Single Economic Market (SEM)
Under the Single Economic Market concept, the New Zealand and Australian Governments are intensifying efforts to remove regulatory barriers to firms operating in both markets. The aim is to create a more seamless trans-Tasman business environment.
The major work areas for the Single Economic Market were updated in February 2011 are listed on the Trans-Tasman Outcomes Implementation Group website.
The New Zealand and Australian Governments are working together, via the Trans-Tasman Outcomes Implementation Group (TTOIG) to introduce the following Trans-Tasman processes:
- a single regulatory framework for patent attorneys
- a single trade mark regime.
- a single application and examination process for patents
- a single plant variety right regime.