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

 


China FTA Not Enough - NZ First

Media Release

8 April 2008

China FTA Not Enough - NZ First

New Zealand First has described the Free Trade Agreement (FTA) with China as “not enough” and will vote against the legislation in Parliament.

Leader Rt Hon Winston Peters said there was simply not enough in the deal for this country for New Zealand First MPs to support it.

“Just over two decades ago the trade doors to New Zealand were thrown wide open in the vain hope that the rest of the world would reciprocate but that has still not happened.

“Under this FTA we will have to wait up to another 17 years to get the full benefits that have been promised.

“The one industry which could genuinely bridge our serious trade deficit – the primary sector – must wait at least 12 years and up to 17 years to reap the full benefit of this FTA.

“Given that China has effectively had half a free trade agreement with New Zealand for the past 20 years we could have expected more from them.

“When the euphoria settles, people will start realising the seriousness of this situation.”

Mr Peters listed the main areas of concern with the FTA:

* The stated return from the FTA is not worth the risk of exposing the few remaining elements of New Zealand’s manufacturing industry.

* The timing of tariff reductions is weighted heavily in favour of China. What remains of New Zealand’s tariffs will be removed within seven to nine years whereas China has up to 12 years and possibly 17 years to reduce its tariffs.

* A huge imbalance already exists in trade between the two countries. China‘s exports to New Zealand in 2007 totalled $5.59b but New Zealand’s exports to China totalled only $1.95b for the same year.

* The projected benefit in dollar terms will make little impact on the trade imbalance. It should be noted that FTAs with both Thailand and Singapore resulted in a worse imbalance of trade.

* China has very low wages and fewer labour standards than New Zealand. What is left of our local manufacturing industry will simply not be able to compete on a level playing field.

* The movement of labour provisions should fall within existing immigration requirements – not FTAs.

* The increasing levels of imported processed and non-processed foodstuffs from China threaten New Zealand's production of similar goods. New Zealanders should continue to have access to the quality food products of their own country.

* The clauses in the FTA relating to investment are of great concern.

Mr Peters said that New Zealand First remained convinced that tax incentives and a realistic currency value were the way to drive export growth and enable New Zealand to prosper.

The Government had been informed of the New Zealand First caucus decision.

Mr Peters said the issue was a case of “agreeing to disagree” with the Government and did not represent any threat to the confidence and supply agreement.

“Both Labour and National support a Free Trade Agreement with China and our opposition cannot prevent it, but New Zealand First believes it is important to make New Zealanders aware of our position on this matter.

“Since 1984 successive Labour and National governments have told New Zealanders about the benefits of free trade. The long wait for these benefits continues,” said Mr Peters.

ENDS

© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: A Govt. Christmas Bad News Dump -The Skycity Convention Center Blowout & A Negative MBIE Review

If the government really did have good tidings of great joy you can bet it wouldn’t be strewing them about at Christmas time – which is, traditionally, the dumping ground for terrible news that the government fervently hopes the public will be too distracted to notice. And so verily this Christmas Eve we learn of (a) the explosion of costs to the taxpayer and ratepayer of the vile SkyCity convention centre in Auckland and that (b) the government’s flagship MBIE “super-ministry” run by its Minister of Everything is a disaster zone of incompetence and mismanagement. MBIE is a Titanic looking for an iceberg, or so it would seem. More>>

 

Parliament Adjourns:

Greens: CAA Airport Door Report Conflicts With Brownlee’s Claims

The heavily redacted report into the incident shows conflicting versions of events as told by Gerry Brownlee and the Christchurch airport security staff. The report disputes Brownlee’s claim that he was allowed through, and states that he instead pushed his way through. More>>

ALSO:

TAIC: Final Report On Grounding Of MV Rena

Factors that directly contributed to the grounding included the crew:
- not following standard good practice for planning and executing the voyage
- not following standard good practice for navigation watchkeeping
- not following standard good practice when taking over control of the ship. More>>

ALSO:

Gordon Campbell:
On The Pakistan Schoolchildren Killings

The slaughter of the children in Pakistan is incomprehensibly awful. On the side, it has thrown a spotlight onto something that’s become a pop cultural meme. Fans of the Homeland TV series will be well aware of the collusion between sections of the Pakistan military/security establishment on one hand and sections of the Taliban of the other… More>>

ALSO:

Werewolf Satire:
The Politician’s Song

am a perfect picture of the modern politic-i-an:
I don’t precisely have a plan so much as an ambition;
‘Say what will sound most pleasant to the public’ is my main dictum:
And when in doubt attack someone who already is a victim More>>

ALSO:

Flight: Review Into Phillip Smith’s Escape Submitted To Government

The review follows an earlier operational review by the Department of Corrections and interim measures put in place by the Department shortly after prisoner Smith’s escape, and will inform the Government Inquiry currently underway. More>>

ALSO:

Intelligence: Inspector-General Accepts Apology For Leak Of Report

The Inspector-General of Intelligence and Security, Cheryl Gwyn, has accepted an unreserved apology from Hon Phil Goff MP for disclosing some of the contents of her recent Report into the Release of Information by the NZSIS in July and August 2011 to media prior to its publication. The Inspector-General will not take the matter any further. More>>

ALSO:

Drink: Alcohol Advertising Report Released

The report of the Ministerial Forum on Alcohol Advertising and Sponsorship has been released today, with Ministers noting that further work will be required on the feasibility and impact of the proposals. More>>

ALSO:

Other Report:

Leaked Cabinet Papers: Treasury Calls For Health Cuts

Leaked Cabinet papers that show that Government has been advised to cut the health budget by around $200 million is ringing alarm bells throughout the nursing and midwifery community. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news