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.
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 – find out more about the Trans-Tasman patent attorney regime on the Ministry of Business, Innovation & Employment (MBIE) website
- a single trade mark regime
- a single application and examination process for patents
- a single plant variety rights regime.
On 13 July 2016, Parliament’s Commerce Select Committee reported back to the House on the Trans-Tasman Patent Attorneys Amendment Bill, recommending amending the Bill to remove the single application and examination processes for patents. The Bill is awaiting its second reading.
- A single Patent Examination Process for Australia and New Zealand: Fact Sheet [43 kB PDF]
- Read the joint statement by Prime Ministers Key and Gillard
State Intellectual Property Office of the People’s Republic of China (SIPO) – IPONZ bilateral arrangement
IPONZ and SIPO signed an arrangement to strengthen cooperation on operational intellectual property matters in 2014. The arrangement provides a platform for collaboration including sharing operational practices and IP awareness information to help businesses trading in both countries.
Both IPONZ and SIPO agree that, while the offices differ in size, they face similar operational issues and share mutual interest in raising IP awareness and contributing to international patent systems discussions.