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

 


Chambers Agree To Promote A Korea-New Zealand FTA

Tuesday 25 October 2005

Chambers Agree To Promote A Korea-New Zealand FTA

Wellington Regional Chamber of Commerce President Simon Arnold and his counterpart from the Busan Chamber of Commerce and Industry last week signed an agreement committing both Chambers to promote to their respective Governments the advantages of an FTA between Korea and New Zealand.

“This agreement usefully compliments other work going on to promote an FTA between Korea and New Zealand. Busan is a major industrial centre in Korea and its Chamber of Commerce and Industry has considerable influence. Having a body of such weight promoting an FTA between Korea and New Zealand can only help New Zealand’s cause in Korea”, said Charles Finny CEO of the Wellington Regional Chamber of Commerce.

“Korea is already a very important market for New Zealand. Up until now an FTA has been difficult because we haven’t had strong champions for such a linkage in Korea. The Wellington Regional Chamber of Commerce has been promoting an FTA with Korea for some time.

Because of the sensitivity of agriculture in Korea we have been suggesting that we start negotiations with services and investment and move to goods last.

We understand that Korea might well be interested in such an approach. It would not be without precedent for New Zealand. Our FTA with Singapore and the failed negotiation with Hong Kong were essentially about services and investment. Let’s apply the same approach to Korea,” Charles Finny concluded.

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