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

 


Trade mission heading to Taiwan

Trade mission heading to Taiwan to celebrate ANZTEC agreement


A 30 strong trade delegation sets off for Taiwan this Saturday, the first comprehensive such mission there since the ANZTEC free trade agreement came into force last December.

The mission which includes a Hong Kong and Macau option is organized by Export NZ in partnership with NZ Trade and Enterprise, and is to be led by Charles Finny, who negotiated the ANZTEC agreement, along with Export NZ chairman Sir Ken Stevens and Business NZ chief executive Phil O’Reilly.

A highlight of the mission’s itinerary will be a formal lunch of senior officials and business people to be hosted by New Zealand’s Commerce and Industry Office to be addressed by Mr Finny and a senior official from Taiwan.

“Taiwan is an affluent market of 23 million people and the ANZTEC agreement has opened unprecedented access to it for New Zealand traders,” Mr Finny said.

“After four years, 98.7 per cent of our current exports to Chinese Taipei will be duty free.

“From day one of the agreement last December virtually all our dairy exports, and all our apples, cherries and wine were rated at zero duty.

“Taiwan is already our top market for apples.

“All beef exports will become duty free over the next one to two years, and kiwifruit will be available there duty free within three years.

“Furthermore exporters claiming the trade preferences under ANZTEC can do so in effect by simply writing their own certificate of origin in accordance with broadly applied rules of origin.

Sir Ken Stevens, Chairman of Export NZ said, “The ANZTEC agreement opens the door for a rapid increase in two-way trade for both New Zealand and Taiwan.

“The trade boost will not just be in goods directly benefiting from the speedy elimination of tariffs which gives traders a significant advantage over their competitors, but also in the general increase in trade between our two countries that will increase the prosperity of both economies.”

“ANZTEC is a fully comprehensive agreement,” Mr Finny added.

“It includes an air services policy, facilitates faster Customs procedures for New Zealand goods, liberalises trade in services and investment, and addresses issues around intellectual property.

“The agreement also specifically opens the possibility for film and television co-productions and facilitates closer cultural and commercial linkages between Māori and the indigenous peoples of Taiwan.”

ends

© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

BusinessDesk: APN's NZME Sees Future In Paywalls, Growth In Digital Sales

APN News & Media has touted a single newsroom concept for its NZME unit in New Zealand, similar to what Germany's Die Welt uses, saying an 'integrated sales proposition' is helping it win market share, including ... More>>

Labour Party: Global Milk Prices Now Lowest In 6 Years

The latest fall in the global dairy price has brought it to the lowest level in six years and shows there must be meaningful action in tomorrow’s Budget to diversify the economy, says Labour’s Finance spokesperson Grant Robertson. “Dairy prices ... More>>

BusinessDesk: NZ Inflation Expectations Creep Higher In June Survey

May 19 (BusinessDesk) - New Zealand businesses lifted their expectations for inflation over the next two years, sapping any immediate pressure on the Reserve Bank to cut interest rates, and prompting the kiwi dollar to jump higher. More>>

BusinessDesk: Lower Fuel Costs Drive Down NZ Producer Input, Output Prices

May 19 - Producer input and output prices fell in the first quarter, mainly reflecting lower fuel costs and weakness in prices of meat and dairy products. More>>

Media: Fairfax Media NZ Announces Senior Editorial Team

Fairfax Media New Zealand has today confirmed its new editorial leadership team, as part of a transformation of its newsrooms aimed at enhancing local and national journalism across digital and print. More>>

Science: Flavonoids Reduce Cold And Cough Risk

Flavonoids reduce cold and cough risk Research from the University of Auckland shows eating flavonoids – found in green tea, apples, blueberries, cocoa, red wine and onions – can significantly reduce the risk of catching colds and coughs. The research, ... More>>


BusinessDesk: RBNZ House Alert Speech The Catalyst For Government Action

Prime Minister John Key all but conceded that pressure from the Reserve Bank of New Zealand for concerted action on rampant Auckland house prices was one of the main catalysts for the government's weekend announcements about tightly ... More>>

BusinessDesk: How To Fall Foul Of The New Housing Tax Rules: Tips From IRD

Just because you rented out your investment property doesn't absolve you from paying tax, says the Inland Revenue Department in a summary of commonly made mistakes by non-professional property investors when it comes to their tax liability.More>>

Legal: Superdiversity Law, Policy And Business Stocktake Announced

Mai Chen, Managing Partner at Chen Palmer New Zealand Public and Employment Law Specialists and Adjunct Professor of Law at the University of Auckland, today announced the establishment ... More>>

Housing: More House Price Gains Expected

House price expectations remain high, with a net 56% of respondents expecting house prices will increase. Fears of higher interest rates are fading, consistent with the RBNZ’s signals this year. Affordability and a lack of houses for ... More>>

TDDA: State-Of-The-Art Drug Testing Laboratory To Open In Auckland

World leading drug testing agencies, The Drug Detection Agency (TDDA) and Omega Laboratories, open New Zealand laboratory More>>

Network: Bigpipe Launches Ultra-Fast Broadband Into Wellington

Bigpipe Launches Ultra-Fast Broadband into Wellington Naked broadband provider Bigpipe has extended its national reach, announcing today, the launch of its unlimited UFB offering into Wellington. The Spark Venture business is giving Wellingtonians the ... More>>

Get More From Scoop

 
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news