Mexico’s bid to enter TPP
negotiations demonstrates the power of multilateral trade
deals, says ExportNZ.
The Trans Pacific Partnership
started life as a relatively small agreement between four
disparate countries – Brunei, Chile, Singapore and New
Zealand - but is now the subject of negotiations with
several major Pacific economies.
ExportNZ Executive
Director Catherine Beard says the decision by those initial
four countries to work towards an independent trade deal,
because of the lack of progress of the Doha world trade
negotiations, was a good call.
“The TPP has now
attracted Mexico, the world’s 14th largest economy, into
the negotiations.
“Significantly, this move has
occurred with the full support of the US, another member of
the TPP negotiations, and a country whose full membership of
TPP would have major benefits for New Zealand.
“Full
credit to New Zealand’s trade negotiators for this
milestone in their work on behalf of our exporters and
economy,” Ms Beard said.
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