Month: March 2016

Meat exporters ready to reap benefits of TPP

Press Release – New Zealand Government The Trans-Pacific Partnership (TPP) agreement eliminates all tariffs on beef into our biggest market, the United States, within five years of coming into force. Hon Todd McClay Minister of Trade 31 March 2016 Meat exporters ready to reap benefits of TPP The Trans-Pacific Partnership (TPP) agreement eliminates all tariffs on beef into our biggest market, the United States, within five years of coming into force. Trade Minister Todd McClay, speaking at the Canterbury Employers Chamber of Commerce this morning, says New Zealand exported meat products worth over $2.8 billion to TPP countries in 2015 and the gains once TPP comes into force will be significant. “Our beef into Japan currently attracts a 38.5 per cent tariff. That has made it extraordinarily hard for our exporters to compete with other countries with lower tariffs. “However the good news is that, under TPP, that tariff will reduce down to nine percent over 16 years – the lowest tariff in any free trade agreement (FTA) Japan has ever allowed on beef. “Tariffs will also be eliminated on beef into Canada within six years, and into Mexico and Peru within 10 and 11 years respectively,” says Mr McClay. Sheepmeat exporters will also see an immediate tariff reduction. “The tariffs on most sheepmeat into TPP countries will be gone immediately and all tariffs will be eliminated within eight...

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Questions and Answers – March 30

Press Release – Office of the Clerk 1. ANDREW LITTLE (Leader of the Opposition) to the Prime Minister : Does he stand by his statement with regard to multinational corporations that I suspect they are legally paying their correct amount of tax; the question is are they ethically … Questions to Ministers Tax System—Multinational Enterprises 1. ANDREW LITTLE (Leader of the Opposition) to the Prime Minister: Does he stand by his statement with regard to multinational corporations that “I suspect they are legally paying their correct amount of tax; the question is are they ethically paying the right amount of tax. It feels hard to believe that they are”? Hon BILL ENGLISH (Deputy Prime Minister) on behalf of the Prime Minister: Yes, it is unfair that some multinational companies appear to be able to structure themselves so that they avoid paying tax anywhere in the world or so that they pay minimal amounts of tax. The only lasting solution to this problem is collective global action. The good news is that the OECD is leading work on base erosion and profit shifting, and New Zealand is an active participant in that work. Andrew Little: Do all multinational companies in New Zealand comply with the OECD guidelines on multinational enterprises, which state that “enterprises should comply with both the letter and the spirit of the tax laws and regulations of...

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PM to meet economic and trade leaders in Washington

Press Release – New Zealand Government Prime Minister John Key will spend the next two days in Washington meeting with key economic and trade leaders.Rt Hon John Key Prime Minister 30 March 2016 PM to meet economic and trade leaders in Washington Prime Minister John Key will spend the next two days in Washington meeting with key economic and trade leaders. Mr Key will meet with the Federal Reserve Chair Dr Janet Yellen, US Secretary of Commerce Penny Pritzker, and US Secretary of Treasury Jack Lew. He will also address the US Chamber of Commerce. “These meetings are a good opportunity to seek their perspective on the global and US economies,” says Mr Key. “The US is a key economic partner for New Zealand so I am looking forward to discussing ways of increasing trade between our two countries, including under the Trans-Pacific Partnership (TPP). “The TPP will be New Zealand’s first free trade agreement with the US – the world’s largest economy and our third largest trading partner. “It not only provides the foundation for a significant growth in trade between New Zealand and the United States, but it will also enhance trade and economic cooperation among Asia-Pacific countries.” Mr Key is in Washington to attend the fourth and final Nuclear Security Summit on April 1. ends Content Sourced from scoop.co.nz Original...

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Goodhew: Speech to ForestWood Conference 2016

Speech – New Zealand Government It is wonderful to see such excellent industry-wide attendance at this conference. The ForestWood conference is an important event for the forestry and wood processing sectors. During this address I would like to briefly outline some of my priorities …Jo Goodhew 29 MARCH, 2016 Speech to ForestWood Conference 2016 Government’s Priorities for the New Zealand Forestry Sector [Slide 1 – title slide] E āku rangatira, tēnā koutou katoa. Ka nui te honore ki te mihi ki a koutou. Good morning. Thank you to (Dr) James (Buwalda) for the introduction, I am delighted to be here today. I would also like to thank the New Zealand Forest Owners Association (FOA) for the invitation to present, as well as to the other conference organisers: • Woodco • Wood Processors and Manufacturers Association (WPMA) • Forest Industry Contractors Association (FICA). I would also like to acknowledge the international speakers: • Russell Taylor • Doug McKalip • Annette Cotter • Ben Gunneberg • Adam Beaumont It is wonderful to see such excellent industry-wide attendance at this conference. The ForestWood conference is an important event for the forestry and wood processing sectors. During this address I would like to briefly outline some of my priorities in my capacity as the Associate Minister for Primary Industries with responsibility for forestry, and highlight how the Government is working to accelerate growth...

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A new catalyst for business sustainability in New Zealand

Press Release – University of Auckland Business School The University of Auckland Business School is bringing New Zealand business leaders together to stimulate debate and action on pressing sustainability challenges in its inaugural Sustainability Week series of events.THURSDAY, MARCH 24, 2016 A new catalyst for business sustainability in New Zealand The University of Auckland Business School is bringing New Zealand business leaders together to stimulate debate and action on pressing sustainability challenges in its inaugural Sustainability Week series of events. Business has a pivotal role to play in slowing climate change, improving social justice, and stepping up to other sustainability challenges. There’s growing recognition that what’s good for the environment and society is usually good for the financial bottom line, especially in the long term. The Business School is drawing on its deep expertise and close industry ties to launch a new Sustainability Programme with a week of debate and action, from Monday 4 April to Friday 8 April. “Our aim is to be amongst the leading universities internationally on the issues of sustainability,” says programme leader and former executive director of Oxfam New Zealand, Barry Coates. “We’ve looked to the examples of universities at the vanguard – Yale, Cambridge, MIT. Their experience shows that innovative practice in universities can ensure the next generation of leaders understand the values and practices of sustainability that can drive success for their...

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