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

Mycoplasma bovis eradication is making substantial progress
By: New Zealand Government
Man arrested for human trafficking and slavery
By: Immigration NZ
Rocket Lab successfully launches NASA CubeSats to orbit
By: Rocket Lab
Celebrity kiwi released into the wild
By: RNZ
PM's Post-Cab 17/12/18: Chief Justice, M Bovis
By: The Scoop Team
Federated Farmers cautiously optimistic on M.bovis plan
By: Federated Farmers
New NAIT compliance officers in the field
By: NAIT
Darker side emerging of exploitation of migrant workers
By: First Union
Reducing the exploitation of migrant workers
By: First Union
New plan to save kiwi in the wild
By: New Zealand Government
Takahē pair released at Rotoroa Island
By: Rotoroa Island
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media