Gordon Campbell | Parliament TV | Parliament Today | News Video | Crime | Employers | Housing | Immigration | Legal | Local Govt. | Maori | Welfare | Unions | Youth | Search

 

NZ International Business Forum welcomes Japan to TPP

24 July 2013

NZ International Business Forum welcomes Japan to TPP

The New Zealand International Business Forum (NZIBF) today congratulated the Japanese Government on Japan’s formal association with the Trans Pacific Partnership (TPP) negotiations underway in Kota Kinabalu, Malaysia.

“Japan is a major economic partner for New Zealand and this important relationship can only be further strengthened by the improved rules for trade and investment that TPP will bring,” said NZIBF Executive Director, Stephen Jacobi.

Japan was admitted to the negotiation in April but Japanese negotiators were only able formally to take up their seat at the negotiating table once domestic consultation procedures in the TPP economies were complete.

“Japan's entry into TPP further enhances TPP's potential as a pathway to wider trade liberalization in the Asia Pacific region. Until recently Japan was the only economy in North Asia with which New Zealand neither had an FTA nor a negotiation underway. Now New Zealand is negotiating with Japan in both TPP and the Regional Comprehensive Economic Partnership (RCEP). That is good news for New Zealand exporters and importers and for New Zealand business as a whole.”

Japan is New Zealand’s fourth largest trading partner, with two-way trade worth NZ$6.1 billion in 2011.

Research undertaken by the East-West Center, in Honolulu, states that the TPP could add around $2.1 billion to the New Zealand economy by 2025. Those gains are increased to around $5.1 billion once Japan is added into the mix, driven largely by exports jumping 6.8% above baseline.

Mr Jacobi said NZIBF had already undertaken significant discussion with counterparts in Japan.

“Discussions with Japanese business organizations in Tokyo two weeks ago underlined a strong alignment of interest in TPP. We plan to build on this discussion in coming months. There is also a sense that the economic relationship with Japan while significant has lacked momentum in recent years. TPP is a chance to change that equation and we look forward to this negotiation with Japan.”

A copy of the East-West Center study is available at http://www.iie.com/publications/pb/pb12-16.pdf

About NZIBF (www.nzibf.co.nz)
NZIBF is a business organisation which aims to generate wealth for New Zealanders by helping to ensure that New Zealand enterprises are fully integrated and engaged in the global economy and New Zealand’s global competitive position is maximised. NZIBF participants represent companies and sectors with a turnover of over $20 billion. NZIBF provides policy advice to the members of ABAC New Zealand.

ENDS

© Scoop Media

 
 
 
Parliament Headlines | Politics Headlines | Regional Headlines


Gordon Campbell: On The Roe v Wade Aftermath


Now that the right of US women to abortion (formerly protected by Roe v Wade) has been abolished, the important role of medication-induced abortion will come even more to the fore. Already, research by the Guttmacher Institute reproductive rights centre shows that over half of US abortions are obtained by medication. According to the US Food and Drug Administration and the World Health Organisation, the abortion pills can be safely self-administered at home within the first ten weeks of pregnancy, rather than via a surgical procedure carried out in a bricks-and-mortar abortion clinic...
More>>



 
 


Winston Peters: Issues Judicial Review Proceedings

Winston Peters has issued judicial review proceedings against Speaker of the House the Rt Honourable Trevor Mallard, challenging Mr Mallard’s issue of a trespass warning against Mr Peters on 28 April 2022, which the Speaker then withdrew on 4 May 2022... More>>

Government: Electoral Changes Will Bring Greater Transparency For Voters

Changes to electoral law announced by Justice Minister Kiri Allan today aim to support participation in parliamentary elections, and improve public trust and confidence in New Zealand’s electoral system... More>>


Parliament: Grounds Fully Reopened

Parliament’s grounds have been fully reopened today at a ceremony and community event with mana whenua, members of the public, and representatives of Parliament... More>>


NZ Republic: Charles CHOGM Speech Green Light For Change
“Prince Charles had made it clear in his speech to the Commonwealth Heads of Government Meeting (CHOGM) in Rwanda today that even the Royal family think it’s time for change” said Lewis Holden, campaign chair of New Zealand Republic... More>>


National: Goodfellow To Retire As Party President
Peter Goodfellow today announced he will not seek re-election as President of the National Party at its Annual Conference. Mr Goodfellow will remain as a director on the board for one final term to assist in the transition... More>>

Police: Parliament Occupation Investigators Seek Public Assistance
Police investigating criminal activity on the final day of the occupation at Parliament grounds earlier this year are appealing for the public’s help to identify 15 people... More>>

 
 
 
 
 
 

LATEST HEADLINES

  • PARLIAMENT
  • POLITICS
  • REGIONAL
 
 

InfoPages News Channels