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

 


Japan’s interest in joining TPP negotiations welcomed

Hon Steven Joyce
Acting Minister of Trade

Japan’s interest in joining TPP negotiations welcomed

Acting Minister of Trade Steven Joyce has welcomed the 15 March announcement by Japanese Prime Minister Abe of Japan’s interest in joining the negotiations for a Trans-Pacific Partnership Agreement (TPP).

“This expression of interest by one of the region’s largest economic players is consistent with the vision of TPP serving as a platform for broader regional economic integration in Asia-Pacific.”

“The next step will be for Japan to engage in bilateral and collective consultations with all TPP participants. During those consultations New Zealand will be looking for assurances that Japan is:

Committed to work with existing participants to achieve the ambition levels for TPP that are very clearly set out in the Honolulu Leaders/Ministers statements; and

Can contribute positively to the momentum achieved in the negotiations.”

“New Zealand expects that TPP Ministers will want to discuss next steps regarding Japan’s possible entry to the negotiations when they meet in the margins of the APEC Trade Ministers meeting in Surabaya, Indonesia on 20/21 April.”

Mr Joyce reiterated that current participants are working to achieve a comprehensive, high-standard agreement as described in the Outlines of the TPP Agreement announced by TPP Leaders in Honolulu on November 12, 2011 and are looking to conclude negotiations of such an agreement in 2013.

Background

TPP is a negotiation for a regional free trade agreement, currently among 11 countries: Australia, Brunei Darussalam, Canada, Chile, Malaysia, Mexico, New Zealand, Peru, the United States, Singapore, and Viet Nam. Together these countries represent a combined GDP of US$21 trillion and account for 38 per cent of New Zealand exports.

Japan is New Zealand’s 4th largest individual trading partner. In the year to December 2012 two-way trade stood at NZ$6.2 billion. New Zealand exports to Japan were NZ$3.2 billion, accounting for 7 per cent of total exports. Should Japan join the TPP negotiations it would be the second largest economy involved adding nearly US$6 trillion to the combined TPP GDP.


ends


© Scoop Media

 
 
 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

 

PARLIAMENT TODAY:

Education: Schools Funded To Trial Innovative Approaches

Education Minister Hekia Parata has announced the successful applicants for a new $10 million fund to encourage innovative teaching practices. “I’m delighted with the quality of the 39 projects that have won funding in the first round of the Teacher-led Innovation Fund worth a total of about $2.6 million,” says Ms Parata. More>>

ALSO:

Generation Zero: Skypath Granted Resource Consent

Generation Zero is delighted and relieved that the ‘Skypath’ walking and cycling addition to the Harbour Bridge has been granted resource consent. More>>

ALSO:

Housing: Two New Auckland Special Housing Areas

Two new greenfield Special Housing Areas (SHAs) that will provide up to 1800 new homes in Auckland have been announced today by Building and Housing Minister Dr Nick Smith and Mayor Len Brown. More>>

ALSO:

Royals: The Prince Of Wales And Duchess Of Cornwall To Visit

Prime Minister John Key welcomes today’s announcement that the Prince of Wales and The Duchess of Cornwall will visit New Zealand in November. This will be the second joint visit for Their Royal Highnesses to New Zealand. More>>

ALSO:

Tracey Martin Replaced: Ron Mark Is New New Zealand First Deputy Leader

Clayton Mitchell was the successful candidate for the Associate Whip position. Winston Peters was re-elected as Leader by the Caucus. Ron Mark was elected as the Deputy Leader with effect from 10am, Friday, 3rd July. More>>

ALSO:

Rebuild Rebrand: "Regenerate Christchurch" To Replace CERA

The regeneration of Christchurch will be the city’s focus for the next five years as local leadership progressively takes control of the rebuild, Canterbury Earthquake Recovery Minister Gerry Brownlee says. More>>

ALSO:

Nauru: Scholars Urge Minister To Act On Deteriorating Democracy

“Since the 2013 election in Nauru, there has been a series of disturbing developments on the islands that indicate a severe deterioration in the state of its parliamentary democracy and in the rule of law,” say the scholars. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news