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

 

Hopes for CPTPP


Hopes for CPTPP

BusinessNZ has welcomed progress towards the new Trans Pacific Partnership, now CPTPP.

BusinessNZ Chief Executive Kirk Hope says a successful conclusion to negotiations would mean new income and jobs in New Zealand.

"The value and volume of our exports increase enormously in countries where we reach a free trade agreement, and every extra billion dollars in exports equates to 8,500 new jobs.

"But New Zealand has not yet achieved many trade agreements - only 8, with 16 countries, far fewer than many other comparable countries have.

"The CPTPP would greatly increase this number, cutting tariffs in many more places and increasing diversity in markets, helping insulate us against any economic headwinds we may face in the future.

"New Zealand exporters are typically smaller than their global competitors and have further to go to get their goods to market. They currently find it hard to compete in markets where we don’t have trade agreements.

"A successful conclusion to the CPTPP would be a huge boost
for New Zealand’s exports."

ENDS

© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 


Statistics: Annual Inflation Hits A Three-decade High At 5.9 Percent
The consumers price index increased 5.9 percent from the December 2020 quarter to the December 2021 quarter, the biggest movement since a 7.6 percent annual increase in the year to the June 1990 quarter, Stats NZ said today... More>>



Digitl: Bumper year ahead for NZ IT sector

Gartner says New Zealand spending on technology products and services will grow 7.4 percent this year. The company’s latest forecast says the market will total NZ$15.3 billion in 2022... More>>



Fonterra: Lifts Forecast Farmgate Milk Price Range

Fonterra Co-operative Group today lifted its 2021/22 forecast Farmgate Milk Price range to NZD $8.90 - $9.50 per kgMS, up from NZD $8.40 - $9.00 per kgMS. This increases the midpoint of the range, which farmers are paid off... More>>



Skoltech: Study Probes Earth’s Turbulent Past To Explain Where Oceans Came From

The origin of water on our planet is a hot question: Water has immense implications for plate tectonics, climate, the origin of life on Earth, and potential habitability of other Earth-like planets. In a recent study in Physical Review Letters, a Skoltech professor and his Chinese colleagues suggest... More>>


Statistics: Household Net Worth Grows In The September 2021 Quarter But At A Slower Pace Compared To March 2021

Household net worth grew by $60.7 billion in the September 2021 quarter compared with the June 2021 quarter, Stats NZ said today. This represents an increase of 2.5 percent, a similar result to the June 2021 quarter, which was up $60.6 billion or 2.6 percent... More>>

TradeMe: Job Market Ends 2021 On A High With Record Number Of Vacancies
The New Zealand job market finished 2021 on a high note, with the ball still firmly in the job hunters’ court, according to the analysis of 69,600 vacancies listed on Trade Me Jobs for the quarter ending 31 December (Q4)... More>>