INDEPENDENT NEWS

Budget strengthens trade effort

Published: Tue 8 May 2018 06:49 PM
Our ability to negotiate the best trade deals in the interests of all New Zealanders will be strengthened by a significant funding boost for the Ministry of Foreign Affairs and Trade, Trade and Export Growth Minister David Parker said.
“This is an investment in the jobs and businesses that rely on exports. Facing threats of increasing barriers, New Zealand needs to fight harder than ever for open and free trade,” David Parker said.
Economists at MFAT estimate more than 620,000 workers, one in four, derive their livelihoods from exports.
“Those exports ensure we can earn the income that allows us to import the medicines, cell phones and vehicles that we do not make at home,” David Parker said.
But a rise in protectionist sentiment around the world and recent talk of trade wars make it more important than ever that New Zealand’s independent voice is heard and its diplomatic and negotiating presence is enhanced.
“It will also mean more resources to help us uphold existing rules in the WTO and work directly with our free trade partners.”
Foreign Affairs Minister Winston Peters has announced an operating expenditure increase of $150.4 million over the next four years, and an additional $40.3 million in capital expenditure. That will allow for an additional 50 foreign policy positions and the reopening of an embassy in Stockholm, Sweden.
The Government has an extensive negotiating agenda which requires more resources to deliver the best results for New Zealanders.
That includes the Regional Comprehensive Economic Partnership, involving 16 countries with a total GDP of US $23 trillion, the Pacific Alliance trade bloc of Mexico, Peru, Chile and Colombia and making the case for a deal with the Mercosur free trade grouping of Brazil, Argentina, Paraguay and Uruguay.
It is also hoped negotiations will start soon with the EU, which is our top trade priority.
At the same time we will be implementing – and possibly expanding – the Comprehensive and Progressive Agreement for Trans-Pacific Partnership.
“The Government has launched its progressive Trade for All agenda that recognises trade must benefit all, including small businesses, women and indigenous groups.
“Having an adequately-resourced ministry at home and internationally will contribute to the well-being of all New Zealanders,” David Parker said.

Next in New Zealand politics

Government announces new red zone payment
By: New Zealand Government
Gordon Campbell on MPs pay and the REAL p.c. danger zone
By: Gordon Campbell
Emotional day as remains of NZ service people return home
By: New Zealand Government
Commissioner details allocation of 1800 police
By: New Zealand Police
Concern for those in aged care facilities without consent
By: Human Rights Commission
Green leadership stands firm on waka jumping bill at AGM
By: RNZ
New Leadership for The Opportunities Party
By: The Opportunities Party
Gordon Campbell on another reason to loathe HR departments
By: Gordon Campbell
Red Zone payment creates risk for Crown
By: New Zealand National Party
Human Rights Commission backs red zone property offer
By: Human Rights Commission
Red zone bailout is disgraceful
By: New Zealand Taxpayers' Union
PM's Press Conference 20/8/18: MP Pay, Nauru, Antarctica
By: The Scoop Team
MP pay frozen and fairer system for increases developed
By: New Zealand Government
Performance pay for chief executives ended
By: New Zealand Government
Green Party backs pay freeze for MPs
By: Green Party
View as: DESKTOP | MOBILEWe're in BETA! Send Feedback © Scoop Media