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

 


Response to Zoellick Comments - Disappointing


Response to Zoellick Comments - Disappointing but not Surprising

It's disappointing but not surprising said TLN, Executive Director, Suse Reynolds in response to US Trade Representative Bob Zoellick's comments about the difficulties of a trade deal with New Zealand.

"We have always known a trade agreement with the US wasn't going to be easy," said Reynolds.

New Zealand's agricultural industry, small as it is compared to the US's, is seen as a real threat to US farmers. They have tremendous clout in Washington, even though their contribution to the US economy is minuscule" Reynolds pointed out.

"Then there's the bottom line - our market is tiny, theirs is huge. We don't offer much growth potential. Those are the realities."

"But they are not reasons to give up. We can't ignore the fantastic potential for growth open US borders would offer our exporters and the US can't ignore the fantastic strategic possibilities New Zealand offers."

"This set back should however send a strong message to the Government and New Zealand exporters about importance of multilateral trade liberalisation. A successful WTO round continues to offer us the best chance for meaningful and sustainable growth," Reynolds concluded.

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Onetai Station: Overseas Investment Office Puts Ceol & Muir On Notice

The Overseas Investment Office (OIO) has issued a formal warning to Ceol & Muir and its owners, Argentinian brothers Rafael and Federico Grozovsky, for failing to provide complete and accurate information when they applied to buy Onetai Station in 2013. More>>

ALSO:

Tomorrow, The UN: Feds President Takes Reins At World Farming Body

Federated Farmers president Dr William Rolleston has been appointed acting president of the World Farmers’ Organisation (WFO) at a meeting in Geneva overnight. More>>

ALSO:

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:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news