings 4
  • Article   19.13 Implementation 4
  • Article   19.14 Compliance Within Reasonable Period of Time 4
  • Article   19.15 Compensation and Suspension of Benefits In Case of Non-compliance 4
  • Article   19.16 Review 4
  • Article   19.17 Expenses 4
  • Chapter   20 General Provisions and Exceptions 4
  • Article   20.1 General Exceptions 4
  • Article   20.2 Security Exceptions 4
  • Article   20.3 Measures to Safeguard the Balance of Payments 4
  • Article   20.4 Prudential Measures 4
  • Article   20.5 Taxation Exception 4
  • Article   20.6 Treaty of Waitangi 5
  • Article   20.7 Disclosure of Information 5
  • Article   20.8 Confidentiality 5
  • Chapter   21 Final Provisions 5
  • Article   21.1 Annexes, Appendices, and Footnotes 5
  • Article   21.2 Entry Into Force 5
  • Article   21.3 Termination 5
  • Article   21.4 Amendments 5
  • Article   21.5 Accession 5
  • Article   21.6 Authentic Texts 5
    • Name
    Korea, Republic of - New Zealand FTA (2015)
    PDF Link
    Korea, Republic of - New Zealand FTA (2015)
    Signed date
    23 / Mar / 2015
    Date into force
    20 / Dec / 2015
    Treaty type
    Other International Investment Agreements
    Origin language
    en
    Party ISO codes
    KOR,NZL
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