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

 


Business Forum welcomes process towards NZ/EU FTA

26 March 2014

Business Forum welcomes process towards NZ/EU FTA

The New Zealand International Business Forum (NZIBF) is pleased that New Zealand and the European Union (EU) will explore further the concept of a free trade agreement (FTA).

“New Zealand has important interests in the EU and we have for some time seen the need for a stronger framework for our significant trade and economic relationship,” said NZIBF Chairman Sir Graeme Harrison.

Taken together the 28 EU member states are New Zealand’s third largest trading partner and a single market of over 500 million consumers.

Sir Graeme said that there were opportunities to expand business in agriculture and food as well as technology; services including tourism and education; niche manufacturing; research and investment.

“As the EU negotiates FTAs with other partners around the world New Zealand also runs the risk of being cut out from future growth in the market arising from the EU’s improving economy.”

Sir Graeme congratulated the Prime Minister and the Presidents of the EU Council and Commission on their announcement from Brussels, noting this was the logical next step from negotiating a new political framework agreement with the EU.

About NZIBF (www.nzibf.co.nz)
NZIBF is a business organisation which aims to generate wealth for New Zealanders by helping ensure that New Zealand enterprises are fully integrated and engaged in the global economy and New Zealand’s global competitive position is maximised. NZIBF participants represent companies and sectors with a turnover of over $20 billion.

About New Zealand’s trade and economic relationship with the EU (http://www.nzibf.co.nz/index.asp?pageID=2145856141)
The EU encompasses 28 members and a single market of over 500 million people. The EU is one of the heavyweights of the global economy - the world’s largest exporter, importer, source and market for foreign investment. Main exports include sheep meat, kiwifruit, wine, apples, seafood and butter. The EU is an important source of inward investment, technology, immigration and tourism.

ENDS

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Gareth Morgan: The Government’s Fresh Water Policy – Revisited

Fresh water quality is the latest area to be in the sights of Gareth Morgan and his research organisation The Morgan Foundation... They found that the fresh water policy was a bit murkier than the Environment Minister let on. More>>

ALSO:

Interest Rates: RBNZ Hikes OCR To 3.5%, ‘Period Of Assessment’ Now Needed

Reserve Bank governor Graeme Wheeler raised the official cash rate as expected, while signalling a pause in rate hikes to assess the impact of moves so far this year. The kiwi dollar sank after Wheeler said its strength was “unjustified” and that the currency could have “a significant fall.” More>>

ALSO:

Fonterra: Canpac Site 'Resize' To Focus More On Paediatrics

Fonterra is looking at realigning its packing operations at Canpac, in the Waikato, to focus more on paediatric nutritionals... The proposed changes could mean around 110 roles may not be required at the site which currently employs 330. More>>

ALSO:

Scoop Business: Postie Plus Brand Gets 2nd Chance With Well-Funded Pepkor

The Postie Plus brand is getting a new lease of life after South Africa’s Pepkor bought the failed retailer’s assets out of administration and said it will use its purchasing power to reduce costs of stock and fatten margins. More>>

ALSO:

Warming: Warming Signs From State Of Climate Report

Climate data from air, land, sea and ice in 2013 'reflect trends of a warming planet' -- says the latest State of the Climate report, launched by U.S. and New Zealand scientists. More>>

ALSO:

Scoop Business: Embrace Falling Home Affordability, Says NZIER

Despair over the inability to afford a house is misplaced and should be embraced as an opportunity to invest in more wealth-creating activity, says the principal economist at the New Zealand Institute of Economic Research, Shamubeel Eaqub. More>>

Productivity Commission: NZ Regulation Not Keeping Pace

New Zealand regulators often have to work with out-of-date legislation, quality checks are under strain, and regulatory workers need better training and development. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news