It’s been a busy but tough year for trade. Read our end-of-year roundup by Executive Director Stephen Jacobi.
CPTPP – A Chance For UK To Show Its Trade Credentials
Media release, 31 January 2021
Seeking to join the Comprehensive and Progressive Agreement on Trans Pacific Partnership (CPTPP) is a chance for the United Kingdom to demonstrate the extent of its commitment to open markets and effective trade rules”, says Stephen Jacobi, Executive Director of the NZ International Business Forum (NZIBF).
“We welcome confirmation of the UK’s intention 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. UK membership would give rise to a significant expansion of the agreement and increase its attractiveness to other economies, thereby spreading the aspiration for a more open, connected and rules-bound global economy”, said Stephen Jacobi.
New Zealand and the UK are negotiating a bilateral FTA which is now into its third round of negotiation.
“Good progress appears to have been made in the NZ/UK negotiation and both are seeking an ambitious, high quality and comprehensive outcome. The negotiation has yet to solve the question of agricultural market access which is a key issue for New Zealand. There’s no doubt that this will influence New Zealand’s view of the UK’s membership of CPTPP”.
“CPTPP and its antecedents have been a long-term strategy in which New Zealand has played a leading role. It is good to see the benefits of CPTPP now being played out for all to see”, concluded Mr Jacobi.
About CPTPP
CPTPP involves New Zealand, Australia, Canada, Japan, Mexico, Singapore, and Viet Nam. Four other economies (Brunei, Chile, Malaysia and Peru) have signed the agreement but have yet to ratify. CPTPP covers around 30 percent of NZ exports.
About NZ UK trade
The UK is New Zealand’s sixth-largest trading partner. Two-way trade was worth nearly NZ$6 billion. New and the UK launched FTA negotiations in 2020. NZIBF’s report on opportunities under a future NZ/UK FTA can be found here
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...
