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

 

Gordon Campbell: On Bank Scandals (And Air Crashes)

Last month, the Australian Securities and Investment Commission (ASIC) filed proceedings against Westpac over activities that have some distinct echoes of the Libor scandal. More>>

Budget: Health Funding Must Keep Up With Need

NZNO: “The nursing team has been doing more with less for years. It’s getting to the point that we’re really worried about our colleagues, our patients, our jobs and the level of health care available for people in our country." More>>

ALSO:

Emissions Inventory: Time For The Government To Do The Right Thing

It’s time for the National Government to step up and do the right thing to reduce climate pollution as data shows New Zealand’s greenhouse gas emissions are higher than ever, the Green Party said today. More>>

ALSO:

Budget 2016: More Partnership Schools To Open

Seven new schools will join the eight Partnership Schools already open, along with further new schools opening in 2017. “The growth of this policy is a reflection of the high level of interest from educators and community leaders,” Mr Seymour says. More>>

ALSO:

No Correspondence With English: Did Brownlee Make Up Sale Of Navy Ships ‘On The Hoof?’

Having revealed that several Royal New Zealand Navy vessels have not left port in years, New Zealand First is now asking the Minister of Defence to prove he did not come up with the idea of selling HMNZS Taupo and Pukaki until the media asked him. More>>

Housing Plans: Labour- Abolish Auckland Urban Boundary
The Government should rule out any possibility of an urban growth boundary in Auckland Council’s Unitary Plan if it is serious about fixing the housing crisis. More>>
Greens - State House Solution
The Homes Not Cars policy allows Housing New Zealand to retain its dividend and, in addition, would refund its tax, to spend on the emergency building of around 450 new state houses. More>>

ALSO:

Houses And Taxes: Post-Cabinet, Pre-Budget Press Conference

The Prime Minister said that the pre-budget announcements showed that his Government is “investing in a growing economy”. He re-affirmed the National Government’s commitment to lowering personal tax rates but that any such change must fit with the fiscal reality of the time. More>>

ALSO:

Get More From Scoop

 

LATEST HEADLINES

 
 
 
 
 
 
 
 
 
Parliament
Search Scoop  
 
 
Powered by Vodafone
NZ independent news