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

 

Scoop Review Of Books: Salt River Songs by Sam Hunt

Colin Hogg, a longtime comrade of Sam, writes in his Introduction that, ‘There is a lot of death in this collection of new poems by my friend Sam Hunt. It’s easier to count the poems here that don’t deal with the great destroyer than it is to point to the ones that do.’ More>>

Electronica: Restoring The World’s First Recorded Computer Music

University of Canterbury Distinguished Professor Jack Copeland and UC alumni and composer Jason Long have restored the earliest known recording of computer-generated music, created more than 65 years ago using programming techniques devised by Alan Turing. More>>

ALSO:

Scoop Review Of Books: Almost Getting Away With Murder

The Black Widow by Lee-Anne Cartier: Lee-Anne Cartier is the sister of the Christchurch man found to have been murdered by his wife, Helen Milner, after an initial assumption by police that his death, in 2009, was suicide. More>>

Howard Davis: Triple Echo - The Malevich/Reinhardt/Hotere Nexus

Howard Davis: The current juxtaposition of works by Ralph Hotere and Ad Reinhardt at Te Papa perfectly exemplifies Jean Michel Massing's preoccupation with the transmigration of imagery in a remarkable triple echo effect... More>>

Scoop Review Of Books: Nō Tāu Manawa

Vaughan Rapatahana responds to Fale Aitu | Spirit House by Tusiata Avi: "fa’afetai Tusiata, fa’afetai, / you’ve swerved & served us a masterclass corpus / through graft / of tears & fears..." More>>

9 Golds - 21 Medals: NZ Team Celebrates As Rio 2016 Paralympic Games Close

The entire New Zealand Paralympic Team, led by kiwi sprinter and double gold medallist Liam Malone as flag bearer, are on the bus to the Maracanã Stadium in Rio de Janeiro for the Closing Ceremony of the Rio 2016 Paralympic Games. There, they will celebrate the fantastic successes of the past 10 days. More>>

ALSO:

New Zealand Improv Festival: The Festival Of Moments To Return To The Capital

The eighth incarnation of the New Zealand Improv Festival comes to BATS Theatre this 4-8 October , with a stellar line-up of spontaneous theatre and instant comedy performed and directed by top improvisors from around New Zealand and the world. More>>

ALSO:

Get More From Scoop

 
 

LATEST HEADLINES

 
 
 
 
Education
Search Scoop  
 
 
Powered by Vodafone
NZ independent news