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Single Economic Market (SEM)

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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:

  1. a single regulatory framework for patent attorneys
  2. a single trade mark regime.
  3. a single application and examination process for patents
  4. a single plant variety right regime.

 

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