The Closer Economic Relations agreement between New Zealand and Australia is designed to ensure both Australia and New Zealand can exercise their own comparative advantage.

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The Closer Economic Relations agreement (CER) between New Zealand and Australia was established in 1983 to facilitate greater trade and economic integration between the two countries. One of the objectives of CER is to ensure that both countries can exercise their own comparative advantage in the production of goods and services, which can then be traded freely between the two countries without the barriers of tariffs and quotas.

The Closer Economic Relations Agreement Between New Zealand and Australia