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


Agreement reached with India to promote trade

Agreement reached with India to promote trade levels

Trade Minister Phil Goff says agreement in principle to commence a study into the implications of a free trade agreement between India and New Zealand, was a useful outcome of discussions with his Indian counterpart, Kamal Nath.

"While achieving a free trade agreement with India would require us to overcome significant obstacles, agreement in principle to conduct a study into what such an agreement would mean for both of our countries, would be a good start", said Mr Goff.

"This will be progressed later this year in a planned Joint Trade Commission meeting between the two countries, which is likely to be held in September.

"With economic growth averaging around 8 percent per annum over the last three years, India is becoming an increasingly important market and trading partner for New Zealand. In fact, with exports to India rising to $355 million in the year to February 2007, it is currently our second fastest growing export destination. Rapid growth in tourist and student numbers from India are also making a significant contribution to New Zealand’s economy.

"However, that trade still only represents a fraction of its potential. New Zealand–India two-way trade at less than $650 million compares with nearly $7 billion in our two way trade with China. New Zealand has much in common with India, including language, political and legal institutions and a longstanding and warm relationship, which should make trade easier.

"In my discussions with Commerce Minister, Kamal Nath, I also raised our specific concerns about tariff and non-tariff barriers. Tariffs on key New Zealand food and beverage items are high and food safety controls, which exceed international standards, can prevent trade in areas such as dairy and meat.

"Education and tourism interests in New Zealand are expanding their markets, and the potential for a direct air service between Auckland and Mumbai within a few years, will assist in both areas,’ Mr Goff said.


© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

Mediaworks: Three to be sold or closed

MediaWorks has today announced that it intends to sell MediaWorks TV as well as its Flower Street property which includes its television head office and studios.

The intention is for MediaWorks to sell the television side of the business while retaining ownership of radio and QMS. The Flower Street property will also be put up for sale with a lease back option for a buyer to continue to operate television from that location.

MediaWorks Chairman Jack Matthews said that MediaWorks is committed to continuing to grow its business in New Zealand while recognising that free-to-air television operates in a challenging environment. More>>


Could Do Better: Post-Sroubek Review Of Deportation Info

Ms Tremain acknowledges that the review highlighted some aspects of the process that can be improved and makes five main recommendations to strengthen the existing processes for preparing files for decision-makers. Those recommendations are: More>>


Gordon Campbell: On A New Book On The Leaky Homes Scandal

We all know that journalism is short of cash and under pressure from the speed, brevity and clickbait pressures of the 24/7 news cycle… but hey, given the right subject and a sufficiently stubborn journalist, it can still surpass most of the works of the academic historians... More>>

Regulation: Review Finds NZTA Road Safety Failings

The independent review, carried out by consultant agency MartinJenkins, lists at least 10 reasons for the failures including the agency being focused on customer service at the expense of its policing functions. More>>


Rod Carr: Climate Change Commission Chair-Designate Announced

Climate Change Minister James Shaw has today announced the appointment of Dr Rod Carr as Chair-designate for the Climate Change Commission. More>>


Compliance Complaints: 'Putting Right' Holidays Act Underpayment In Health

The Government is putting right a decade’s worth of underpayment to nurses, doctors and other health workers, says Health Minister Dr David Clark. More>>


IPCA: Disasterous Police Pursuit, Excessive Use Of Dogs

At no stage did Police follow the correct procedure for the commencement of a pursuit... A Police dog handler used his dog to help with the arrest of two of the young people. One suffered injuries resulting in his hospitalisation, and the Authority found that the use of the dog was an excessive use of force. More>>


‘Hard Place To Be Happy’: Report On Youth Residential Care

Children’s Commissioner Andrew Becroft says the report, A Hard Place to be Happy, contains important challenges from children and young people, aged 9 to 17, about their experiences in care and protection residences. “I found this report extremely difficult to read, and I think most New Zealanders would too.” More>>

Africa And Middle East Refugees: 'Family Link' Restriction Removed

The founder of the Double the Quota campaign has applauded the coalition government for Friday’s announcement that a discriminatory policy would be removed. More>>





InfoPages News Channels