Month: April 2016

NZ to host RCEP negotiating round in Auckland

Press Release – New Zealand Government Trade Minister Todd McClay confirmed today New Zealand will host the 13th round of the Regional Comprehensive Economic Partnership (RCEP) trade negotiation in Auckland from 12-18 June 2016. Hon Todd McClay Minister of Trade 29 April 2016 NZ to host RCEP negotiating round in Auckland Trade Minister Todd McClay confirmed today New Zealand will host the 13th round of the Regional Comprehensive Economic Partnership (RCEP) trade negotiation in Auckland from 12-18 June 2016. “RCEP aims to broaden and deepen existing Free Trade Agreements between ASEAN and six other countries, including New Zealand,” says Mr McClay. “It is important for New Zealand to play its part in these negotiations which offer us significant opportunities to increase our trade and economic links with the dynamic Asia region.” Once completed, RCEP will be the largest trading bloc in the world in terms of population. The countries participating have a total population of over 3 billion people. They also account for around 27 per cent of global trade and have a combined GDP of $US23 trillion. Critically for New Zealand, the 15 other countries cover 55 per cent of our goods export markets (in 2015) and six of our top ten trading partners. “It would not be in New Zealand’s interests to stand aside from a negotiation that covers at least 55 per cent of our merchandise...

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INZBC and NZIRI co-hosts public lectures focussing on TPP

Press Release – India NZ Business Council India New Zealand Business Council and The New Zealand India Research Institute co-hosted public lectures at Victoria University of Wellington on 21st April, 2016. These public lectures focused on Trans-Pacific Partnership and its impacts for both New Zealand …INZBC and NZIRI co-hosts public lectures focussing on TPP India New Zealand Business Council and The New Zealand India Research Institute co-hosted public lectures at Victoria University of Wellington on 21st April, 2016. These public lectures focused on Trans-Pacific Partnership and its impacts for both New Zealand and India. The first of these lectures was given by Dr Amitendu Palit from the National University of Singapore who was specially flown in to share his knowledge in the forum. The topic was ‘India, APEC (Asia-Pacific Economic Cooperation) and TPP (Trans Pacific Partnership): Navigating a Complex Landscape’. In this lecture Dr Palit described India’s trade policies in recent years to show that the “energy and robustness of India’s foreign policy has not been reflected in her trade policy”. India has been showing ambivalence with regards to APEC and more recently TPP. The TPP will certainly affect India’s export market. The RCEP (Regional Comprehensive Economic Partnership) in which a number of TPP countries are participation, could be an “answer” for India’s problems. But “early conclusion of RCEP”, he pointed out, is “difficult”. Dr Palit is an economist...

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Gordon Campbell on Trump and the Madman Theory

Column – Gordon Campbell Years ago, Richard Nixon explained to his chief adviser Bob Haldeman what has since become known as the Madman Theory of foreign policy . Gordon Campbell on Trump and the Madman Theory Years ago, Richard Nixon explained to his chief adviser Bob Haldeman what has since become known as the “Madman Theory” of foreign policy. Basically, if America’s rivals could be reminded that Nixon was an unstable, rabid anti-Communist with his finger on the nuclear trigger, Nixon reasoned, then maybe they’d be less willing to challenge the US in the world’s hot spots. Don’t push him, ‘cause he’s close to the edge. “I call it the Madman Theory, Bob. I want the North Vietnamese to believe I’ve reached the point where I might do anything to stop the war. We’ll just slip the word to them that, “for God’s sake, you know Nixon is obsessed about communism. We can’t restrain him when he’s angry—and he has his hand on the nuclear button” and Ho Chi Minh himself will be in Paris in two days begging for peace.” [1] Donald Trump looks like the latest incarnation of this theory. As President, would Trump be just ‘crazy nutty ‘or ‘crazy like a fox’? Hopefully, the world won’t be put in the position of finding out for sure. One of the problems with the Madman Theory (which BTW,...

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Todd McClay: Address to Auckland Chamber of Commerce

Speech – New Zealand Government Its a pleasure to be here today to talk to you about trade. I do so at an interesting time, for the prevailing consensus in New Zealand on trade is subject to more debate than it has been for many years. Hon Todd McClay Minister of Trade 28 April 2016 Speech Address to Auckland Chamber of Commerce It’s a pleasure to be here today to talk to you about trade. I do so at an interesting time, for the prevailing consensus in New Zealand on trade is subject to more debate than it has been for many years. There’s some irony in this. We have just completed one of the most comprehensive and valuable trade deals ever for New Zealand, with benefits in growth, exports, and jobs beyond what we’ve seen before. But it is clear that the role that our trade plays in the well-being of all our people is not well enough understood – we need to tell the story better. Because it’s a very good one. I view this as one of the key roles that I have – to better make the case with the New Zealand public of why trade openness and trade agreements are vital for the success of New Zealand business and the prosperity of New Zealanders. We say it lot, and it deserves repeating: we will...

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TPP’s biologics data protection

Article – BusinessDesk April 27 (BusinessDesk) – The Trans-Pacific Partnership’s longer data protection for biologic pharmaceutical makers will push up the cost of the fastest growing primary health treatment in the country, the Medical Association says.TPP’s biologics data protection will push up health-care costs, Medical Association says By Paul McBeth April 27 (BusinessDesk) – The Trans-Pacific Partnership’s longer data protection for biologic pharmaceutical makers will push up the cost of the fastest growing primary health treatment in the country, the Medical Association says. Biologic drugs account for more than 40 percent of new pharmaceutical products being developed and proposals...

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