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

 


New Zealand must seize ASEAN opportunity

2 December 2004

New Zealand must seize ASEAN opportunity

ASEAN has opened the door for New Zealand to join the successful ASEAN Free Trade Agreement (AFTA) and must seize the opportunity, says Asia New Zealand Foundation chairman, Sir Dryden Spring.

Sir Dryden made the comment after in the wake of announcements from this week’s ASEAN Summit in Laos attended by Prime Minister Helen Clark.

They included agreement to enter into negotiations on a NZ-Australia free trade agreement with ASEAN, and an indication that New Zealand would consider with positive intent acceding to the ASEAN Treaty of Amity and Cooperation.

Sir Dryden says being part of AFTA would give New Zealand much better access to the large and rapidly growing markets of South East Asia,

“This is a huge opportunity for New Zealand and has become even more attractive with the commencement of ASEAN’s intention to create a Free Trade Agreement with China.”

Further moves are likely to create an East Asian community involving both South Korea and Japan.

The Asia New Zealand Foundation believes that New Zealand should be prepared to accede to the Treaty of Amity and Cooperation as it would be a powerful demonstration of our commitment to the Asian region.

“Asia is a dynamic and rapidly growing region which is opening up. Our exports to Asia are already almost as great as to all of the Americas and Europe combined and it provides a third of our tourism revenue,” Sir Dryden said.

“New Zealand’s future prosperity is inextricably linked to the Asia region. We must grasp the opportunity to further develop our Asian trade and political relationships.”

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Half A Billion Accounts: 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>>

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:

Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>

ALSO:

Results:

Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>

ALSO:

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news