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

 

Wgtn Chamber Welcomes Conclusion To P4

Chamber Welcomes Conclusion Of Trans-Pacific Strategic Economic Partnership Outcome

The Wellington Regional Chamber of Commerce today congratulated the Government on the conclusion of the Trans-Pacific Strategic Economic Partnership Agreement.

“We are delighted to see that New Zealand, Chile and Singapore have negotiated a high quality agreement covering so many services and all goods” said Chamber CEO Charles Finny, “the Chamber is particularly delighted at the services coverage and at the fact that a negative list has been used for the Agreement.”

“While we will need a day or so to digest fully the detail of the agreement it would appear that the agreement expands coverage and improves conditions for our services exporters to Singapore beyond those agreed in our 2000 Closer Economic Partnership, and creates new opportunities and increased certainty for our services exporters in the Chilean market,” said Charles Finny. “Given that Singapore’s tariffs are non- existent, and that Chile’s were both very low, and protecting a product range which is near identical to that which New Zealand produces (in the same season) the P3 negotiation was always going to be about services. It is therefore pleasing to see that the Government’s negotiating team led by Dr David Walker has delivered a high quality services outcome.”

The Wellington Regional Chamber of Commerce and New Zealand Chambers of Commerce and Industry had been disappointed by the exclusion of services from the recently negotiated New Zealand-Thailand CEP, and had been concerned that some of our trading partners might seek to hold New Zealand to the Thailand model. “The Trans-Pacific Strategic Economic Partnership is a much better model for the future, and we hope that the negotiations with China, Malaysia and ASEAN all follow it and deliver negative list based services agreements. 90% of the Chamber’s Wellington members are from the services sector. The services sector contributes 68% of New Zealand’s GDP,” said Charles Finny.

The Chamber also welcomes the fact that the newly announced agreement with Chile and Singapore has comprehensive goods coverage.

“We are delighted also that Brunei has decided to join the partnership. We understand fully, that because Brunei has made the decision to join the Partnership at a late stage that it will require some time to complete negotiations in areas such as services and Government Procurement”, said Charles Finny.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Media Mega Merger: StuffMe Hearing Argues Over Moveable Feast

New Zealand's two largest news publishers are appealing against the Commerce Commission's rejection of the proposal to merge their operations. More>>

Elsewhere:


Approval: Northern Corridor Decision Released

The approval gives the green light to construction of the last link of Auckland’s Western Ring Route, providing an alternative route from South Auckland to the North Shore. More>>

ALSO:


Crown Accounts: $4.1 Billion Surplus

The New Zealand Government has achieved its third fiscal surplus in a row with the Crown accounts for the year ended 30 June 2017 showing an OBEGAL surplus of $4.1 billion, $2.2 billion stronger than last year, Finance Minister Steven Joyce says. More>>

ALSO:

Mycoplasma Bovis: One New Property Tests Positive

The newly identified property... was already under a Restricted Place notice under the Biosecurity Act. More>>

Accounting Scandal: Suspension Of Fuji Xerox From All-Of-Government Contract

General Manager of New Zealand Government Procurement John Ivil says, “FXNZ has been formally suspended from the Print Technology and Associated Services (PTAS) contract and terminated from the Office Supplies contract.” More>>