Top Scoops

Book Reviews | Gordon Campbell | Scoop News | Wellington Scoop | Community Scoop | Search

 

NZ Singapore Free Trade Deal A "Bogor Blueprint"

By Selwyn Manning

Designed on the blueprint of CER, New Zealand and Singapore have sealed a free trade agreement.

The two economies are heralding the deal as “significant for both countries” and a leading example for other APEC countries to follow.

The Free Trade Agreement is the first to be explicitly written based on the APEC Bogor Goals calling for free trade between all APEC developed nations before 2010 and developing nations by 2020.

Singapore’s Prime Minister Goh Chok Tong said last night that the agreement advances the trading relationship between the two countries and was made possible due to the history, and economic similarities Singapore and New Zealand.

The agreement he says “will strengthen bilateral ties and expand economic linkages. But above all, it will help accelerate the pace of trade liberalisation in the Asia Pacific,” Goh Chok Tong said.

The Singaporeans definitely wish to promote the Free Trade Agreement at APEC as a model for other economies to follow.

Unlike the New Zealand/Australia CER, the Singapore/New Zealand agreement is viewed as an open document – a trading house if you like – which other economies can join and participate within. Countries which are ready to embrace the Bogor Deals are welcome to join the FTA.

Goh Chok Tong said: “In particular, we hope that this FTA will catalyse APEC towards achieving the Bogor goals of free and open trade. The FTA will be open to participation by other economies.”

New Zealand is focussing on its own trade benefits attached to the deal. The New Zealand Prime Minister Jenny Shipley, said last night that the FTA opens the gates to trade expansion with with Singapore.

“The increased trade that flows between Singapore and New Zealand will benefit both countries where it matters – in more jobs and higher standards of living,” Mrs Shipley said.

There are already indications that the example of the Singapore deal may be widened. Yesterday Mrs Shipley met with the Chilean President in a bi-lateral meeting and agreed to commence a scoping study to evaluate whether a similar agreement to that with Singapore could be reached with Chile.

© Scoop Media

 
 
 
Top Scoops Headlines

 

Veronika Meduna on The Dig: Kaitiakitanga - Seeing Nature As Your Elder

The intricate interconnections between climate change and biodiversity loss, and how this disruption impacts Māori in particular. More>>

ALSO:

Gordon Campbell: On China And Hong Kong (And Boris)

In the circumstances, yesterday’s move by Lam to scrap – rather than merely suspend – the hated extradition law that first triggered the protests three months ago, seems like the least she can do. It may also be too little, too late. More>>

ALSO:

Gordon Campbell: On Ensuring Boris Gets Blamed For Brexit

Everyone needs to step back and let Johnson have his ‘no deal’ Brexit, since that’s the only way of making sure that the current Tory leadership gets to wear the consequent turmoil. More>>

ALSO:

Dave Hansford on The Dig: Whose Biodiversity Is It Anyway?

The DOC-led draft Biodiversity Strategy seeks a “shared vision.” But there are more values and views around wildlife than there are species. How can we hope to agree on the shape of Aotearoa’s future biota? More>>

ALSO:

There Is A Field: Reimagining Biodiversity In Aotearoa

We are in a moment of existential peril, with interconnected climate and biodiversity crises converging on a global scale to drive most life on Earth to the brink of extinction… These massive challenges can, however, be reframed as a once in a lifetime opportunity to fundamentally change how humanity relates to nature and to each other. Read on The Dig>>

ALSO: