By Adeline Teoh · 5 May 2009 · Locked
A proposed single market between Australia and New Zealand could be on the horizon, but will the two governments be able to agree on a unified system? The fate of this ambitious plan hangs in the balance.
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 […]