Education Policy | Post Primary | Preschool | Primary | Tertiary | Search

 

Forget About A Free Trade Deal With The US

Forget About A Free Trade Deal With The US, Otago Economics Expert Says

New Zealand just isn’t important enough to the world’s greatest superpower

When it comes to winning Free Trade Agreements (FTA), Australia is on the A-list and New Zealand is on the B-list and it’s not because of politics - it’s simply because we’re not that important according to the University of Otago’s Head of Economics.

Paul Wooding says as the United States and Australia thrash out details of a FTA in Canberra, New Zealand has once again been left out in the cold.

“There are some pretty clear reasons why, from a US perspective, Australia is getting the red carpet treatment and New Zealand is not. It has often been said that the FTA is a payback for Australia’s support of the Iraq War, but that is too simplistic and does not do justice to the loyal relationship between Australia and the US that stretches back decades. It also fails to recognise Australia’s importance as a trading destination for the US.

“In simple terms, even if New Zealand did reverse its nuclear ship policy or sent troops to Iraq, we don’t interest the US enough as a trading destination. The US is such a strategically powerful nation, and New Zealand is not, so there will always be an imbalance in what each nation can offer,” says Mr Wooding.

Rather than getting depressed, he says New Zealand should be realistic about where it fits in the world.

Obtaining a binding multilateral agreement for trade through the World Trade Organisation still remains New Zealand’s best bet while bilateral FTAs should be considered “and China could be a big opportunity”, the Otago University academic argues.

© Scoop Media

 
 
 
Culture Headlines | Health Headlines | Education Headlines

 
Legendary Bassist David Friesen Plays Wellington’s Newest Jazz Venue

Friesen is touring New Zealand to promote his latest album Another Time, Another Place, recorded live at Auckland's Creative Jazz Club in 2015. More>>

Howard Davis Review: The Father - Descending Into The Depths of Dementia

Florian Zeller's dazzling drama The Father explores the effects of a deeply unsettling illness that affects 62,000 Kiwis, a number expected to grow to 102,000 by 2030. More>>


Howard Davis Review: Blade Runner Redivivus

When Ridley Scott's innovative, neo-noir, sci-fi flick Blade Runner was originally released in 1982, at a cost of over $45 million, it was a commercial bomb. More>>

14-21 October: New Zealand Improv Festival In Wellington

Imagined curses, Shibuya’s traffic, the apocalypse, and motherhood have little in common, but all these and more serve as inspiration for the eclectic improvised offerings coming to BATS Theatre this October for the annual New Zealand Improv Festival. More>>

ALSO:

Bird Of The Year Off To A Flying Start

The competition asks New Zealanders to vote for their favourite bird in the hopes of raising awareness of the threats they face. More>>

Scoop Review Of Books:
Jenny Abrahamson's John & Charles Enys: Castle Hill Runholders, 1864-1891

This volume will be of interest to a range of readers interested in the South Island high country, New Zealand’s natural environment, and the history of science. More>>

 
 
 
 
 

LATEST HEADLINES

  • CULTURE
  • HEALTH
  • EDUCATION