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


Singapore becomes third nation to ratify CPTPP

Hon David Parker

Minister for Trade and Export Growth

19 July 2018 PĀNUI PĀPĀHO


Singapore becomes third nation to ratify CPTPP

Singapore has notified New Zealand it has completed its domestic procedures to ratify the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).

It is the third nation to inform New Zealand, as Depositary for the CPTPP, that it has ratified.

Minister for Trade and Export Growth David Parker congratulated Singapore on the move.

“We welcome Singapore’s commitment to this enlarged grouping and the constructive role it has played in getting us to this point. The CPTPP will further cement our close trading relationship,” David Parker said.

“Like New Zealand, Singapore was part of the P4 pact that grew into the 11-member CPTPP.”

New Zealand and Singapore are also in the process of upgrading our bilateral trade agreement, the Closer Economic Partnership, as part of a wider Enhanced Partnership.

Singapore is New Zealand’s sixth-largest trading partner with two-way goods and services trade of totalled $4.6 billion in the year to March 2018.

“Singapore joins Mexico and Japan, who have also ratified the CPTPP in the past month. We are now halfway towards having the six ratifications required to bring CPTPP into force.”

The CPTPP comes into force 60 days after at least six of the 11 signatories have ratified.

New Zealand hopes to complete its ratification procedures before the end of the year. The Bill which includes the changes necessary for ratification is now before Parliament’s Foreign Affairs, Defence and Trade select committee.

The CPTPP is part of this Government’s broader trade agenda, which has seen recent progress with the EU and the UK’s signal that, once it leaves the EU, it will prioritise a deal with New Zealand.

David Parker heads to Mexico on Saturday for talks with the four-nation Pacific Alliance.

“Businesses and workers can be sure we will support them to achieve greater market access for our exports and wider opportunities under our Trade for All agenda,” David Parker said.

© Scoop Media

Parliament Headlines | Politics Headlines | Regional Headlines

There Is A Field: Reimagining Biodiversity In Aotearoa

We are in a moment of existential peril, with interconnected climate and biodiversity crises converging on a global scale to drive most life on Earth to the brink of extinction. However, our current worldview and political paradigm renders us incapable of responding adequately due to its disconnected and divisive default settings.

These massive challenges can, however, be reframed as a once in a lifetime opportunity to fundamentally change how humanity relates to nature and to each other. Read on The Dig>>

The Dig: Scoop’s Engaged Journalism Platform Launches
The Scoop Ecosystem has grown bigger with the launch of The Dig - a new public interest, in-depth, Engaged Journalism platform. More>>


Unscoped Or Missed Damage: Resolution For Canterbury Owners Of On-Sold Homes

People with over-cap on-sold* properties in Canterbury can now apply for a Government payment so they can get on and repair their homes. More>>


Hamilton-Auckland: First Urban Growth Partnership Signed

New Zealand’s first urban growth partnership between the Government, local councils and mana whenua was signed at a meeting of mayors, chairs and ministers in Hampton Downs today. More>>


Vote On Action Next Week: Secondary Principals Walk From Negotiations

“Unfortunately we consider there is no further value in continuing negotiations at this point. The government has not been able to table an offer that will be acceptable to our members.” More>>

Patrol Car Stolen, Glocks Taken: Manhunt In Gore

The driver rammed the patrol car before fleeing on foot with Police chasing, also on foot. The man has then circled back around, stolen the patrol vehicle, which had the keys left in it, and rammed another Police car... Two Police-issued Glock pistols were stolen. More>>


"Shocking And Dangerous": Accused Mosque Shooter's Prison Letter Posted Online

The man accused of the Christchurch mosque attacks has sent seven letters from prison and had two others withheld, Corrections Minister Kelvin Davis says. Corrections has now blocked the accused gunman from sending or receiving mail... More>>


Standing On List Only: Paula Bennett To Run National’s Election Campaign

The National Party is pleased to announce the appointment of Paula Bennett as our Campaign Chair for the 2020 General Election, President Peter Goodfellow says. More>>

Waiver For State Care Inquiry: Historic Abuse Survivors 'Can Speak Freely'

Abuse in state care survivors can take part in the forthcoming Royal Commission proceedings without being bound by any confidentiality obligations to Crown agencies under their historic claim settlements, Minister of State Services Chris Hipkins said. More>>


Trail Trial: Sexual Violence Court Reduces Lead-Up Times And Trauma

An evaluation of New Zealand’s first sexual violence court has confirmed that the approach taken in the judge-led pilot considerably reduces the time that cases take to reach trial. More>>




InfoPages News Channels