Tag: Business NZ

Trade consensus may be over

Press Release – Business NZ 29 January 2016 Trade consensus may be over ExportNZ is concerned that the consensus between the main political parties on trade may be over. Previously New Zealand exporters could rely on the support of both main parties on trade, said ExportNZ …29 January 2016 Trade consensus may be over ExportNZ is concerned that the consensus between the main political parties on trade may be over. “Previously New Zealand exporters could rely on the support of both main parties on trade,” said ExportNZ Executive Director Catherine Beard. “This has helped our exporters succeed in new markets and earn valuable revenue for New Zealand. “Exporters are now feeling some dismay at the thought that our future trade prospects could be limited by political disagreement. “It is hard to understand why Labour Party should support the China free trade agreement, but not the TPPA, when they are similar in all major respects,” Catherine Beard said. “Labour’s position on the TPP is a step back for New Zealand’s export competitiveness.” ends Content Sourced from scoop.co.nz Original...

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Trade Minister’s contribution to NZ’s success

Press Release – Business NZ Trade Minister Tim Groser has made a massive contribution to New Zealands success, says ExportNZ.Media release 14 December 2015 Trade Minister’s contribution to NZ’s success Trade Minister Tim Groser has made a massive contribution to New Zealand’s success, says ExportNZ. Mr Groser finishes his term as Trade Minister today prior to becoming New Zealand’s Ambassador to the US. ExportNZ Executive Director Catherine Beard says the Minister has negotiated or steered valuable trade agreements for more than three decades, from the historic CER deal with Australia and numerous Asia and Pacific free trade agreements, to this year’s Trans Pacific Partnership Agreement. “It would be hard to quantify the dollar value to New Zealand of Mr Groser’s work, but it is immense, and New Zealand exporters and others owe him a debt of gratitude. “We can also be assured that the new Ambassador to the US will ensure that New Zealand’s trade interests there will be vigorously promoted,” Catherine Beard said. ends Content Sourced from scoop.co.nz Original...

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TPP risks overstated

Press Release – Business NZ 6 November 2015 TPP risks overstated It will take time to consider the full text of the Trans Pacific Partnership, but it is clear that many of the issues raised by critics as risks have been overstated, says ExportNZ. ExportNZ Executive Director …6 November 2015 TPP risks overstated It will take time to consider the full text of the Trans Pacific Partnership, but it is clear that many of the issues raised by critics as risks have been overstated, says ExportNZ. ExportNZ Executive Director Catherine Beard says in particular, the risk from investor-state dispute settlement (ISDS) provisions has been grossly exaggerated by critics. “The ISDS provisions in the TPP text are within the normal range of such provisions agreed in many other free trade agreements, and are not a threat to New Zealand’s sovereignty. “ISDS provisions are a sensible protection for the parties involved, by allowing arbitration if investors are unfairly discriminated against by a government and suffer damage as a consequence. “For example, if a government illegally confiscates business assets – that is usually a rogue decision by an unpredictable government. ISDS cases that have gone to arbitration have related to only a handful of governments with extreme policies. “Countries that uphold the rule of law and uphold strong institutions do not get targeted with ISDS claims. “New Zealand has particularly good rule...

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TPP risks overstated

Press Release – Business NZ TPP risks overstated A new report on the Trans Pacific Partnership concludes that it would not allow foreign control over New Zealands law-making ability. ExportNZ commissioned ISDS and sovereignty , a report on investor-state dispute settlement …TPP risks overstated A new report on the Trans Pacific Partnership concludes that it would not allow foreign control over New Zealand’s law-making ability. ExportNZ commissioned ISDS and sovereignty, a report on investor-state dispute settlement provisions in the Trans Pacific Partnership and other free trade agreements. The report, by NZIER, concludes risks from investor disputes have been overstated. Investor-state dispute settlement (ISDS) provisions allow arbitration if investors are unfairly discriminated against by a government and suffer damage as a consequence. ExportNZ Executive Director Catherine Beard says it’s common for investors to request the ability for arbitration in the countries where they invest, and common for countries to provide that assurance, as ISDS provisions ensure investors are treated fairly and also uphold the ability of countries to make laws in their own interests. “Arbitration is usually only needed in the case of rogue decisions by unpredictable governments,” Catherine Beard said. “ISDS arbitration is primarily designed to stop extreme actions such as illegally confiscating or nationalising business assets. New Zealand is not an extreme government. We have good rule of law, strong institutions, a global reputation for fairness and lack...

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Japanese business delegation visits Auckland

Press Release – Business NZ Japanese business delegation visits Auckland Closer relations between New Zealand and Japan businesses are a positive sign for future trade. A delegation of Japanese business leaders is accompanying Japans Prime Minister Abe on a visit to New Zealand, …Japanese business delegation visits Auckland Closer relations between New Zealand and Japan businesses are a positive sign for future trade. A delegation of Japanese business leaders is accompanying Japan’s Prime Minister Abe on a visit to New Zealand, and will meet with New Zealand business leaders in Auckland on Monday. BusinessNZ in collaboration with the Japan NZ Business Council and the NZ International Business Forum is hosting the gathering, which will focus on the outlook for trade and investment in key sectors. BusinessNZ President Laurie Margrain says the delegates from Japan and New Zealand will consider recent developments in their respective economies and opportunities for trade and investment in sectors including forestry, dairy and education. The meeting will also discuss opportunities to build further value-added linkages for Japan and New Zealand arising from the Trans Pacific Partnership. Major Japanese companies including Oji Holdings, Nippon Steel, Sumitomo Corporation, NYK Line, Mitsubishi Corporation, Wood One, JTB Corporation, Rinnai Corporation and Mitsui Ltd will be represented. New Zealand companies attending will include ANZCO Foods, Air NZ, Beef and Lamb NZ, Cedenco, Education NZ, Fonterra, Fuji Xerox NZ, H. Dawson...

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