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

 

Progress on CPTPP Welcomed

Progress on CPTPP Welcomed as Important for Maintaining Competitive Edge

The Dairy Companies Association of New Zealand (DCANZ) has welcomed the news that negotiators concluded the deal on the Comprehensive and Progressive Trans Pacific Partnership (CPTPP) overnight in Tokyo.

“It’s pleasing to see deal on CPTPP come together” says DCANZ Chairman Malcolm Bailey.

“While the agreement does not go as far as we would like in terms of dairy access, there are some useful gains in markets such as Japan and Mexico” says Mr Bailey “CPTPP market access outcomes are also critical to avoid New Zealand dairy exporters ending up at a tariff disadvantage in key markets, including Japan”.

Over the past year there have been some big trade developments in the trans-pacific region, including the conclusion of FTA negotiations between Japan and the EU. The EU and Mexico are also looking to upgrade their existing FTA. Both are key markets for New Zealand dairy exports, with the Japanese market worth more than $795 million for New Zealand dairy exporters in the year to November 2017.

“Given these developments, the timely implementation of CPTPP is critical. It is great to see indications that the agreement will be signed very soon”.

Mr Bailey said it was clear that New Zealand was continuing to play a strong leadership role on trade issues and, longer-term, it was important for CPTPP to be a launch pad for the elimination of all remaining barriers to regional dairy trade.

“We congratulate Prime Minister Jacinda Ardern, Trade Minister David Parker and trade officials on the progress they have made. We also acknowledge the efforts of successive Trade Ministers, including Todd McClay and Tim Groser”.

ENDS

© 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: