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

 


Leave TPP slowcoaches behind, New Zealand farmers urge

Leave TPP slowcoaches behind, New Zealand farmers urge


With Prime Minister John Key and President Barack Obama showing strong support for a comprehensive Trans Pacific Partnership, New Zealand farmers will support leaving countries behind that are not prepared to eliminate agricultural tariffs.

“The Trans Pacific Partnership was established to eliminate all tariffs and bring a new level of discipline to the use of non-tariff barriers,” says Bruce Wills, the National President of Federated Farmers of New Zealand.

“If we have a country that is not prepared to accept this reality, then they should not be allowed to slow down progress for all.

“It doesn’t mean they won’t enter in the future but a compromised TPP is no agreement at all. Federated Farmers does not wish to see the TPP drag-on like the stalled Doha talks either.

“We are genuinely enthused to see the keenness of President Obama’s administration to have the TPP concluded this year. It’s no wonder when 37 percent of American exports go to TPP countries supporting four million jobs and the United States will gain much more going forward.

“Federated Farmers TPP bottom line is the elimination, without exception, of all product tariffs. The TPP will set the benchmark for all future trade deals in the Asia-Pacific region so we cannot afford to get this wrong.

“If we set a high standard at the get-go then all future TPP entrants will have no opportunity to water it down. That includes those who may not immediately enter the TPP, but of course, we hope that they eventually will.

“According to the Ministry for Foreign Affairs and Trade, a study by the East West Centre predicts the TPP could see New Zealand’s annual exports boosted by almost $5 billion in 2025. The global effect is measured in the hundreds of billions.

“Encouragingly, our experience of Free Trade Agreements is that this figure is probably conservative.

“We only have to look at the free trade deal with Taiwan, which took effect late last year. In the year to April 2014 our exports there are up 15 percent over the year before while our exports to countries of the ASEAN region are up 17 percent

“At Fieldays I learned that there were originally thousands of lines to be agreed on the TPP but encouragingly we seem down to the last 20 percent.

“I know there have been false dawns in the past but we believe a successful end is in sight,” Mr Wills concluded.

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Budget Policy Statement: Spending Wins Over Tax Cuts; Big Ticket Items Get Boost

Income tax cuts are on hold as the government says “responding to the earthquakes and reducing debt are currently of higher priority”, although election year tax sweeteners remain possible. More>>

ALSO:

Fishy: Is Whitebaiting Sustainable?

The whitebait fry - considered a delicacy by many - are the juveniles of five species of galaxiid, four of which are considered threatened or declining. The SMC asked freshwater experts for their views on the sustainability of the whitebait fishery and whether we're doing enough to monitor the five species of galaxiid that make up whitebait. More>>

ALSO:

Crown Accounts: Smaller-Than-Expected Four-Month Deficit

The New Zealand government's accounts recorded a smaller-than-forecast deficit in the first four months of the fiscal year on a higher-than-expected inflow of corporate and goods and services tax. More>>

ALSO:

On For Christmas: KiwiRail Ferries Back In Full Operation After Quake

KiwiRail’s Interislander ferries are back in full operation for the first time since the Kaikoura earthquake, with the railspan that allows rail wagons to be loaded on the Aratere now restored. More>>

ALSO:

Comerce Commission Investigation: Prosecutions Over Steel Mesh Labelling

Steel & Tube Holdings, along with two other companies, will be prosecuted by the Commerce Commission following the regulator's investigation into seismic steel mesh, while Fletcher Building's steel division has been given a warning. More>>

ALSO:

Wine: 20% Of Marlborough Storage Tanks Damaged By Quake

An estimated 20 percent of wine storage tanks in the Marlborough region, the country’s largest wine producing area, have been damaged by the impact of the recent Kaikoura earthquake. More>>

ALSO:

ACC: Levy Recommendations For 2017 – 2019 Period

• For car owners, a 13% reduction in the average Motor Vehicle levy • For businesses, a 10% reduction in the average Work levy, and changes to workplace safety incentive products • For employees, due to an increase in claims volumes and costs, a 3% increase in the Earners’ levy. More>>

Get More From Scoop

 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news