We write this open letter to express the strong support of the New Zealand business community for ambitious outcomes at the Twelfth World Trade Organization (WTO) Ministerial Conference (“MC12”).
CHINA’S CPTPP APPLICATION WELCOME, SAYS BUSINESS FORUM
Media release, 29 June 2021
China’s formal application to join the Comprehensive and Progressive Agreement on Trans Pacific Partnership (CPTPP) is a welcome expression of its interest in further trade reform, says Stephen Jacobi, Executive Director of the NZ International Business Forum (NZIBF).
“Trade agreements like CPTPP are about the spread of effective and up to date trade rules in the Asia Pacific region as well as globally. We welcome China’s interest to join CPTPP which is one of the world’s most advanced and high quality free trade agreements. CPTPP clearly provides for the accession of new members who can demonstrate they can meet its high standards and is a pathway towards a future Free Trade Area of the Asia Pacific (FTAAP)”, said Stephen Jacobi.
New Zealand and China already have a high quality trade agreement which has recently been upgraded. New Zealand and China are also cosignatories of the Regional Comprehensive Economic Partnership (RCEP).
“When the remaining dairy safeguard tariffs are completely withdrawn from 1 January 2024, New Zealand will enjoy very favourable market access into our largest trading partner. China is therefore well placed to meet New Zealand’s expectations for the elimination of tariffs and non-tariff barriers. For the CPTPP bid to be successful, China will need to demonstrate its ability to meet the high standards of other aspects of the Agreement, including in relation to competitive neutrality for state owned enterprises. This is the same standard that applies to all CPTPP aspirants and China’s application should be considered in the same way”, said Mr Jacobi. “We urge the New Zealand Government and other CPTPP partners to engage with the Chinese authorities to deepen their understanding of CPTPP’s provisions and obligations”, concluded Mr Jacobi
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
An Open Letter to Trade Minister O’Connor
22 November 2021 Hon Damien O’ConnorMinister of Trade and Export GrowthWELLINGTON Dear Minister As you and your colleagues prepare to gather in Geneva, we write this open letter to express the strong support of the New Zealand business community for ambitious...
Remarks by ABAC Executive Director Stephen Jacobi to Pacific Basin Economic Council, 22 November 2021
APEC BUSINESS ADVISORY COUNCIL REMARKS TO PBEC CONFERENCE22 NOVEMBER 2021 STEPHEN JACOBIEXECUTIVE DIRECTOR KEY TAKE AWAYS FOR ASIAN BUSINESS FROM APEC NZ 2021 Thanks very much for the opportunity to be with you today and in such distinguished company. It’s a pleasure...
APEC – ‘A POWERFUL EXAMPLE OF COMMUNITY’ – BUSINESS FORUM
In a year of unprecedented challenge, New Zealand’s leadership in APEC and the APEC Business Advisory Council (ABAC) has helped the region to weather the storm of the pandemic and secure a better foundation for the future, says the New Zealand International Business...
Five Minutes to MC12
In a fortnight’s time, Ministers from the 164 members of the World Trade Organisation will gather for the Twelfth Ministerial Conference (“MC12”) in Geneva. The pandemic, fish subsidies and agriculture will headline the agenda, but meaningful outcomes are far from a...
APEC Economic Leaders’ Declaration
We, the Economic Leaders of APEC met on 12 November 2021. The COVID-19 pandemic continues to take lives and impact livelihoods. The evolving nature of the COVID-19 pandemic and its variants will create ongoing uncertainty and an uneven economic recovery across the...
Remarks by ABAC Chair Rachel Taulelei to ABAC/APEC Economic Leaders’ Dialogue, 12 November 2021
APEC BUSINESS ADVISORY COUNCIL REMARKS TO ABAC DIALOGUE WITH APEC ECONOMIC LEADERS 12 NOVEMBER 2021 RACHEL TAULELEI ABAC CHAIR 2021 E te piki kōtuku, te Heamana o APEC, e te Pirimia, Jacinda Ardern E ngā rangatira o te whānau whānui o APEC, kua tae mai nei i tenei...
Press release from ABAC IV meeting, 10 November 2021
Business to APEC Leaders: work together to address pandemic recovery, trade, climate, inequality Wellington, New Zealand, 10 November 2021 - Business leaders from the APEC Business Advisory Council (ABAC), meeting virtually ahead of the annual APEC Economic Leaders’...
Remarks by ABAC Chair, Rachel Taulelei, to APEC Ministerial Meeting, 8 November 2021
APEC BUSINESS ADVISORY COUNCIL APEC MINISTERIAL MEETING 8/9 NOVEMBER 2021 RACHEL TAULELEI ABAC CHAIR 2021 E ngā Minita, rau rangatira mā, tēnā koutou katoa. What a pleasure it is to join you at this meeting which traditionally takes stock of the APEC working year and...
APEC 21 – BEATING COVID ONE ZOOM AT A TIME
The ABAC NZ TeamThe APEC Business Advisory Council (ABAC) is preparing to discuss its Annual Report with APEC Economic Leaders. Nothing like a pandemic to upset lives and livelihoods, and also disrupt this year’s hosting of APEC by New Zealand. Gone is the “barbecue...
New Zealand ratifies RCEP, agreement to enter into force early next year
Written By: Hon Phil Twyford Source: https://www.beehive.govt.nz/release/new-zealand-ratifies-rcep-agreement-enter-force-early-next-year Aotearoa New Zealand has ratified the Regional Comprehensive Economic Partnership (RCEP), Minister of State for Trade and Export...
NEW ZEALAND TO RATIFY RCEP – GOOD MOVE SAYS BUSINESS FORUM
Final steps are being completed for New Zealand’s ratification of the Regional Comprehensive Economic Partnership (RCEP) Trade Agreement, which brings implementation of the Agreement’s useful provisions a step closer, says the NZ International Business Forum (NZIBF)....
Britain here we come!
We are excited about the Agreement in Principle (AiP) on a future free trade agreement with the United Kingdom! Some 139 years after the first refrigerated vessel left for the “mother country” and 48 years since Britain cast its lot with a united Europe, New Zealand...
Asia Pacific Business Leaders Call for Solutions That Put People First
People need to be at the heart of measures to address the health and prosperity of the Asia Pacific region, according to this year’s Report to Economic Leaders by the APEC Business Advisory Council (ABAC). Unveiling the report today, Rachel Taulelei, Chair of ABAC for...
Report to APEC Economic Leaders 2021
Report to Apec Economic Leaders 2021
Remarks by ABAC Chair Rachel Taulelei to the APEC Finance Ministers’ Meeting, 22 October 2021
APEC BUSINESS ADVISORY COUNCILREMARKS TO APEC FINANCE MINISTERS’ MEETING 22 OCTOBER 2021RACHEL TAULELEIABAC CHAIR 2021 E te Minita, Grant Robertson, tēnā koe. E rangatira mā, tēnā koutou katoa. It’s a pleasure for me and my ABAC colleagues to join you at your meeting...
0 Comments