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

 

AmCham Delighted with US P4 Negotiations

See attached.

Media Release

American Chamber of Commerce Delighted with US P4 Negotiations

Auckland, 24 September 2008 The American Chamber of Commerce in New Zealand (AmCham) is delighted with the news that the US has announced the launch of negotiations regarding their inclusion in the comprehensive Trans-Pacific Strategic Economic Partnership Agreement.

This is the most significant advance in US-NZ relations for several years and is the result of concerted efforts by both Government and Business over a significant period of time.

AmCham has been actively pursuing a Free Trade Agreement (FTA) with the US for over a decade, regularly visiting Washington to lobby both the US Administration and Congress.

Earlier this year, AmCham hosted lead trade negotiator for the US Barbara Wisel, who was in New Zealand for P4 Negotiations. The meeting acted as a key opportunity to provide Ms Wisel with feedback from US businesses in New Zealand.

Bilateral trade is currently worth $8.23 billon, accounting for about 10% of New Zealand’s total trade and bilateral FDI is $10 billion, ranking the US as New Zealand’s second largest trading partner. Research undertaken several years ago suggested that an FTA with the USA could increase bilateral trade & investment by as much as 25% with significant positive effects to the economy.

AmCham will be working closely with its counterparts in Singapore & Chile to advance businesses interests and will be back in Washington in 2009 to work with the new Administration towards achieving the agreement.

ENDS

© 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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO: