What major bilateral free trade agreement was signed between New Zealand and Australia in March 1983?
Answer and explanation
Correct answer: A. The Closer Economic Relations (CER) agreement
- Step 1: The Australia-New Zealand Closer Economic Relations Trade Agreement (ANZCERTA or CER) is recognized by the WTO as one of the world's most full free trade agreements. Step 2. It eliminated all bilateral tariffs, allowed free trade in services, and harmonized commercial regulations. Answer: The Closer Economic Relations (CER) agreement. Why not the others: It transformed trans-Tasman economic integration.
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