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

 

Free trade with EU urged

Media release

16 September 2015

Free trade with EU urged

International trade between New Zealand and the European Union should be freed up, says BusinessNZ.

Tonight BusinessNZ hosts the launch of a trade discussion paper, with the European Union Charge d’Affaires and Heads of Mission and the NZ International Business Forum, on the prospects for a free trade agreement between the EU and New Zealand.

BusinessNZ Chief Executive Phil O’Reilly says the lack of a free trade agreement means New Zealand faces tariffs on all major exports to the EU, and also means the new realities of two-way trade, with increasing focus on manufactured and high technology goods, are not taken into account.

Many products from other countries gain preferential access to the EU, because free trade agreements have been negotiated with those countries.

“The need for freer trade with the EU is critical,” Mr O’Reilly said.

“The EU also faces non-tariff barriers when seeking to export to New Zealand. Both markets would benefit significantly from a new agreement.

“We would urge the New Zealand and European Union governments to enter into negotiations as a matter of priority.”


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

Reserve Bank: Ongoing Monetary Tightening
The Monetary Policy Committee today increased the Official Cash Rate (OCR) to 3 percent from 2.5 percent. The Committee agreed it remains appropriate to continue to tighten monetary conditions... More>>



Statistics: Weekly Earnings Rise As More In Full-time Employment

Median weekly earnings from wages and salaries rose by 8.8 percent to $1,189 in the year to the June 2022 quarter, Stats NZ said today... More>>



Bell Gully: Uncertainty Ahead With New Unconscionable Conduct Legislation

new prohibition against ‘unconscionable conduct’ in trade is one of a number of changes to the Fair Trading Act 1986 that come into force from 16 August 2022. The new prohibition may have wide-ranging implications for many businesses... More>>


Electricity Authority: Imposes Interim Restrictions On Very Large Electricity Contracts

Consumers of electricity will be protected from potentially paying more than they should due to the impact of very large electricity contracts on wholesale prices, under urgent changes announced today by the Electricity Authority... More>>


Westpac: Economic Overview, August 2022 – Pushing Through

The New Zealand economy faces some lean growth in the year ahead as households’ budgets are squeezed, according to Westpac’s latest Economic Overview... More>>


Kiwi Group Holdings: Fisher Funds Acquires Kiwi Wealth Business

Kiwi Group Holdings Limited (KGHL) today announced the sale of Kiwi Wealth to Fisher Funds for NZ$310 million... More>>