Parliament

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

 

Processed timber a big winner under TPP

Hon Todd McClay

Minister of Trade

23 February 2016


Processed timber a big winner under TPP

Trade Minister Todd McClay says forestry and tourism are just two of the big winners once the Trans-Pacific Partnership (TPP) comes into force.

Speaking at the Rotorua Chamber of Commerce today, Mr McClay said regional New Zealand will reap the benefits of TPP with economic growth and jobs.

“New Zealand exported $1.5 billion in forestry products to TPP countries in 2015, 32 per cent of total forestry product exports.

“Once TPP is fully implemented, all tariffs will be eliminated across the 12 Parties, saving the forestry sector $11 million every year in tariffs.

“And that is mostly on value-added timber,” says Mr McClay.

In Canada, all tariffs will disappear immediately once TPP enters into force. In the United States, 98 per cent of tariffs paid will be eliminated immediately and the remainder over 8 years, and in Vietnam, paper and paperboard products will become tariff free in four years or less - something not previously achieved in the ASEAN-Australia-New Zealand FTA (AANZFTA).

“Japan is New Zealand’s fourth-largest export market for forestry products. With TPP, almost 80 per cent of tariffs will be eliminated on entry into force. This includes all duties on fibreboard, nearly all builders’ joinery, and sawn wood. Particle board and plywood will see a 50 per cent reduction in tariffs on entry into force and total elimination of tariffs in 11 and 16 years respectively,” says Mr McClay.

“Tourism is another winner. It is already booming here in Rotorua and elsewhere around New Zealand but TPP can only increase those numbers.

“The TPP sends an important message to 800 million people in 12 TPP countries that New Zealand is open for tourism and open for business. The Agreement will improve market access for New Zealand travel companies and tour operators, particularly those seeking to operate in Canada, Japan, Mexico, Peru, and the United States.

“It will also improve the ability of business people to secure visas in a timely and transparent way, which will encourage business and international trade.

“The regions of New Zealand should be celebrating TPP. As I travel around New Zealand I will be celebrating their gains under this agreement with them.”

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On Our Weird Ways Of Funding Care For The Dying


National Party leader Judith Collins thinks the government’s traffic light system for emerging from Covid lockdowns is “confusing.” Perhaps she could be looking in the mirror because in recent weeks, National has hardly been a model of crystalline clarity. On RNZ this morning Collins was calling for the scrapping of all vaccine certificates and mandates once we hit 90% double dose vaccination. Yet in recent weeks, Chris Bishop, National’s Covid spokesperson has been indicating that vaccine certificates and employment mandates will be, and should be, part of our new Covid landscape... More>>

Government: Backs Business To Vaccinate Workforces


The Government is introducing a range of measures to help protect workplaces and workers from COVID-19, Minister for Workplace Relations and Safety Michael Wood announced today.
“We’ve heard the calls from employers and employees to provide certainty on what roles need to be done by vaccinated workers under the COVID-19 Protection Framework... More>>

ALSO:





 
 

Three Waters: Government To Protect Vital Public Water Services For Future Generations
Local Government Minister Nanaia Mahuta today confirmed the Government will create four publicly owned water entities to ensure every New Zealander has access to affordable, long-lasting drinking, waste and storm water infrastructure... 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:



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