Parliament

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

 

China-US Deal Good News For New Zealand

MEDIA STATEMENT
16 November 1999
FOR IMMEDIATE RELEASE

CHINA-US DEAL GOOD NEWS FOR NEW ZEALAND

Agreement between China and the US on China’s accession to the World Trade Organisation (WTO) is excellent news for New Zealand farmers, manufacturers and service suppliers, according to Trade Minister Lockwood Smith.

“New Zealand was the first country to sign off on its bilateral agreement with China on accession, and has consistently supported China’s accession in order to ensure that one of the world’s largest and fastest growing economies is brought into the global trading system,” Dr Smith said.

“Today’s agreement will set a positive atmosphere at the Third WTO Ministerial meeting in Seattle, and once China is admitted, there will be rewards for New Zealand exporters through better access, higher returns, and more certainty and stablity through preventing the unilateral introduction of trade barriers that could disrupt trade.

“New Zealand’s agreement with China two years ago established significant cost savings for exporters from the reduced tariffs covering 87% of our exports. These advantages will be further boosted when deeper tariff negotiations agreed by the US and other WTO members come into effect.

“Since I negotiated New Zealand’s bilateral agreement in 1997, we have had a better framework for our wool exports to China. But there have been serious problems this year in getting access, and we have been working with China to resolve these issues.

“During APEC, I reached agreement to send a top level negotiating team, including wool industry representatives, to Beijing for talks with China’s Chief WTO negotiator Long Yongtu.

“This delegation visited Beijing last week, and I am advised that we have found a mutually satisfactory solution for access to China’s wool quota, which is a condition of New Zealand’s bilateral agreement with China on WTO membership.

“I will be calling a senior official from the US Trade Representative this morning and shall write to Long Yongtu this week to convey New Zealand’s congratulations on today’s historic agreement,” Dr Smith concluded.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines

Gordon Campbell: On Tourism’s Endless Sense Of Grievance

Sad that a once in a century pandemic should have come along before the government had a clearly thought out plan for rescuing all the firms and saving all the jobs in the tourism sector. Sad that the government now looks like it was making up the criteria for support as it went along. But guess what? To some extent, they were. Possibly because in the modern era, a pandemic had never before caused international travel to evaporate almost overnight... More>>

 

PREFU: Economy Doing Better Than Forecast

The Pre-election Economic and Fiscal Update released today shows that the near-term economic recovery has been stronger than the Treasury and many economists predicted at the May Budget, as the economy bounced back strongly out of lockdown... More>>

ALSO:


PM Statement: Cabinet COVID-19 Alert Level Review

Takiri mai te ata, ka ao, ka ao, ka awatea, tihei mauriora! Tātou katoa ngā iwi o Aotearoa, tēnā koutou! Tēnā tātou e whakanuia ana i te wiki nei, te wiki o te reo Māori Greeting to you all from Otepoti, Dunedin. This week is the Māori ... More>>

ALSO:

Greens: $297m Fund To Support Sustainable Food And Farming

The Green Party has released its Farming for the Future Plan, including a $297m fund to support farmers and growers to transition to climate-friendly practices. The plan will: · Improve how we look after our land and water, with a levy on the ... More>>

ALSO:

National: Plan To Restore NZ’s Prosperity

National’s Economic and Fiscal Plan carefully balances the need to invest in infrastructure and core public services while also reducing tax pressure on Kiwi families and businesses. National Leader Judith Collins and Finance spokesperson Paul Goldsmith unveiled National’s ... More>>

ALSO:

NZ First: Party List

New Zealand First has a proven twenty-seven-year history of bringing balance and common sense to our government. Amid the continued setbacks of COVID-19 restrictions, New Zealand First has once again sustained its profile by selecting a strong team ... More>>

Election: Arriving Travellers In Isolation To Be Able To Vote By Telephone

Up to 5,000 people in managed isolation or quarantine will be able to vote by telephone in the general election and referendums after an amendment to electoral regulations last week. Chief Electoral Officer Alicia Wright says the Electoral Commission sought ... More>>

National: Investing In Our Children’s Future

A National Government will prioritise lifting achievement for all New Zealand children, no matter their background or ability, National Party Leader Judith Collins and National’s Education spokesperson Nicola Willis say. “Parents just want what’s best for ... More>>

Police: Numerous Arrests Following Investigation Into Historical Offending At Auckland School

Detective Senior Sergeant Geoff Baber, Auckland City Police: Police have made six arrests as part of an operation investigating historical offending at Dilworth School. Auckland City Criminal Investigation Branch have been investigating since a complaint ... More>>

ALSO:

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 


 

InfoPages News Channels