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


Business Roundtable Welcomes China FTA

Business Roundtable Welcomes China FTA

“The free trade agreement with China is a major achievement and the government and its officials are to be congratulated on their success in bringing it about”, Rob McLeod, chairman of the New Zealand Business Roundtable, said today.

“Coming 25 years after the Closer Economic Relations agreement with Australia, it marks the progress New Zealand has made from an inward-looking economy to a free and open one.”

Mr McLeod said that New Zealand consumers and exporters of goods and services would benefit from free trade with one of the world’s largest and fastest-growing economies. Business and investment links would also be strengthened. The task of adjusting to additional competition from China was quite manageable provided economic flexibility was maintained.

“Initial indications are that the agreement is comprehensive and largely free of the restrictions and exclusions of some FTAs. It suggests China could well be a force for multilateral trade liberalisation in the decades ahead.

“The private sector should move to capitalise on the new opportunities and the government should help it by taking steps to increase the economy’s international competitiveness and adopting consistent outward-looking policies”, Mr McLeod concluded.

_7 April 2008


© Scoop Media

Business Headlines | Sci-Tech Headlines


Crown Accounts: Slightly Softer Growth Expected In PREFU

A slightly softer growth forecast is the main feature of largely unchanged Pre-election Fiscal Update compared to the Budget forecasts three months ago, Finance Minister Steven Joyce says. More>>


Water: Farming Leaders Pledge To Help Make Rivers Swimmable

In a first for the country, farming leaders have pledged to work together to help make New Zealand’s rivers swimmable for future generations. More>>


Unintended Consequences: Liquor Change For Grocery Stores On Tobacco Tax

Changes in the law made to enable grocery stores to continue holding liquor licences to sell alcohol despite increases in tobacco taxes will take effect on 15 September 2017. More>>

Back Again: Government Approves TPP11 Mandate

Trade Minister Todd McClay says New Zealand will be pushing for the minimal number of changes possible to the original TPP agreement, something that the remaining TPP11 countries have agreed on. More>>


By May 2018: Wider, Earlier Microbead Ban

The sale and manufacture of wash-off products containing plastic microbeads will be banned in New Zealand earlier than previously expected, Associate Environment Minister Scott Simpson announced today. More>>