Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

New study on proposed Hong Kong-NZ trade agreement

Yesterday, ARENA (Action Research & Education Network of Aotearoa) published a study by Bill Rosenberg entitled

Globalisation by Stealth - The proposed New Zealand-Hong Kong Free Trade Agreement and investment

With a preface by Jane Kelsey, the study looks at the investment relationships between Hong Kong and New Zealand. It uncovers multi-billion financial transfers to New Zealand for "tax minimisation purposes". The strange "intermediary" relationship Hong Kong plays with China is analysed; again avoidance of taxes and tariffs are primary drivers. It finds that -

The New Zealand and Hong Kong governments are currently engaged in "exploratory talks" with the aim of negotiating a free trade and investment agreement (FTIA).

Though the government has failed to release any details of what is proposed to the public, this paper finds that if such an agreement is based on the recently ratified Singapore-New Zealand Closer Economic Partnership (SNZCEP), an existing Investment Promotion and Protection Agreement (IPPA), and the WTO, it presents the following dangers to New Zealand, among others:

· Destruction of the remaining textiles, clothing and footwear industry

· Litigation by investors in closed international tribunals against the effects

and existence of laws and regulations that protect our environment and economic development, resulting in multi-million dollar compensation payments and possible reversal of local and central government policies.

· Further pressure to commercialise our social services such as education,

health, public broadcasting, waste disposal and water.

· Further constraints on the use of central and local government procurement to

encourage economic development.

· Growing constraints on local government in all these areas.

· Encouragement of large short term international capital movements, and further loss of the control of capital movements and foreign investment which are

essential to develop New Zealand's economy and protect ownership of land and fishing quota.

The paper is available from ARENA in book form: contact

ARENA Action Research & Education Network of Aotearoa P O Box 2450 Christchurch Phone: (03) 381 2951 Fax (03) 3668035 Email: arena.nz@clear.net.nz Web page: www.arena.org.nz

Alternatively, it is available on CAFCA's web site http://canterbury.cyberplace.org.nz/community/CAA but ARENA (and CAFCA!) would appreciate a donation to continue the work.


© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On The Peters/Ardern Triumph

There are a lot of good reasons to feel joyful about this outcome. It is what so many young voters – the best hope for the country’s future – wanted.

Far more important than the implications for the Economy Gods ( is the dollar up or down? ) last night’s outcome will also mean many, many vulnerable New Zealanders will have a better life over the next three years at least.

Yet the desire for change was in the majority, across the country..>>>More


Reaction

Labour on its agreement |Peters: Post-Election Announcement Speech | Greenpeace “cautiously hopeful” about new Government | ACT - Madman on the loose | E tū ecstatic | Chamber welcomes the outcome | Greens on their joining Govt | EDS welcomes new govt | Immigrant groups worry | Feds ready to engage new coalition government | Labour Ministers of the Crown announced

 

Climate: Increasing Greenhouse Emissions Hit NZ

New Zealand is seeing impacts of excess greenhouse gas emissions in our climate and oceans, according to the latest national report from the Ministry for the Environment and Stats NZ about the state of the atmosphere and climate…More>>

ALSO:


Wellington.Scoop: Arrests At Blockade Of "Weapons Expo"

“We encourage people in Wellington to get down to the Westpac Stadium now for a day of awesome peace action. There will be plenty of food, music and activities to keep us sustained through the day.” More>>

ALSO:

Rorschach Restructuring: PSA Taking Inland Revenue To Court Over Psychometrics

The Public Service Association will be seeing Inland Revenue in Employment Court over its intention to psychometrically test employees reapplying for their roles at the department as part of its controversial Business Transformation restructuring plan. More>>

ALSO:

Nuclear Disarmament: Nobel Peace Prize 2017 Awarded To ICAN

Congratulations from iCAN Aotearoa New Zealand to international iCAN, the other iCAN national campaigns and partner organisations, and the countless organisations and individuals who have worked so hard for a nuclear weapons-free world since 1945. More>>

ALSO:

Expenses: Waikato DHB CEO Resigns

An independent inquiry has identified that Dr Murray had spent more than the agreed $25K allocated for relocation costs, and other unauthorized expenses involving potential financial breaches of the chief executive’s obligations. More>>

ALSO:

Wellington.Scoop: Sad About The Trolley Buses?

The Regional Council’s MetLink is today spending money to tell us that it really loves Wellington’s trolley buses, even though they’re all being taken off our roads by the end of this month. More>>

ALSO:

Post-Election: Preliminary Coalition Talks Begin

New Zealand First will hold post-election preliminary discussions in Wellington with the National Party tomorrow morning and the Labour Party tomorrow afternoon. More>>

 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

Featured InfoPages

Opening the Election