INDEPENDENT NEWS

Hopes for CPTPP

Published: Mon 13 Nov 2017 09:50 AM
Hopes for CPTPP
BusinessNZ has welcomed progress towards the new Trans Pacific Partnership, now CPTPP.
BusinessNZ Chief Executive Kirk Hope says a successful conclusion to negotiations would mean new income and jobs in New Zealand.
"The value and volume of our exports increase enormously in countries where we reach a free trade agreement, and every extra billion dollars in exports equates to 8,500 new jobs.
"But New Zealand has not yet achieved many trade agreements - only 8, with 16 countries, far fewer than many other comparable countries have.
"The CPTPP would greatly increase this number, cutting tariffs in many more places and increasing diversity in markets, helping insulate us against any economic headwinds we may face in the future.
"New Zealand exporters are typically smaller than their global competitors and have further to go to get their goods to market. They currently find it hard to compete in markets where we don’t have trade agreements.
"A successful conclusion to the CPTPP would be a huge boost
for New Zealand’s exports."
ENDS

Next in Business, Science, and Tech

Fuel prices hit record in Wellington, South Island
By: RNZ
EU and New Zealand to start free trade talks
By: New Zealand Government
Employers told to pay minimum wage or risk prosecution
By: RNZ
More migrants head back overseas
By: Statistics New Zealand
Red Zone used to boost endangered bee population
By: New Zealand Government
Insurers spend $34 million on soft commissions
By: Financial Markets Authority
Facial recognition tech not reliable - privacy commissioner
By: RNZ
Cheesemakers have a reason to smile
By: New Zealand Government
The Achilles heel in electrifying the NZ economy
By: BusinessDesk
Air NZ to feel brunt of rising fuel prices
By: BusinessDesk
Government commits to higher fuel prices
By: New Zealand National Party
Government should axe its taxes as prices rise
By: New Zealand National Party
Report highlights risks to energy security
By: New Zealand National Party
Otago transitions from coal to wood fuel
By: Bioenergy Association
Fuel taxes prompt call for better use of public transport
By: Nexgen
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media