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


CPTPP Trade Deal to Benefit All New Zealanders

With today’s ratification of the CPTPP by Australia, the enormous trans-Pacific trade deal will soon come into force benefiting all New Zealanders through export growth and improved trade opportunities, says the Wellington Chamber of Commerce and Business Central.

"Many years of work have gone into the Comprehensive and Progressive Trans-Pacific Partnership and it should finally be in force by the end of this year triggering the first round of tariff cuts," says chief executive John Milford.

"So far Canada, Australia, Mexico, Japan, and Singapore have ratified the deal; along with New Zealand which passed the required legislation in Parliament last week.

"New Zealand exporters, particularly those in the meat, wool, wine, horticulture, fisheries and forestry sectors will benefit from lower tariffs as well as higher quotas in key export markets. For the first time our exporters will have preferential access to four new markets - Mexico, Japan, Canada, and Peru. These markets are key to our exporters continuing their growth internationally, and will encourage them explore other opportunities.

"This means our exporters have a fairer playing field on which to compete in international markets with New Zealand’s exceptional products.

"I wish to congratulate the dogged determination of our trade negotiators to continue pushing New Zealand’s interests despite the many setbacks and delays.


© Scoop Media

Business Headlines | Sci-Tech Headlines


Super Fund/Canada Bid v NZTA: Tow Preferred Bidders For Auckland Light Rail

The two preferred delivery partners for Auckland light rail have been chosen and a final decision on who will build this transformational infrastructure will be made early next year, Minister of Transport Phil Twyford announced. More>>


9.3 Percent: Gender Pay Gap Unchanged Since 2017

“While it has remained flat since 2017, the gender pay gap has been trending down since the series began in 1998, when it was 16.2 percent,” labour market statistics manager Scott Ussher said. More>>


Ex-KPEX: Stuff Pulls Pin On Media Companies' Joint Ad-Buying Business

A four-way automated advertising collaboration between the country's largest media companies is being wound up after one of the four - Australian-owned Stuff - pulled the pin on its involvement as part of a strategic review of its operations ... More>>

Bus-iness: Transdev To Acquire More Auckland And Wellington Operations

Transdev Australasia today announced that it has agreed terms to acquire two bus operations in Auckland and Wellington, reaching agreement with Souter Investments to purchase Howick and Eastern Buses and Mana Coach Services. More>>