Final report - Strengthening trans-Tasman economic relations
30 November 2012
The year 2013 marks the 30th anniversary of the historic Closer Economic Relations (CER) agreement between Australia and New Zealand. The close relationship goes back much further, with people moving freely across the Tasman since colonial times. Integration has increased over the past three decades, with trade, investment and people movement yielding benefits for both countries.
The Prime Ministers requested that the two Productivity Commissions jointly conduct a ‘scoping study’ to identify further initiatives to strengthen the trans-Tasman economic relationship and improve economic outcomes. The Commissions were asked to identify initiatives where joint net benefits would be highest and how they might best be implemented, noting any potentially significant transition and adjustment costs.