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

 


TransPacific Strategic Economic Partnership Signed

Chamber Welcomes Signing Of Trans-Pacific Strategic Economic Partnership

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

“We are delighted to see that New Zealand, Chile and Singapore have today signed this 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.”

“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 Strategic Economic Partnership 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 also delighted that Brunei has decided to join the partnership and look forward to Brunei’s signature of the agreement in a few weeks.”, said Charles Finny.

© 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