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


CEP Partnership Must Be Tripartite With Australia

Thursday, December 6th, 2001

NZ-US Closer Economic Partnership Must Be Tripartite With Australia

Progressing a free trade agreement with the United States requires New Zealand and Australia to first align their interests before expecting discussions to commence with the United States, the Employers & Manufacturers Association (Northern) reports.

"Today's conference Creating Coalitions of Interest: a New Zealand-United States Closer Economic Partnership, identified a free trade agreement with the US, if discussions are to commence, will most likely include both New Zealand and Australia," said Gilbert Peterson, EMA's trade spokesman.

"US Ambassador to New Zealand Charles Swindells and Fred Benson, President of the US-NZ Business Council in Washington, made clear a CEP with the US had a far better chance if the trans Tasman partners under CER were agreed on what to table.

"The US rightly views the CER partners as 'one economy, two countries' with no desire to duplicate negotiations.

"The message is we need to get alongside Australia and sort out our differences, or both countries will stay on a long waiting list for preferential trade access.

"The conference was most valuable for identifying the extent of the work needed before talks on a CEP might begin, the enthusiasm for the cause, and the great advantages New Zealand has to harness towards it. The size of the prize is vast - in excess of a $1 billion a year in trade gains, and we have to be realistic over the time and investment it may take to land.

"Nonetheless we can take heart that the US is holding discussions on possible FTA's with two economies roughly our size: Singapore and Chile. Singapore has arrived at the negotiating table within the last two years; Chile has been waiting over a decade.

"Speakers also urged conference delegates to recognise the potential obstacles to progress presented by New Zealand's own regulations relating to intellectual property, parallel importing and pharmaceuticals."


© Scoop Media

Business Headlines | Sci-Tech Headlines


Manawatu-Whanganui Projects: PGF Top-Up To Rural Broadband Roll-Out

The government has effectively raided the $3 billion Provincial Growth Fund to top up the budget for the second phase of its rural broadband initiative, filling in mobile 'black spots' and ensuring broadband is available to marae that don't have access now. More>>


Other Windy Cities: Auckland-Chicago Named A Top 10 ‘Most Exciting’ New Route

The inclusion of Auckland-Chicago on Lonely Planet’s Where to fly in 2019? The 10 most exciting new flight routes list comes just two weeks before Air New Zealand prepares to celebrate its inaugural flight to Chicago’s O’Hare International Airport on 30 November. More>>

Deadly Strain: ESR Ups Its Reporting On Meningococcal Disease

The increasing number of cases of Group W Meningococcal disease (MenW) has prompted ESR to increase its reporting on the disease to the Ministry of Health. ESR has upped its reporting to weekly. More>>


Very Small Things: "Game-Changing" 3D Printing Technology Launched

New Zealand microfabrication researchers Andrea Bubendorfer and Andrew Best, the co-inventors of a new way of fabricating very small things with Laminated Resin Printing (LRP), are part of Callaghan Innovation’s MicroMaker3D team launching the new patent pending technology in the US this week. More>>