Tag: BusinessDesk

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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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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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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China, India show their hands on investor access

Article – BusinessDesk April 21 (BusinessDesk) – New Zealand trade officials have seen offers on terms for investment access for the first time from a number of Asian nations, including China, in negotiations for the Regional Comprehensive Economic Partnership (RCEP).China, India show their hands on investor access in RCEP trade talks By Paul McBeth April 21 (BusinessDesk) – New Zealand trade officials have seen offers on terms for investment access for the first time from a number of Asian nations, including China, in negotiations for the Regional Comprehensive Economic Partnership (RCEP). The 12th round of negotiations on RCEP, seen as a China-backed counterweight to the US-backed Trans-Pacific Partnership, is set for this week. Trade officials from New Zealand, Australia, China, India, South Korea, Japan, Brunei Darussalam, Cambodia, Indonesia, Lao PDR, Malaysia, Myanmar, the Philippines, Singapore, Thailand and Vietnam are meeting in Perth for the negotiation round on a deal which, like the more advanced but controversial TPP pact, would extend beyond simple tariff and quota measures and into agreed rules on investment. New Zealand already has existing free trade relationships with the Association of South-East Asian Nations (ASEAN) , Australia, China, Korea and Japan, and has been trying without success so far to secure a bilateral deal with India. A Ministry of Foreign Affairs and Trade spokesman told a briefing in Wellington that the RCEP can help secure a...

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