Parliament

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

 

NZ concludes WTO negotiations with Viet Nam

NZ concludes WTO negotiations with Viet Nam

New Zealand and Viet Nam have formally concluded bilateral market access negotiations as part of Viet Nam’s application to join the World Trade Organisation (WTO), Trade Negotiations Minister Phil Goff announced today.

"New Zealand has substantial trading interests to secure in Viet Nam, which will over time become an increasingly important trading partner. The WTO accession negotiations were a vital, one-off opportunity for New Zealand to secure certainty of access on reasonable terms for its key goods and services exporters," Mr Goff said.

“The result is a fair one for both sides, with each having to be flexible and make concessions in order for agreement to be reached. The agreement is an important step towards Viet Nam’s goal of joining the WTO."

Negotiations have taken place over three years and became intensive in the last 12 months. They culminated in Jim Sutton leading a team of officials to Ha Noi in December, and final talks on services between officials earlier this month.

“The agreement sets maximum tariff levels for products that New Zealand has a particular interest in, and improves market access for some of our key exports. It also safeguards, and allows the future expansion of, New Zealand’s commercial interests in areas such as education and agricultural services,” Mr Goff said.

Viet Nam is a growing trade and economic partner for New Zealand. Current exports are valued at $140 million, with considerable potential in a number of areas for New Zealand companies, given the pace of change and development in the Vietnamese market place.

Viet Nam is still to complete bilateral negotiations with a few other WTO Members, and agree the overall terms of its accession in the WTO Working Party in Geneva.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Werewolf: What Does Winston Peters Want His Legacy To Be?

A lot of people in New Zealand seem to resent Winston Peters and the power that he appears to have. “Appears” being the operative word. In reality, Peters will have power only up to the point that he uses it.

By next week, he’ll have become just another junior player in an MMP governing arrangement, battling to hold onto the gains he was promised. More>>

 

Rising Toll: Road Safety Needs To Be A Higher Priority

Official advice released to the Green Party under the Official Information Act shows that the previous National Government dismissed an option to make road safety its most important transport priority after being told the road toll was rising. More>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

ALSO:

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>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election