Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

NZ signs trade deal with Russia


NZ signs trade deal with Russia

Russian trade deal

New Zealand has signed a trade agreement with Russia that should help the Russian Federation's accession to the World Trade Organisation, Trade Negotiations Minister Jim Sutton said today.

The signing ceremony in Moscow, between Mr Sutton and Russia's First Deputy Minister of Economic Development and Trade Ivan Materov, formally concluded negotiations with the Russian Federation on a market access deal for New Zealand exports of goods to the Russian Federation.

This announcement follows the recent APEC Bangkok Economic Leader's Declaration, supporting the early accession of the Russian Federation to the WTO.

The deal will facilitate the Russian Federation's accession to the World Trade Organisation. New Zealand is the first Western country and agricultural exporting nation to sign a bilateral goods access agreement with the Russian Federation. The only other country to reach agreement is the Kyrgyz Republic. The Russian Federation still needs to sign a number of bilateral deals with other countries to gain Membership of the Geneva based WTO.

Mr Sutton said the deal confirmed the recently strengthened relationship between the two nations. The two Ministers expected that closer commercial and technical links in the agricultural field in particular would be central to further developing the economic relationship between the two nations.

"We especially appreciate Russia's commitment to effective and stable access for our dairy and sheep meat exporters in this accession package", Mr Sutton said.

"The deal will enable New Zealand to play a part in the growth of the Russian economy in coming years. New Zealand has a very good reputation in Russia for providing high quality goods ? Russian consumers too will welcome the deal."

Mr Sutton said the bilateral deal would be particularly positive for butter and sheepmeat exporters. The agreement also covers many other products of key interest to New Zealand exporters, ranging from apples and kiwifruit to fish and fridges.

"Russia is an important market with great potential and we fully support its accession to the WTO. Conclusion of our bilateral market access deal providing long term security of access is a significant step in this direction", he said.

Negotiations on the Russian Federation's accession to the WTO began in 1993. Conclusion of the market access deal with New Zealand on goods will help inject momentum into these wider negotiations.

New Zealand will continue to negotiate actively with the Russian Federation on market access for services trade and will work with other WTO members to reach agreement with the Russian Federation on commitments on a range of WTO rules, thus paving the way for Russia's accession to the WTO.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Supreme Court: Worksafe Decision On Whittall Pike River Prosecution Unlawful

The question in issue on the appeal was whether WorkSafe New Zealand acted to give effect to an unlawful agreement of this nature when it offered no evidence on charges against Peter William Whittall for breaches of the Health and Safety in Employment Act 1992...

The Supreme Court... has found that the decision to offer no evidence was made under an unlawful agreement to stifle prosecution. It has granted a declaration to that effect. More>>

 

Cullen To Chair: Tax Working Group Terms Of Reference Announced

Finance Minister Grant Robertson and Revenue Minister Stuart Nash today announced the Terms of Reference for the Tax Working Group and that the Group will be chaired by Sir Michael Cullen. More>>

ALSO:

Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>

ALSO:

Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>

ALSO:

Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>

ALSO:

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election