Tag: NZ International Business Forum

Eyes on WTO Ministerial, Nairobi

Press Release – NZ International Business Forum Eyes on WTO Ministerial, Nairobi A lot is at stake in the World Trade Organisation (WTO) Ministerial meeting getting underway in Nairobi – for New Zealand, for developing countries and for the multilateral trading system – says NZ International Business …Eyes on WTO Ministerial, Nairobi A lot is at stake in the World Trade Organisation (WTO) Ministerial meeting getting underway in Nairobi – for New Zealand, for developing countries and for the multilateral trading system – says NZ International Business Forum Executive Director Stephen Jacobi. The tenth WTO Ministerial meeting is being held in Nairobi from 15-18 December and will be attended by newly appointed New Zealand Trade Minister Hon Todd McClay. “As the pre-eminent body of multilateral trade rules and the arbiter of global trade disputes, the WTO is critically important to New Zealand”, says Stephen Jacobi. “Today the WTO’s role in liberalising trade and eliminating trade barriers is being relegated to second or even third place as economies look to bilateral and regional agreements to boost trade growth. While regional agreements provide benefits for the participants, this approach risks leaving behind the world’s poorest countries, which need the WTO to provide the means for them to compete on a more level playing field in global trade”. The WTO’s Doha Development Agenda launched in Doha, Qatar in 2001 was dubbed a...

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International Business Forum Welcomes Updated Agenda

Press Release – NZ International Business Forum The New Zealand International Business Forum (NZIBF) welcomes the Governments plans to expand export markets in todays announcement of an updated Business Growth Agenda.International Business Forum welcomes updated Business Growth Agenda The New Zealand International Business Forum (NZIBF) welcomes the Government’s plans to expand export markets in today’s announcement of an updated Business Growth Agenda. “Trade brings you the car you drive, the clothes you wear, the medicine you take, the device you use and quite likely the job that puts food on your table. But the trade environment is changing. Government and business need to stay ahead of the game.” The seven priority actions described in the Business Growth Agenda aim to help us do just that”, said NZIBF Executive Director Stephen Jacobi. The Business Growth Agenda’s revised “Building Export Markets” chapter was released by Ministers in Auckland this morning. The BGA describes how the Government intends to increase the ratio of exports to GDP to 40 percent by 2025. The overall focus is on creating more internationally connected business by growing markets, adding value and diversifying our export base. The New Zealand International Business Forum has been active in dialogue with the Government to help set the strategic direction of the BGA. “The Government is aware that it cannot achieve the BGA goals without the involvement of business and the...

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Business Forum welcomes NZ Korea FTA

Press Release – NZ International Business Forum The New Zealand International Business Forum (NZIBF) welcomes the much anticipated conclusion of the New Zealand Korea Free Trade Agreement.Business Forum welcomes NZ Korea FTA The New Zealand International Business Forum (NZIBF) welcomes the much anticipated conclusion of the New Zealand Korea Free Trade Agreement. “This negotiation has been a marathon and we are delighted Trade Minister Groser and his officials have got it over the line” said NZIBF Chairman Sir Graeme Harrison. Korea is a significant trading partner for New Zealand and a number of key export sectors including dairy, meat and kiwifruit stood to be severely disadvantaged if New Zealand could not achieve a more level playing field with its key competitors in the Korean market notably Australia, Canada, the European Union and the United States all of whom have already concluded FTAs. Sir Graeme said the negotiation had been difficult and all that New Zealand might have wished is unlikely to have been achieved. “While we still need to analyse the content of the FTA, we are confident that officials were fully aware of New Zealand interests and have done the very best they can. Korea’s growing interest in joining the Trans Pacific Partnership (TPP) provides us an opportunity to seek stronger outcomes in those areas where our full ambition may not have been realised”. The New Zealand International...

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Bali WTO package welcomed by NZ businesses

Press Release – NZ International Business Forum The New Zealand International Business Forum (NZIBF) has welcomed the package of measures agreed by the World Trade Organisation (WTO) meeting in Bali. This limited agreement shows the WTO’s 159 members can still make decisions. While it is not the …9 December 2013 Bali WTO package welcomed by NZ businesses The New Zealand International Business Forum (NZIBF) has welcomed the package of measures agreed by the World Trade Organisation (WTO) meeting in Bali. “This limited agreement shows the WTO’s 159 members can still make decisions. While it is not the substantive outcome to the WTO’s Doha Development Agenda we have been seeking for some time, it is nonetheless significant and can be welcomed by exporters,” said NZIBF Chairman Sir Graeme Harrison. The WTO package covers food security, development and trade facilitation. “For New Zealand the trade facilitation measures are likely to be most significant,” said Sir Graeme. “These include measures to speed up air cargo, to established “trusted trader” relationships between countries and to harmonize the way customs information is made available. Over time this should help lower the time, cost and complexity of doing business.” “The food security provisions should help prevent disputes arising when countries decide to stockpile food for emergency situations. The bigger picture of using trade as a means to promote food security, by ensuring consumers have access...

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Business Forum welcomes Korean interest in TPP

Press Release – NZ International Business Forum The New Zealand International Business Forum has welcomed Korea’s expression of interest in joining the Trans Pacific Partnership (TPP). Business Forum welcomes Korean interest in TPP, Encourages progress in Bali and Singapore The New Zealand International Business Forum has welcomed Korea’s expression of interest in joining the Trans Pacific Partnership (TPP). “Korea is a major partner for New Zealand. Our negotiations for a free trade agreement are well advanced. For Korea to join the other twelve partners in TPP would make sense,” said NZIBF Chairman Sir Graeme Harrison. “The timing of Korea’s admission to the negotiations will need to be further discussed. The first phase of TPP expansion is hopefully drawing to a close. The priority must be now on delivering a high quality, ambitious and comprehensive outcome. The bigger picture is that Korea’s involvement in TPP will enhance the partnership’s credibility as an instrument that can deliver a new framework for trade and investment in the Asia Pacific region.” Sir Graeme wished Trade Minister Tim Groser and his officials well as they depart for the WTO Ministerial in Bali and the TPP Ministers’ meeting in Singapore. “New Zealand has a great opportunity to show leadership in forging a consensus in the WTO meeting and bringing TPP to a close. New Zealand lives by trade. Anything that can be done in coming...

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