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EU - New Zealand FTA (2023)
Categories

CY

CZ

DE

DK

EE

EL

ES

The following abbreviations are used in the list of reservations below:

Union, including the Member States

Austria

Belgium

Bulgaria

Cyprus

Czechia

Germany

Denmark

Estonia

Greece

Spain

EU/NZ/Annex 10-B/en 9

FI

FR

LT

LU

LV

MT

PL

Finland

France

Croatia

Hungary

Treland

Italy

Lithuania

Luxembourg

Latvia

Malta

The Netherlands

Poland

EU/NZ/Annex 10-B/en 10

PT

RO

SE

SI

SK

Portugal

Romania

Sweden

Slovenia

Slovak Republic

EU/NZ/Annex 10-B/en 11

Schedule of the Union

Reservation No. 1 — All sectors

Reservation No. 2 — Professional services — other than health-related services

Reservation No. 3 — Professional services — health-related and retail of pharmaceuticals

Reservation No. 4 — Business services — Research and development services

Reservation No. 5 — Business services — Real estate services

Reservation No. 6 — Business services — Rental or leasing services

Reservation No. 7 — Business services — Collection agency services and credit reporting services

Reservation No. 8 — Business services — Placement services

Reservation No. 9 — Business services — Security and investigation services

Reservation No. 10 — Business services — Other business services

Reservation No. 11 — Telecommunication

EU/NZ/Annex 10-B/en 12

Reservation No.

Reservation No.

Reservation No.

Reservation No.

Reservation No.

Reservation No.

Reservation No.

Reservation No.

Reservation No.

Reservation No.

Reservation No.

Reservation No.

12 — Construction

13 — Distribution services

14 — Education services

15 — Environmental services

16 — Financial services

17 — Health and social services

18 — Tourism and travel-related services

19 — Recreational, cultural and sporting services

20 — Transport services and auxiliary transport services

21 — Agriculture, fishing and water

22 — Mining and energy-related activities

23 — Other services not included elsewhere

EU/NZ/Annex 10-B/en 13

Reservation No. 1 — All sectors

Sector:

Obligations concerned:

Chapter Chapter: All Sectors

Market access

National treatment

Most-favoured-nation treatment

Senior management and boards of directors

Performance requirements

Local presence

Trade in services and investment

EU/NZ/Annex 10-B/en 14

Description:

The Union reserves the right to adopt or maintain any measure with respect to the following:

(a)

Establishment

With respect to Investment liberalisation — Market access:

The EU: Services considered as public utilities at a national or local level may be subject to

public monopolies or to exclusive rights granted to private operators.

Public utilities exist in sectors such as related scientific and technical consulting services, R&D services on social sciences and humanities, technical testing and analysis services, environmental services, health services, transport services and services auxiliary to all modes of transport. Exclusive rights with respect to such services are often granted to private operators, for instance operators with concessions from public authorities, subject to specific service obligations. Given that public utilities often also exist at the sub-central level, detailed and exhaustive sector-specific scheduling is not practical. This reservation does not apply to

telecommunications and to computer and related services.

EU/NZ/Annex 10-B/en 15

With respect to Investment liberalisation — Market access, National treatment and

Cross-border trade in services — Market access, National treatment:

In FE: Restrictions on the right for natural persons, who do not enjoy regional citizenship in Aland, and for juridical persons, to acquire and hold real property on the Aland Islands without obtaining permission from the competent authorities of the Aland Islands. Restrictions on the right of establishment and right to carry out economic activities by natural persons, who do not enjoy regional citizenship in Aland, or by any enterprise, without

obtaining permission from the competent authorities of the Aland Islands. Existing measures:

FI: Ahvenanmaan maanhankintalaki (Act on land acquisition in Aland) (3/1975), s. 2; and Ahvenanmaan itsehallintolaki (Act on the Autonomy of Aland) (1144/1991), s. 11.

With respect to Investment liberalisation — Market access, National treatment, Performance

requirements, Senior management and boards of directors: In FR: Pursuant to articles L151-1 and 153-1 sec of the financial and monetary code, foreign

investments in France in sectors listed in article R.151-3 of the financial and monetary code

are subject to prior approval from the Minister for the Economy.

EU/NZ/Annex 10-B/en 16

Existing measures:

FR: As set out in the description element as indicated above.

With respect to Investment liberalisation — National treatment, Senior management and boards of directors:

In FR: Limiting foreign participation in newly privatised companies to a variable amount, determined by the government of France on a case-by-case basis, of the equity offered to the public. For establishing in certain commercial, industrial or artisanal activities, a specific authorisation is required if the managing director is not a holder of a permanent residence permit.

With respect to Investment liberalisation — Market access:

In HU: Establishment should take a form of a limited liability company, joint-stock company

or representative office. Initial entry as a branch is not permitted except for financial services.

With respect to Investment liberalisation — Market access, National treatment:

In BG: Certain economic activities related to the exploitation or use of State or public

property are subject to concessions granted under the provisions of the Concessions Act.

EU/NZ/Annex 10-B/en 17

In commercial corporations in which the State or a municipality holds a share in the capital exceeding 50 %, any transactions for disposition of fixed assets of the corporation, to conclude any contracts for acquisition of participating interest, lease, joint activity, credit, securing of receivables, as well as incurring any obligations arising under bills of exchange, are subject to authorisation or permission by the Public Enterprises and Control Agency or other state or regional bodies, whichever is the competent authority. This reservation does not apply to mining and quarrying, which are subject to a separate reservation in the schedule of

the Union in Annex 10-A (Existing measures).

In IT: The Government may exercise certain special powers in enterprises operating in the areas of defence and national security, and in certain activities of strategic importance in the areas of energy, transport and communications. This applies to all juridical persons carrying out activities considered of strategic importance in the areas of defence and national security,

not only to privatised companies.

If there is a threat of serious injury to the essential interests of defence and national security,

the Government has the following special powers to:

(a) impose specific conditions on the purchase of shares;

(b) veto the adoption of resolutions relating to special operations such as transfers, mergers,

splitting up and changes of activity; or

EU/NZ/Annex 10-B/en 18

(c) reject the acquisition of shares, where the buyer seeks to hold a level of participation in the capital that is likely to prejudice the interests of defence and national security.

Any resolution, act or transaction (such as transfers, mergers, splitting up, change of activity or termination) relating to strategic assets in the areas of energy, transport and communications shall be notified by the concerned company to the Prime Minister's office. In particular, acquisitions by any person outside the Union that give this person control over the company shall be notified.

The Prime Minister may exercise the following special powers to:

(a) veto any resolution, act or transaction that constitutes an exceptional threat of serious

injury to the public interest in the security and operation of networks and supplies;

(b) impose specific conditions in order to guarantee the public interest; or

(c) reject an acquisition in exceptional cases of risk to the essential interests of the State.

The criteria on which to evaluate the real or exceptional threat and conditions and procedures

Document

Name
EU - New Zealand FTA (2023)
Treaty type
Other International Investment Agreements
Origin language
bg,es,cs,da,de,et,el,en,fr,ga,hr,it,lv,lt,hu,mt,nl,pl,pt,ro,sk,sl,fi,sv

Dates and parties

Signed
9 Jul 2023
Entry into force
1 May 2024
Party ISO codes
EUNZL

Files

PDF of the text Original PDF

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