Parliament

Gordon Campbell | Parliament TV | Parliament Today | Video | Questions Of the Day | Search

 

Sutton delighted at progress towards China talks

Sutton delighted at progress towards China talks

The start of negotiations for a trade agreement between China and New Zealand next month will be a big leap forward for New Zealand, Trade Negotiations Minister Jim Sutton said today.

He said there were some real opportunities for New Zealand to be grasped in a free trade agreement with China.

“The joint study, released by Prime Minister Helen Clark and Chinese President Hu Jintao at the APEC meeting in Chile, highlights a potential expansion of New Zealand exports of goods and services to China between 2007 and 2027 are expected to grow between NZ$260 and $400 million a year.

“For China there will be some expansion in exports to New Zealand – potentially between NZ$60 and $100 million a year - but most gains will be achieved by enhanced domestic economic efficiency through increased competition and allocative efficiency within its economy.”

Mr Sutton said the joint study clarified the complementarities that exist between the Chinese and New Zealand economies and does not identify any major problems standing in the way of a free trade agreement.

“The study concludes that an FTA will deliver positive benefits across both economies. However, some sectors in both China and New Zealand might face some adjustment challenges and recommends that these be taken into account in negotiations.”

Mr Sutton said that conclusion was an expected one. The Government has consulted widely with industry, unions, and exporters to identify potential risk areas, and these would be taken into account when setting a mandate for negotiations.

“These negotiations could give us a helping hand into one of the biggest markets in the world. It would be crazy not to start work on making that promise deliver.

“That’s not to say the negotiations are going to be easy. There will, no doubt, be some tough issues, but we will work through them carefully, in consultation with industry and unions. I’m optimistic that in due course we’ll be able to achieve a result that is good for both countries.”

Mr Sutton thanked his colleagues in New Zealand and counterparts in China for all the hard work that had gone into the project so far.

It is expected that the first round of negotiations will be held in Beijing China in the first week of December. There is no set date for when negotiations will be completed.

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Why New Zealand Needs To Change Its Defence Habits


In a flashback to the military displays of days gone by, one of our frigates recently joined a Carrier Strike show of force in the South China Sea, en route to a joint military exercise in Singapore with our traditional allies, called BersamaGold21. Reportedly, Anna Powles, from the Centre of Defence and Security Studies at Massey University felt this to be a case of us doing our bit to uphold international law, and the right of free transit through the region in question... More>>

Government: New COVID-19 Protection Framework Delivers Greater Freedoms For Vaccinated New Zealanders


Vaccinated New Zealanders will regain everyday freedoms when the country moves to a new simplified COVID-19 Protection Framework that doesn’t rely on nationwide lockdowns as the main measure to stop the virus spreading. In a suite of announcements that establish a pathway out of restrictions the Government is also providing up to $940 million per fortnight to support businesses through the challenging period... More>>

ALSO:





 
 


Government: Responds To Independent Review Into WorkSafe

The Government has clear expectations that WorkSafe must action the recommendations of the independent review into the regulator to improve its management of adventure activities following the tragedy at Whakaari White Island, Workplace Relations and Safety Minister Michael Wood says... More>>

Government: New Zealand Secures Historic Free Trade Deal With The United Kingdom
New Zealand and the United Kingdom have agreed in principle the details of a historic Free Trade Agreement (FTA), which will further accelerate our COVID-19 economic recovery say Prime Minister Jacinda Ardern and Minister for Trade and Export Growth Damien O’Connor... More>>

ALSO:

Ombudsman: Launches Investigation Into MIQ Booking System
The Chief Ombudsman Peter Boshier is launching a broad investigation into the Managed Isolation and Quarantine (MIQ) booking system after receiving hundreds of complaints... More>>

ALSO:


Pay Cheque To Pay Cheque: Half A Million New Zealanders Have No Savings
New findings from the Consumer NZ sentiment tracker found that 15% of New Zealanders had no savings, and a further 27% were anxious about their level of savings and would like to have more tucked away... More>>


Government: Mandatory Vaccination For Two Workforces

Large parts of two workforces critical to preventing the spread of COVID-19 will be required to be vaccinated, COVID-19 Response Minister Chris Hipkins said today. “Our education and health and disability workforces have done an incredible job throughout this pandemic to keep themselves and people safe,” Chris Hipkins said.... More>>


Green Party: Deeply Concerned Space Launches May Be Breaching Nuclear-free Laws

The Green Party is deeply concerned that space launches by Rocket Lab may be breaching nuclear-free laws, given our long-standing position as a signatory of the Nuclear Non-Proliferation Treaty... More>>


 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels