It’s been a busy but tough year for trade. Read our end-of-year roundup by Executive Director Stephen Jacobi.
Statement by coalition of national business associations on European Commission vaccine export regime
February 15, 2021
As the COVID-19 pandemic continues, it remains critical for governments to act in a coordinated manner to enable the safest and quickest re-opening possible of our economies and to better protect the health of people around the world. Many wealthier countries will be able to manage their own vaccine supply, and the disruptions caused by measures imposed by the EU could hit the poorest countries disproportionately. This is a global pandemic and the vaccine needs to be universally available if we are to hope to have any chances of returning to normal.
As business associations from the European Union’s largest trading partners, we are deeply concerned with the European Commission’s new export authorization requirements for COVID-19 vaccines and related inputs before they can be shipped. We urge the European Commission to re-consider its approach and make the issuance of such authorizations automatic.
This recently announced export measure contradicts the spirit of previous commitments the European Union has made in the context of the September 2020 G20 Trade and Investment Ministerial meeting and the Ottawa Group Trade and Health Initiative. Additionally, the timing for draft decisions of two business days followed by a further potential two day extension, and a further day for confirmation or rejection by the European Commission, risks disrupting the complex logistics behind the distribution of vaccines, including ultra-cold storage requirements in some cases.
We are also concerned about the precedent this measure sets and the risk of encouraging other countries to implement similar actions that would further disrupt the manufacturing and flow of vaccines and other essential goods to fight the pandemic, contrary to the advice of the World Trade Organization and World Health Organization. During the first wave of the pandemic, we saw the harmful proliferation of measures that restricted trade in medical equipment.
A collective effort is vital to keep supply chains moving as vaccine manufacturing capacity increases. A change by the European Commission to issue automatic authorizations would restore certainty for vaccine manufacturers, logistics providers, citizens, and companies globally.
- The Australia Industry Group
- Canadian Chamber of Commerce
- Confederation for Production and Commerce of Chile
- Federation of Korean Industries
- National Confederation of Industry – Brazil
- New Zealand International Business Forum
- Turkish Industry & Business Association
- US Chamber of Commerce
REGISTER WITH TRADE WORKS
Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.
Latest News
Back to the future?
The end of 2024 has trade advocates reaching back to their 2016 taking points as an Administration of a depressingly protectionist hue prepares to take office in the United States, once the global champion for trade liberalisation. We do not know for now what,...
Diplosphere: Tour de Force with Stephen Jacobi – Having Choice is a Key NZ Interest
Stephen Jacobi on APEC, WTO, doubling trade exports, big ideas like Southern Link, independent thinking & risks of a red line with AUKUS P2. This interview was recorded on Tue 19 Nov, 2024 in Wellington, NZ at Diplosphere HQ. Watch the full video here.
APEC Business Leaders Call for Bold Actions on Sustainable Growth and Economic Integration
Read the original article on the ABAC website here. Lima, 12 November 2024 — With challenges becoming increasingly borderless, business leaders from across the Asia-Pacific region are calling on APEC Leaders to take decisive actions to boost sustainable and inclusive...
CPTPP and the art of living dangerously
By Stephen Jacobi [1] As published by Newsroom, 6 December 2024 There’s not much shouting about TPP these days, but more passion would be a good thing. Time was when “TPPA” could bring tens of thousands to the streets. These days the annual Ministerial meeting...
NZIBF 2024 Chair Report
I am pleased to present my fourth report on the activities and achievements of the NZ International Business Forum (NZIBF) for 2023-24, our 17th year of operations. I am grateful to all Board and associate Members for your continuing commitment and support. This...
Reimagining the trans-Tasman relationship for two decades
Even the closest of relationships require advocacy. That applies equally to Australia – our greatest friend. That’s the job of the Australia New Zealand Leadership Forum (ANZLF), whose Steering Committee met in Sydney last week. The ANZLF has come a long...
THE NEXT BIG IDEA – THE SOUTHERN LINK
If New Zealand is serious about doubling export value in the next ten years then we need some really big, new ideas. Doing more of the same, not that there is anything wrong with that, is just going to deliver the same result. Enter an idea whose time has...
ADDRESS TO THE 55TH ONE STOP UPDATE FOR THE ACCOUNTANT IN BUSINESS – GLOBAL ECONOMIC UPDATE
AUCKLAND, 21 OCTOBER 2024 STEPHEN JACOBI, EXECUTIVE DIRECTOR, NZ INTERNATIONAL BUSINESS FORUM Watch the video of the address here. Introduction Thanks to Brightstar for the opportunity to be with you again, in person this time! I’ve spoken several times now at this...
NZ/GCC FREE TRADE AGREEMENT – EXPANDING OPPORTUNITIES IN THE GULF
Building on earlier negotiations with the United Arab Emirates, New Zealand’s successful conclusion of negotiations for a NZ/Gulf Co-operation Council Free Trade Agreement should enable further expansion of trade with the GCC’s six members in the Middle East, says the...
TIES THAT BIND – EXPANDING CER TO ASEAN
For New Zealand to pay more attention to the economies of ASEAN (the ten-member Association of South East Asian nations) makes sense, particularly at a time when doing business around the world is tough and when we need all of our international connections to deliver...
NZ/UAE CEPA: A VALUABLE STEP FORWARD IN GULF – BUSINESS FORUM
Media release, 26 September 2024 In a challenging year for business, the successful conclusion of the NZ/UAE Closer Economic Partnership Agreement (CEPA) is a welcome bright spot and helps build a stronger foundation for this country’s trade in the Middle East, says...
SPOTLIGHT ON SUBSIDIES
With much of the world turning inwards and the World Trade Organisation (WTO) in a parlous state, it could be tempting to relax New Zealand’s long-term struggle to rid the world of trade-distorting, environmentally harmful and financially wasteful subsidies. Not...
Address to NZ Apples and Pears Inc Conference, 30 July
GEO-POLITICAL, TRADE AND CONSUMER UPDATE Stephen Jacobi, Executive Director, NZ International Business Forum Introduction Thanks to the team at NZ Apples and Pears for the invitation to be with you today. I’m here to talk about the bigger picture against which your...
NON TARIFF BARRIERS – “YOU ARE NOT ALONE”
Non- tariff barriers (NTBS) have a pernicious effect on trade. Sometimes it seems that just as tariffs go down, an NTB springs up! They can be hard to identify and even harder to address. The red meat industry, New Zealand’s second largest export...
INTERNATIONAL TREATY EXAMINATION OF THE AGREEMENT ON THE INDO-PACIFIC ECONOMIC FRAMEWORK FOR PROSPERITY
SUBMISSION TO THE FOREIGN AFFAIRS, DEFENCE AND TRADE SELECT COMMITTEE - JULY 2024 Introduction This submission is made on behalf of the New Zealand International Business Forum (NZIBF) and ExportNZ. NZIBF, whose members are listed at Annex A,[1] is a forum of...