Parliament

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

 

Conclusion of ASEAN FTA negotiations


Hon Phil Goff

Minister of Trade


28 August 2008

Media statement

Goff announces conclusion of ASEAN FTA negotiations


Trade Minister Phil Goff today welcomed the conclusion of the ASEAN – Australia – New Zealand free trade agreement (AANZFTA).

Mr Goff has been participating in the annual ASEAN-CER Ministerial meeting in Singapore.

“Reaching substantive conclusion on the FTA is a significant achievement and one that represents a huge milestone in New Zealand’s engagement with the world’s most economically dynamic region,” Mr Goff said from Singapore.

“Our meetings over the last two days went extremely well with all of the outstanding issues of interest to New Zealand’s position in the negotiation resolved to our satisfaction.”

The Association of Southeast Asian Nations, or ASEAN, is made up of Indonesia, Malaysia, Philippines, Singapore, Thailand, Brunei Darussalam, Vietnam, Lao PDR, Myanmar and Cambodia.

“The ASEAN economies represent a market of more than 575 million people and are an increasingly important destination for New Zealand goods, service suppliers and outward investment.

“When you consider that the ASEAN market for New Zealand merchandise has grown at 24 per cent per year over the past three years you appreciate the scale of opportunity this FTA represents for us.

“Last year ASEAN was New Zealand’s third largest merchandise export market worth NZ$4.6 billion.

“This agreement is the first time that ASEAN has negotiated a comprehensive agreement as part of a ‘single undertaking’. This means that the agreement simultaneously spans goods, services and investment, as well as the other areas covered in a modern FTA such as intellectual property,” Mr Goff said.

“New Zealand exporters currently pay in the vicinity of $50 million in tariffs annually on their trade with these economies.

“The FTA is a means by which we will eliminate tariffs on all key items of trade interest to New Zealand in these markets.

“This means we protect New Zealand businesses’ access to ASEAN as well as securing a competitive advantage against other countries that are also active in the region.

“While an important milestone had been reached, three countries still have a bilateral market access issue to work through before the final agreement is signed. Negotiators are now working to bridge the gaps in this remaining area.”

As with the China FTA that was concluded in April this year, all participating countries will be required to undertake legal verification of the texts and the associated schedules. Once this has been completed domestic approval processes will also need to take place before a finalised document can be put forward for signature.

“The importance of concluding this FTA goes beyond simply trade benefits. The agreement is also critical to New Zealand’s longer term strategic engagement and interactions with the Asia-Pacific region,” Phil Goff said

“New Zealand needs to be an integral part of the regionalisation that is underway. We need to ensure that process remains open and outward looking. This FTA, the most comprehensive agreement that ASEAN has ever concluded is an important part of this process,” he said.


ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Democracy 2.0: NextElection Partners With Scoop For Exciting Democracy Tech

NextElection, a technology platform empowering democracy and Government accountability, and Scoop Independent News have partnered to strengthen citizen participation in the 2020 New Zealand General Election, set for September 19th.

Scoop’s ambition for bringing NextElection to NZ is to use it to strengthen and expand Scoop Citizen activities under the auspices of the Scoop Foundation for Public Interest Journalism.

The nextelection.nz platform has been populated by the project team with channels for all the 2020 General Election candidates and political parties. It also features up to date geolocation data based on the latest electoral boundaries. More>> Joint Press Release: NextElection, Scoop.co.nz, ScoopCitizen





       
       

      Travel: Update On New Zealand And The Cook Islands Bubble

      The Prime Minister of New Zealand Jacinda Ardern and the Prime Minister of the Cook Islands Henry Puna have welcomed the completion of phase one in the establishment of a travel bubble between New Zealand and the Cook Island. More>>

      Election 2020: Labour Launch

      E ngā mana e ngā reo Ngāti whātua ngā mana whenua o Tāmaki Makaurau, e tika te kōrero Ehara taku toa he toa (taki tahi) he toa (taki tini) No rēira tātou e huihui mai nei, ka ‘Hoake tonu tātou’ Thank you for that welcome. And thank ... More>>

      Gordon Campbell: On Political Twins, And On Labour Extending Its Wage Subsidy Scheme

      A quick quiz for the weekend. Which political party currently represented in Parliament issued a press release yesterday that contained these stirring passages: “[We have] long supported a free trade and free movement area between Canada, Australia, New ... More>>

      ALSO:

      Parliament Adjourns: Adjournment Debate: Speaker Trevor Mallard

      The 52 Parliament has sat for the last time before the September Election. It sat for 245 days... More>>

      ALSO:

      E-Cigarettes: Vaping Legislation Passes

      Landmark legislation passed today puts New Zealand on track to saving thousands of lives and having a smokefree generation sooner rather than later, Associate Health Minister, Jenny Salesa says. The Smokefree Environments and Regulated Products (Vaping) ... More>>

      ALSO:


      National: $4 Billion Investment To End Wellington’s Congestion Woes

      A National Government will invest another $4 billion in transport infrastructure across Wellington, igniting the economy and delivering the congestion-busting solutions the region has long been crying out for, National Party Leader Judith Collins says. ... More>>

      ALSO:



      Covid-19: Poll On Management Approval

      New Zealanders’ overall trust in the Ministry of Health and Government to manage the COVID-19 pandemic is at 82%, down from 91% during April. Overall distrust that the Ministry and Government will manage it in ways which best protect themselves More>>

      Election 2020: National Releases 2020 Party List

      National’s 2020 Party List is a strong mix of experience coming up through our Caucus, and new and exciting talent joining our team from communities across New Zealand, Party President Peter Goodfellow says. “The National Party is incredibly ... More>>

      Horizon Research Limited: How Judith Collins Stopped The Bleeding

      Horizon Research includes questions on voting from time to time in its surveys – for both forthcoming referenda and general elections. More>>

      Your Vote 2020: Bringing Election Coverage To Viewers Across TVNZ Channels And Platforms

      As New Zealand gets ready to head to the ballot box this September, 1 NEWS is bringing voters comprehensive coverage and analysis of this year’s General Election. TVNZ’s coverage will draw on the depth of experience held across the 1 NEWS team, says Graeme ... More>>

      Economy: 30% Believe Households Worse Off, 298,000 Expect To Lose Jobs

      64% of New Zealanders feel the economic position of their households is the same or better than a year ago – and 30% think it is worse or much worse, while 298,000 think they will lose their jobs in the next 12 months. Households’ perceptions ... More>>

      State Services Commission: Findings Of Investigation Into COVID-19 Active Cases Privacy Breach

      Deputy State Services Commissioner Helene Quilter has today announced the findings of an investigation into a breach of privacy regarding sensitive personal information. The investigation looked into who or what caused the disclosure of the information, ... More>>

      International Security: New Zealand Suspends Extradition Treaty With Hong Kong

      The New Zealand Government has suspended its extradition treaty with Hong Kong and made a number of other changes in light of China’s decision to pass a national security law for Hong Kong, Foreign Affairs Minister Winston Peters says. More>>

      ALSO:


       
       
       
       
       
       

      LATEST HEADLINES

      • PARLIAMENT
      • POLITICS
      • REGIONAL
       


       

      InfoPages News Channels