INDEPENDENT NEWS

Value of working consistently towards free trade

Published: Tue 5 Nov 2019 12:56 PM
Movement in New Zealand’s Asian partnerships shows the value of consistent work towards free trade, says ExportNZ.
Executive Director Catherine Beard says the partial completion of the Regional Comprehensive Economic Partnership (RCEP) and the upgrade of the NZ-China free trade deal bring solid benefits with the promise of more.
"It’s disappointing that India is not in RCEP, as this would have delivered a massive market for New Zealand goods, but the deal is still positive for New Zealand as it helps 15 countries align on trade rules in our region.
"Easier cross-border trade for all the other RCEP countries will make it more compelling for India to join at a later date."
Catherine Beard said the upgrade of the NZ-China free trade deal showed how trade deals can be improved over time.
"The upgrade means more access for NZ’s wood and paper products and faster transport of fresh food exports like seafood into China, while both countries will be held to higher environmental standards.
"There are no changes for dairy in the upgrade, but most dairy tariffs will be gone by 2022, and tariffs on milk powder by 2025, in any case.
"Both RCEP and the NZ-China upgrade show that once you have trade rules in place they can be improved, as political opposition subsides and the benefits become apparent."
ENDS

Next in Business, Science, and Tech

Contact delivers for customers, employees and shareholders
By: Contact Energy
OceanaGold Announces Receipt Of WKP Mining Permit
By: OceanaGold
COVID-19 lockdown has widespread effects on labour market
By: Statistics New Zealand
New Research By NZ Post Shows Online Shopping Grew 105% In Alert Level 3
By: New Zealand Post
Westpac NZ Lowers Merchant Fees For Small Businesses
By: Westpac New Zealand
Million Dollar Plus Property Sales Increase 11.7% Nationally, Says REINZ
By: REINZ
Ice-olation For Antarctica New Zealand
By: Antarctica New Zealand
July House Price Index illustrates market resilience
By: QV Valuations
Queenstown Rents Experience Biggest Drop In Seven Years
By: Trade Me Property
The Quiet Earth
By: Auckland University
James Shaw says Kiwibank, not ministers should decide on investors
By: RNZ
Kiwis Confident Financial Markets Will Recover From COVID-19, Plan To Increase Investments
By: Financial Markets Authority
Warehouse Using Covid For Cover As Extensive Restructure Makes Everyone Worse Off
By: FIRST Union
Stronger Green Voice Needed Next Term To Stop More Mining On Or Under Conservation Land
By: Green Party
Unemployment Figures Don’t Tell The Full Story
By: New Zealand National Party
View as: DESKTOP | MOBILE © Scoop Media