Media Statement
29 September 2003
First round of P3 negotiations go well
The first round of negotiations for the proposed "P3" trade agreement have gone well, Trade Negotiations Minister Jim
Sutton said today.
The first round of negotiations towards the Pacific Three or "P3" closer economic partnership, linking New Zealand,
Chile, and Singapore, took place in Singapore last week. The aim is to conclude a high quality, comprehensive trilateral
agreement that will contribute positively to economic liberalisation and cooperation within the Asia-Pacific region.
Mr Sutton said it was clear that there is strong commitment among the P3 partners ? New Zealand, Singapore and Chile ?
to make the CEP agreement a benchmark for the region.
"The first round of discussions in Singapore covered all areas of interest to New Zealand and provided an excellent
start to the negotiations."
Mr Sutton said that he was looking forward to discussing the process with ministerial colleagues from Chile and
Singapore at the APEC trade ministers meeting next month.
New Zealand's negotiating team in Singapore included officials from the Foreign Affairs and Trade Ministry, Economic
Development Ministry, Agriculture and Forestry Ministry, the Treasury, the Customs Service, the Labour Department, and
the Environment Ministry.
Chile is scheduled to host the second round of talks in November.
ENDS