INDEPENDENT NEWS

WTO E-commerce Win Benefits Kiwi Exporters

Published: Tue 5 Mar 2024 05:12 PM
Kiwi businesses including our gaming industry will continue to benefit from an agreement to ban customs duties on digital trade, Trade Minister Todd McClay says.
Mr McClay was Vice Chair at the WTO 13th Ministerial Conference in Abu Dhabi last week, where he was also responsible for the e-commerce negotiations.
“Getting a two-year extension to the e-commerce moratorium across the line gives New Zealand businesses, especially small and medium sized exporters, predictability, certainty, and transparency. Agreement was reached against significant opposition just before midnight on Friday which is excellent news for our business sector,” Mr McClay says.
“The WTO’s 166 members also committed to strengthening the rules-based trade system our exporters rely on, and accelerating progress towards restoring functioning disputes settlement by the end of the year.”
Progress made on fisheries subsidies reform lays the groundwork for conclusion at the next WTO meeting.
“We continue to work alongside our Pacific partners to secure rules that support healthy oceans and help level the playing field for our unsubsidised and sustainable fisheries sectors. In particular, I would like to recognise the Deputy Prime Minister of Fiji Manoa Kamikamica for his significant contribution to this negotiation,” Mr McClay says.
Mr McClay held bilateral meetings with 14 countries, including the United Arab Emirates (UAE), China, the European Union, India, the United Kingdom, the United States, Colombia, Brazil, and Saudi Arabia.
“I thank WTO Ministerial Conference hosts, the UAE, and Meeting Chair UAE Trade Minister Dr Thani bin Ahmed Al Zeyoudi.”
Information on WTO MC13 outcomes is available at https://bit.ly/3Ioarcc

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