Parliament

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

 

Budget 2016: Maximising FTA implementation

Hon Todd McClay

Minister of Trade


1 June 2016
Media Statement

Budget 2016: Maximising FTA implementation


The 2016 Budget invests an additional $4.6 million over four years into FTA (Free Trade Agreement) implementation.

Trade Minister Todd McClay says this new investment will support New Zealand businesses in extracting full value from New Zealand’s network of FTA Agreements.

“New Zealand currently has FTAs with economies that account for more than half our trade. This will increase to 70 per cent once the Trans Pacific Partnership (TPP) enters into force.

“New Zealand has scored high quality FTAs, but the benefits come from Kiwi businesses taking advantage of them. Ensuring businesses have the information and tools for this to happen requires ongoing, co-ordinated cross government FTA implementation work.

“This new investment will support the development of new tools to help business understand and use FTAs. Our tariff finder, for example, has made it a lot easier for SMEs to identify the FTA that gives them the best competitive edge in their export markets. This new money will also help us get improved commitments in FTAs when these come up for review, such as in services, investment, and addressing non-tariff barriers that exporters face.

“This is particularly important as new FTAs come on line. That’s why for example under TPP we have committed to 18 roadshows and Hui around the country to help businesses prepare for its entry into force, and have developed practical online resources for all New Zealanders.

“There is a lot of information for businesses, as they plan for export growth. We want them well equipped to identify and seize new opportunities under all FTAs,” says Mr McClay.

ends

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Supreme Court: Worksafe Decision On Whittall Pike River Prosecution Unlawful

The question in issue on the appeal was whether WorkSafe New Zealand acted to give effect to an unlawful agreement of this nature when it offered no evidence on charges against Peter William Whittall for breaches of the Health and Safety in Employment Act 1992...

The Supreme Court... has found that the decision to offer no evidence was made under an unlawful agreement to stifle prosecution. It has granted a declaration to that effect. More>>

 

Cullen To Chair: Tax Working Group Terms Of Reference Announced

Finance Minister Grant Robertson and Revenue Minister Stuart Nash today announced the Terms of Reference for the Tax Working Group and that the Group will be chaired by Sir Michael Cullen. More>>

ALSO:

Gordon Campbell: On The New Pike River Agency (And The Air Strike Wing)

Much of the sympathy the public still feels for the families of the Pike River miners has been sustained by the sense that the previous government – let alone the mining company and the processes of receivership and litigation – has never dealt honestly, or fairly, with them. More>>

ALSO:

Not Going Swimmingly: Contractor Cut, New Dates For Christchurch Sports Centre

“As an incoming Minister, I have been conducting a thorough review of progress on the Anchor projects and to learn of a $75 million budget blowout on this project was very disappointing..." More>>

ALSO:

Tertiary: Allowances, Loan Living Costs To Get Boost

“From 1 January, student allowance base rates and the maximum amount students can borrow for living costs will rise by a net $50 a week,” says Education Minister Chris Hipkins... further adjusted from 1 April 2018 in line with any increase in the CPI. More>>

ALSO:

Foreign Affairs: Patrick Gower Interviews Jacinda Ardern

Prime Minister Jacinda Ardern says discussions have already begun on how to bring climate change refugees into New Zealand under a Pacific seasonal employment plan... More>>

ALSO:

Gordon Campbell: On The Centre Right’s Love Of ‘Nanny State’

You’d almost think it was 2005 again. That was a time when the rugged individualists of the centre-right were being beset by government regulations on the nature of light-bulbs, the size of shower heads, the junk food available at school tuck shops and other such essentials... More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election