Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 

Response to Zoellick Comments - Disappointing


Response to Zoellick Comments - Disappointing but not Surprising

It's disappointing but not surprising said TLN, Executive Director, Suse Reynolds in response to US Trade Representative Bob Zoellick's comments about the difficulties of a trade deal with New Zealand.

"We have always known a trade agreement with the US wasn't going to be easy," said Reynolds.

New Zealand's agricultural industry, small as it is compared to the US's, is seen as a real threat to US farmers. They have tremendous clout in Washington, even though their contribution to the US economy is minuscule" Reynolds pointed out.

"Then there's the bottom line - our market is tiny, theirs is huge. We don't offer much growth potential. Those are the realities."

"But they are not reasons to give up. We can't ignore the fantastic potential for growth open US borders would offer our exporters and the US can't ignore the fantastic strategic possibilities New Zealand offers."

"This set back should however send a strong message to the Government and New Zealand exporters about importance of multilateral trade liberalisation. A successful WTO round continues to offer us the best chance for meaningful and sustainable growth," Reynolds concluded.

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

SMC Expert Reaction: Record Dry Spells And Effects On Forests

With no rain forecast before Sunday, Auckland is about to break a record for the city's longest dry spell. Niwa says Auckland is likely to hit 40 consecutive days without rain this weekend . The upper North Island is seeing severe meterological ... More>>

ALSO:

Reserve Bank: Official Cash Rate Remains At 1.0 Percent

The Monetary Policy Committee has decided to keep the Official Cash Rate (OCR) at 1.0 percent. Employment is at or slightly above its maximum sustainable level while consumer price inflation is close to the 2 percent mid-point of our target range. ... More>>

ALSO:

Research: Climate Change Throws Tree Seeding Out Of Sync – New Study

Climate change is negatively affecting tree reproduction by throwing seed production systems out of synchronisation, according to a new international study co-authored by a University of Canterbury scientist. Many tree species worldwide produce large ... More>>

ALSO:


Science Media Centre: Novel Coronavirus Detected In China – Expert Reaction

The virus was detected after more than 40 people were hospitalised with pneumonia in Wuhan City, China and the outbreak traced to a large animal and seafood market. The Centers for Disease Control and Prevention reports that person-to-person transmission ... More>>

ALSO:

Science Media Centre: Flooding could release toxic gas – Expert Reaction

A chemical substance known as ouvea premix stored at an old paper mill in Mataura could release toxic ammonia gas if it comes in contact with water.More>>

ALSO: