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

 


President Obama’s TPP talk excites Kiwi famers

President Obama’s TPP talk excites Kiwi famers

Federated Farmers is elated U.S. President, Barack Obama, has committed the United States to the Trans Pacific Partnership in his State of the Union address.

“The world is a better and safer place when we trade openly and honestly,” says Bruce Wills, Federated Farmers President.

“This is greatly reinforced by President Obama saying to the American people that he wants to complete negotiations on the Trans-Pacific Partnership.

“We can all look forward to a great 2013 because America wants to export its way to growth just as much as we do.

“The TPP economies have a combined GDP of some US$21 trillion. This opportunity is so vast, the only way to comprehend it is a stack one U.S. dollar notes that would reach all the way to the moon and back some two and a half times.

“The TPP places us in tomorrow’s world and with tomorrow’s economies like Australia, Malaysia, Singapore, Brunei, Vietnam, Chile, Peru, Mexico, Canada and the United States.

“This game changer is now within our grasp for our economy and especially our primary industries.

“I recognise some people fear the TPP but did not another US President facing troubled economic times say “the only thing we have to fear is fear itself”. In the 1930’s, the world turned to protectionism and trade barriers that took a global cataclysm to resolve.

“Today, we know that trade is the best guarantor of peace and stability because it lifts living standards and understanding.

“All we want is a TPP which eliminates tariffs on all products without exception, introduces liberal rules of origin within the TPP region and ensures regulations adhere to international science based standards.

“We have the strong impression President Obama wants that to,” Mr Wills concluded.


“Now, even as we protect our people, we should remember that today’s world presents not just dangers, not just threats, it presents opportunities. To boost American exports, support American jobs and level the playing field in the growing markets of Asia, we intend to complete negotiations on a Trans-Pacific Partnership. And tonight, I’m announcing that we will launch talks on a comprehensive Transatlantic Trade and Investment Partnership with the European Union -- because trade that is fair and free across the Atlantic supports millions of good-paying American jobs.”
President Barack Obama, State of the Union Address as delivered

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Power Outages, Roads Close: Easter Storm Moving Down Country

The NZ Transport Agency says storm conditions at the start of the Easter break are making driving hazardous in Auckland and Northland and it advises people extreme care is needed on the regions’ state highways and roads... More>>

ALSO:

Houses (& Tobacco) Lead Inflation: CPI Up 0.3% In March Quarter

The consumers price index (CPI) rose 0.3 percent in the March 2014 quarter, Statistics New Zealand said today. Higher tobacco and housing prices were partly countered by seasonally cheaper international air fares, vegetables, and package holidays. More>>

ALSO:

Notoriously Reliable Predictions: Budget To Show Rise In Full-Time Income To 2018: English

This year’s Budget will forecast wage increases through to 2018 amounting to a $10,500 a year increase in average full time earnings over six years to $62,200 a year, says Finance Minister Bill English in a speech urging voters not to “put all of this at risk” by changing the government. More>>

ALSO:

Prices Up, Volume Down: March NZ House Sales Drop 10% As Loan Curbs Bite

New Zealand house sales dropped 10 percent in March from a year earlier as the Reserve Bank’s restrictions on low-equity mortgages continue to weigh on sales of cheaper property. More>>

ALSO:

Scoop Business: Chorus To Appeal Copper Pricing Judgment

Chorus will appeal a High Court ruling upholding the Commerce Commission’s determination setting the regulated prices on the telecommunications network operator’s copper lines. More>>

ALSO:

Earlier:

Cars: Precautionary Recalls Announced For Toyota Vehicles

Toyota advises that a number of its New Zealand vehicles are affected by a series of precautionary global recalls. Toyota New Zealand General Manager Customer Services Spencer Morris stressed that the recalls are precautionary. More>>

ALSO:

'Gardening Club': Air Freight Cartel Nets Almost $12 Million In Penalties

The High Court in Auckland has today ordered Swiss company Kuehne + Nagel International AG to pay a penalty of $3.1 million plus costs for breaches of the Commerce Act. Kuehne + Nagel’s penalty brings the total penalties ordered in this case to $11.95 million ... More>>

ALSO:

Crown Accounts: Revenue Below Projections

Core Crown tax revenue has increased by $1.9 billion (or 5.0%) compared to the same time last year. However this was $1.1 billion less than expected and is reflected across most tax types, continuing the pattern of recent months. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news