Tag: Business New Zealand

Business supports TPP

Press Release – Business New Zealand Business and export groups have written to the Prime Minister in support of the Trans Pacific Partnership. The 28 groups, representing most of the private sector in New Zealand, say our economic growth would be under threat if we were not part …2 February 2016 Business supports TPP Business and export groups have written to the Prime Minister in support of the Trans Pacific Partnership. The 28 groups, representing most of the private sector in New Zealand, say our economic growth would be under threat if we were not part of TPP. BusinessNZ Chief Executive Kirk Hope says there is widespread support for TPP among business. “Business understands that being part of TPP will enable more competitiveness, higher exports, higher value jobs, and new technology and practices. “New Zealand companies will gain more opportunities for profitable trade and New Zealanders’ wealth will grow. “No trade agreement is perfect, but the Trans Pacific Partnership has achieved enormous gains for New Zealand without the need for significant policy change.” Mr Hope said the business and export groups supporting the TPP recognise that international trade is essential for New Zealand’s success. Organisations calling for support for the TPP include BusinessNZ, ExportNZ, NZ International Business Forum, Federated Farmers, EMA, Auckland, Wellington and Christchurch Chambers of Commerce, American Chamber of Commerce in NZ, Dairy Companies’ Association, Meat Industry...

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BusinessNZ says TPP a good deal for New Zealand

Press Release – Business New Zealand BusinessNZ is congratulating Trade Minister Tim Groser and Chief Negotiator David Walker on getting the best deal possible for New Zealand in the Trans Pacific Partnership. 6 October 2015 BusinessNZ says TPP a good deal for New Zealand BusinessNZ is congratulating Trade Minister Tim Groser and Chief Negotiator David Walker on getting the best deal possible for New Zealand in the Trans Pacific Partnership. Chief Executive Phil O’Reilly said the TPP deal opens New Zealand up to trading with an important group of economies. “Multilateral trade deals are the only way to go for a small country like New Zealand. We’re now assured access to an influential group of trading partners in the pivotal Pacific arena, including the US and Japan.” “This has been a hard deal to conclude with all the competing interests. Concluding these deals requires all parties to make compromises.” “While we did not get all we wanted out of dairy access, sitting on the side-lines was not an option. This trade bloc represents 40% of world GDP.” “If New Zealand wants to broaden its economic base and move away from an over-reliance on selling commodity products to the world, we needed to secure a high quality deal that gives greater market access to both goods and services exports and one that encourages investment. “We also need a good geographic...

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Large trade blocs good for NZ exports

Press Release – Business New Zealand The Governments Business Growth Agenda on trade has been updated, with a focus on completing the Trans Pacific Partnership, achieving a free trade agreement with the European Union, and engaging more with emerging economies in Latin and South …Media release 15 September 2015 Large trade blocs good for NZ exports New Zealand’s refreshed priorities for international trade have been welcomed by ExportNZ. The Government’s Business Growth Agenda on trade has been updated, with a focus on completing the Trans Pacific Partnership, achieving a free trade agreement with the European Union, and engaging more with emerging economies in Latin and South America. ExportNZ Executive Director Catherine Beard said exporters welcomed the continued emphasis on TPP. “The Trans Pacific Partnership is still our major opportunity for external trade. It represents around 40 percent of world GDP, so our businesses stand to benefit from greatly from equal access to those markets. “New Zealand has more to gain from TPP than most countries, because the highest tariffs always apply to primary products, which make up around two-thirds of our goods exports.” Catherine Beard said work towards a free trade agreement with the EU and increased trade with Latin and South America were similarly well focused on large markets with significant growth potential. “In the absence of international progress towards a global multilateral trade agreement, a strong focus...

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APEC to be pressed to accelerate economic intergration

Press Release – Business New Zealand Asia Pacific Business Leaders to Press APEC Leaders to Accelerate Regional Economic Integration Auckland, 14 February 2014 Achieving the Free Trade Area of the Asia Pacific (FTAAP) and strengthening connectivity and infrastructure development will …Asia Pacific Business Leaders to Press APEC Leaders to Accelerate Regional Economic Integration Auckland, 14 February 2014 – Achieving the Free Trade Area of the Asia Pacific (FTAAP) and strengthening connectivity and infrastructure development will be among the key recommendations that the APEC Business Advisory Council (ABAC) will be presenting to APEC Leaders when they meet face-to-face during the APEC Leaders’ annual summit under China’s chairmanship in November. ABAC is comprised of the Asia-Pacific region’s top business leaders appointed by their respective Leaders to provide business inputs to APEC. They have gathered in Auckland for the first of four meetings as they prepare for their dialogue in Beijing with the 21 Leaders of APEC economies. Ning Gaoning, ABAC Chair for 2014 said that deepening regional economic integration will underpin ABAC recommendations. Regional economic integration, the ultimate goal of APEC, has been credited for the phenomenal growth and prosperity of the Asia Pacific region over the last two decades. He said that APEC governments set policies to promote economic integration but it is the business sector that ultimately puts this into action. “It is important that we provide the business...

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