Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


Trade Network Happy With China's Entry Into WTO

New Zealand business will benefit from China's membership of the World Trade Organisation confirmed at the WTO meeting in Doha.

Trade Liberalisation Network Executive Director Stephen Jacobi said from Doha that concluding the long process of negotiation with China was good news for both China and New Zealand. "The rule of trade law will now be extended to the world's most populous nation and a significant trading partner for New Zealand. That means a stronger market in China, better access for our products and enhanced security for our exports".

New Zealand will not have to lower tariffs on Chinese exports to New Zealand because New Zealand already extended normal tariffs to Chinese imports. "There is no adjustment required from New Zealand but we will benefit from enhanced access for wool and other products into China", said Mr Jacobi. "Our negotiators deserve to be congratulated for their success in this negotiation".

Mr Jacobi said that support for the WTO in China contrasted with criticism of the WTO from some quarters in New Zealand. "The Chinese people are right behind the WTO which brings them more fully into the international community. This can only be positive for human rights and working conditions in China".

Mr Jacobi said that China's entry had been the high point of the WTO Doha Ministerial thus far but the main task meeting was to launch a new round of world trade negotiations. "The WTO is not perfect and can be improved. That's what the Doha meeting is all about. It remains a powerful force for good in the world creating growth and jobs and spreading the benefits of trade liberalisation to those who have been excluded" concluded Mr Jacobi.

Media note: Stephen Jacobi is a special adviser to the New Zealand delegation at the WTO Ministerial in Doha.

Ends


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

I Sing The Highway Electric: Charge Net NZ To Connect New Zealand

BMW is turning Middle Earth electric after today announcing a substantial contribution to the charging network Charge Net NZ. This landmark partnership will enable Kiwis to drive their electric vehicles (EVs) right across New Zealand through the installation of a fast charging highway stretching from Kaitaia to Invercargill. More>>

ALSO:

Watch This Space: Mahia Rocket Lab Launch Site Officially Opened

Economic Development Minster Steven Joyce today opened New Zealand’s first orbital launch site, Rocket Lab Launch Complex 1, on the Mahia Peninsula on the North Island’s east coast. More>>

Earlier:

Marketing Rocks!
Ig Nobel Award Winners Assess The Personality Of Rocks

A Massey University marketing lecturer has received the 2016 Ig Nobel Prize for economics for a research project that asked university students to describe the “brand personalities” of three rocks. More>>

ALSO:

Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>

ALSO:

Half A Billion Accounts, Including Xtra: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

ALSO:

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news