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

 

Asia region free trade bloc exciting prospect

Media statement Wednesday, April 5, 2006

ASEAN, China, India, Japan, Australasian free trade bloc exciting prospect

New Zealand should take seriously the suggestion by the Japanese Trade Minister that a 15 or 16 country Asia Economic Partnership be formed, the Employers & Manufacturers Association (Northern) says.

“We find the proposal exciting and welcome it,”said Alasdair Thompson, EMA’s chief executive.

“It would see participants moving towards full and free trade, including for our processed foods.

“It would represent an economic bloc to rival North America and the EU as it represents half the original grouping of APEC plus China and India.

“At the least it would force an acceleration of true fair and free trade under the WTO agenda, rather than let lopsided trade agreements, such as that between Australia and the US, continue to win prominence.

“Importantly it would ensure New Zealand is not left out of the huge potential markets of the greater Asia region, which is more than ever the most logical trade bloc to join.

“EMA urges the Government to join the discussions with Japan over the proposal.”

ENDS

© 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>>