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


NZ Enters Tariff-Free Trans-Pacific Agreement

Improved opportunities for New Zealand with trans-Pacific trade agreement

Tariffs will be eliminated and markets opened up for New Zealand exporters with a new Trans-Pacific Strategic Economic Partnership Agreement.

Ministers from New Zealand, Chile, Singapore and Brunei, at a meeting with their APEC counterparts in Jeju, South Korea, have announced that negotiations have been completed for what was formerly called the Pacific-Three Closer Economic Partnership (P3 CEP).

Trade Negotiations Minister Jim Sutton described the partnership agreement as a major achievement for New Zealand.

"This is our first agreement with a Latin American country and it opens up the Chilean market to New Zealand exporters of goods and services. "

The agreement provides for comprehensive tariff elimination among all countries by 2017. In particular tariffs will be eliminated on 90 percent of New Zealand's current exports to Chile when the partnership enters into force. 92 percent of New Zealand's exports to Brunei will also enjoy bound duty free access on entry into force of the agreement. (This is scheduled to be 1 January 2006 but is dependent on parliamentary processes.)

Mr Sutton said the partnership is also of significant strategic value for New Zealand as it spans the Asia Pacific region and can grow in the future.

"This negotiation started off with New Zealand, Chile and Singapore working towards a Pacific-three agreement. We've already seen this initial partnership of three countries grow with Brunei joining the negotiations part-way through to make it a four-way agreement."

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced


Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>


Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>


Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>


Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>


Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>


Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>




Featured InfoPages

Opening the Election