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Austrade chief economist Tim Harcourt believes Australia and New Zealand may become one market in the near future, if the two federal governments can agree on a single legal and tax system. “Harmonisation of the legal and tax systems will help reduce costs and improve trade inefficiencies,” he said. “Closer Economic Relations (CER) between Australia [...]
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A survey conducted by freight integrator DHL reveals that 57 percent of exporters believe harmonisation of regulatory and tax laws would have the greatest impact on reducing Trans-Tasman trade barriers. Only 28 percent said a single currency would achieve the same effect. Although plenty Australian businesses export to New Zealand, 69 percent say more could [...]
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