Tag: All Businesswire

China’s One Belt One Road may offer best avenue

Article – BusinessDesk Aug. 18 (BusinessDesk) – New Zealand is unlikely to gain traction in its bid to upgrade its bilateral free-trade agreement with China while Asias largest economy is focused on developing its broader One Belt One Road initiative, a leading academic says.Thursday 18 August 2016 02:38 PM China’s One Belt One Road may offer best avenue for NZ trade talks, academic says By Tina Morrison Aug. 18 (BusinessDesk) – New Zealand is unlikely to gain traction in its bid to upgrade its bilateral free-trade agreement with China while Asia’s largest economy is focused on developing its broader...

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US political change may slow efforts to free up agriculture

Article – BusinessDesk May 20 (BusinessDesk) – Political change in the US may slow efforts to free up agricultural trade, impacting New Zealand which had hoped to gain better access to the world’s largest economy through the Trans-Pacific Partnership agreement, according to a US …US political change may slow efforts to free up agricultural trade, academic Bailey says By Tina Morrison May 20 (BusinessDesk) – Political change in the US may slow efforts to free up agricultural trade, impacting New Zealand which had hoped to gain better access to the world’s largest economy through the Trans-Pacific Partnership agreement, according to a US academic with links to New Zealand. US lawmakers are expected to ratify the Trans-Pacific Partnership during the so-called “lame-duck” session of Congress between the US presidential election in November and the swearing-in of a new US president early next year. However, growing US opposition over the last 10 months could see a new US president and new Congress take the country’s trade policy in a new direction from 2017, Professor Bill Bailey wrote in a note for ASB Bank titled ‘Trans Pacific Partnership: A one-hit wonder?’. Bailey was chair of agribusiness at Massey University for 13 years, a former chief economist for the US senate committee on agriculture, nutrition and forestry, and is currently dean, college of business and technology at Western Illinois University. Bailey said the...

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No reason big pharma would stop supplying medicines

Article – BusinessDesk April 26 (BusinessDesk) – Trade Minister Todd McClay says he sees no reason why big pharmaceutical firms would stop supplying new medicines in New Zealand as they have always done, despite threats from lobby group Medicines New Zealand over the governments …Tuesday 26 April 2016 01:58 PM No reason big pharma would stop supplying medicines, despite TPP threat: McClay By Fiona Rotherham April 26 (BusinessDesk) – Trade Minister Todd McClay says he sees no reason why big pharmaceutical firms would stop supplying new medicines in New Zealand as they have always done, despite threats from lobby...

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Fonterra, Zespri supportive of TPP

Article – BusinessDesk April 14 (BusinessDesk) – Fonterra Cooperative Group and Zespri International have voiced their support for the Trans-Pacific Partnership at a select committee hearing, although neither could quantify the benefit of the treaty being ratified.Thursday 14 April 2016 03:51 PM Fonterra, Zespri supportive of TPP, see long-term gains from trade pact By Sophie Boot April 14 (BusinessDesk) – Fonterra Cooperative Group and Zespri International have voiced their support for the Trans-Pacific Partnership at a select committee hearing, although neither could quantify the benefit of the treaty being ratified. Fonterra’s director of global stakeholder affairs Philip Turner told the foreign affairs, defence and trade select committee that the dairy cooperative was disappointed with the immediate outcome for its sector but sees longer-term benefits. “Although TPP falls well short of full liberalisation of dairy products, it will provide some limited new access for key traded products,” Turner said. “New Zealand exporters currently face prohibitively high tariff barriers on dairy products. Dairy exporters in New Zealand will benefit more from being within the TPP than if New Zealand remained outside it.” Turner said Japan, the US, Mexico and Canada were four of Fonterra’s top ten markets, and had a collective trade of US$2.56 billion in 2015. At the end of the transition period, New Zealand will have limited quotas to export butter and milk powder to Japan, most cheese types...

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TPP ratification in US heading for ‘lame duck’ session: Key

Article – BusinessDesk April 4 (BusinessDesk) – US lawmakers and senior officials are leaning towards the likelihood of the Trans-Pacific Partnership achieving ratification in Washington DC during the so-called “lame-duck” session of Congress expected later … TPP ratification in US heading for ‘lame duck’ session in late 2016: Key By Pattrick Smellie April 4 (BusinessDesk) – US lawmakers and senior officials are leaning towards the likelihood of the Trans-Pacific Partnership achieving ratification in Washington DC during the so-called “lame-duck” session of Congress expected later this year, Prime Minister John Key says. Speaking at his weekly press conference after returning from a swing to the American capital last week, Key said: “The on balance, considered view of the variety of agencies and people that we spoke to was that they gave it a good chance of passing, but if it was going to pass, it would pass in the lame duck period.” However, it remained unknown whether the numbers to pass TPP legislation would be achieved, he said. The lame duck sitting, which does not necessarily have to occur and which TPP opponents speculate may be stymied, would occur between the US presidential election in November and the swearing-in of a new US president early next year. The session has often in the past been a channel for passing legislation that is politically contentious with the general public but which...

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