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

 

BusinessNZ says TPP a good deal for New Zealand

6 October 2015

BusinessNZ says TPP a good deal for New Zealand

BusinessNZ is congratulating Trade Minister Tim Groser and Chief Negotiator David Walker on getting the best deal possible for New Zealand in the Trans Pacific Partnership.


Chief Executive Phil O’Reilly said the TPP deal opens New Zealand up to trading with an important group of economies.
“Multilateral trade deals are the only way to go for a small country like New Zealand. We’re now assured access to an influential group of trading partners in the pivotal Pacific arena, including the US and Japan.”

“This has been a hard deal to conclude with all the competing interests. Concluding these deals requires all parties to make compromises.”
“While we did not get all we wanted out of dairy access, sitting on the side-lines was not an option. This trade bloc represents 40% of world GDP.”

“If New Zealand wants to broaden its economic base and move away from an over-reliance on selling commodity products to the world, we needed to secure a high quality deal that gives greater market access to both goods and services exports and one that encourages investment.

“We also need a good geographic spread of countries we can trade with and TPP gives us access for the first time on a competitive basis to huge markets. The opportunities from this deal will be bigger than our FTA with China.

“The deal will also see a fair and predictable investment environment for companies investing in overseas markets.”

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Government: David McLean Appointed As KiwiRail Chair

David McLean has been appointed as Chair of KiwiRail Holdings Ltd, the Minister for State Owned Enterprises Dr David Clark and Minister of Finance Grant Robertson announced today... More>>


Dairy NZ: ‘More Milk From Fewer Cows’ Trend Continues In A Record Year
Vodafone says it has 10,000 customers using its Wi-Fi Calling service. It took less than three months to reach that milestone; the service began operating in September... More>>

Statistics: Consents Remain At Record Levels
There were 47,715 new homes consented in the year ended October 2021, up 26 percent compared with the year ended October 2020, Stats NZ said today. "The year ended October 2021 marks another record for the annual number of new homes consented,” construction statistics manager Michael Heslop said... More>>



Fonterra: Lifts Forecast Farmgate Milk Price Range And Revises Earnings Guidance At First Quarter Update

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range, reported a solid start to the 2022 financial year and revised its earnings guidance... More>>


Canterbury Museum: New Research - Bald Haast's Eagle Feasted On Moa Guts

New Zealand’s extinct Haast’s Eagle (Hieraaetus moorei), the largest known eagle, gulped down viscera like a vulture and may even have been bald, new research suggests... More>>

ABC Business Sales: Demand High For Covid-proof Businesses
Despite the continuing challenges facing businesses in this Covid environment, right now there are more buyers looking for a small-medium sized business than there are sellers in the market... More>>


PriceSpy: Producer Prices Increase
New Black Friday and Covid-19 Report* released by PriceSpy says people’s fear of stepping inside physical shops during big sales events like Black Friday has risen since last year; Kiwis are still planning to shop, but more than ever will do it online this year... More>>