CPTPP – Not a moment too soon, says Business Forum

by | Jan 24, 2018 | Media Releases

Remove

Issued by the New Zealand International Business Forum (NZIBF). 

24 January 2017 – The New Zealand International Business Forum (NZIBF) expressed delight and relief that negotiators meeting in Tokyo had concluded negotiations for a Comprehensive and Progressive Agreement on the Trans-Pacific Partnership (CPTPP).

“We’ve been close before but this time it looks like the eleven members of CPTPP have finally done it. This is great news for New Zealand and for all those who have worked for better trade rules in the Asia Pacific” said NZIBF Executive Director Stephen Jacobi.

Mr Jacobi said that, as provisionally agreed in DaNang last November, the agreement reached in Tokyo preserves the original access package of TPP and suspends a number of other elements including intellectual property (copyright and patents) as well as aspects of investor state dispute settlement (ISDS). Other remaining obstacles to concluding the agreement have now been overcome and all eleven members, including Canada, have agreed to meet in Chile on 8 March to sign the agreement.

“Prime Minister Jacinda Ardern and Trade Minister Parker have worked hard for this outcome since assuming office and deserve our congratulations, as do New Zealand’s hard working negotiators. We hope that all parties in Parliament can support CPTPP in New Zealand’s trade interests”.

Mr Jacobi noted that the Treaty of Waitangi had once again been fully protected, along with the right to regulate in the national interest in areas like the environment and public health. He drew attention to progressive elements in the agreement seeking to upholding environment and labour standards, to address fishing subsidies and to promote the interests of small and medium sized enterprises.

“CPTPP comes not a moment too soon for New Zealand in Japan where our trade interests have suffered because we lack the sort of trade arrangements that our competitors enjoy. Once CPTPP enters into force we will have new FTAs with Japan, Canada, Mexico and Peru. There is also interest from a range of other economies in joining CPTPP. All this means new opportunities for New Zealand to grow trade and jobs” 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.

 

Remove

 

Latest News

NZIBF 2022 Chair Report

ANNUAL GENERAL MEETING 2022 CHAIR’S REPORT I am pleased to present my second report on the activities and achievements of the NZ International Business Forum (NZIBF) for 2022-23, our fifteenth year of operations.  At the outset I would like to thank Members for...

NZ BUSINESS LEADERS AT APEC 2022

New Zealand business will be represented at the APEC Leaders’ Week in Bangkok, commencing 13 November, by members of the APEC Business Advisory Council (ABAC). New Zealand’s three members – Rachel Taulelei, Malcolm Johns and Anna Curzon – supported by Stephen Jacobi...

Submission to MFAT for CPTPP Review

30 September 2022 Phil Mellor Economic Division, Ministry of Foreign Affairs and Trade, Wellington (By email) Dear Phil, Thank you for your email of 1 September, seeking our comments on the three year review of the Comprehensive and Progressive Agreement for Trans...

WHAT’S IN A NAME?

The now widespread use of the term “Indo Pacific” to describe the region to which New Zealand belongs brings a risk of geographical confusion. When did the “Asia Pacific” become the Indo Pacific?   For thirty years or more New Zealand has sought to enhance...

NZ Herald: Turbulence in global trade

Amidst the political topsy turvy of recent weeks came the news that the Government has refreshed its Trade Recovery Strategy.  That’s good news because, for exporters and the global economy as a whole, it’s tough out there. The pandemic is by no means over, there...

Address to World Affairs Forum, 22 August 2022

ADDRESS TO THE WORLD AFFAIRS FORUM AUCKLAND, 22 AUGUST 2022 STEPHEN JACOBI EXECUTIVE DIRECTOR NZ INTERNATIONAL BUSINESS FORUM TURBULENCE IN GLOBAL TRADE Thanks to Greg Thwaite for inviting me to speak to you this evening. It’s good to be back in the habit of meeting...

Trade and Climate Change: State of Play

TRADE AND CLIMATE CHANGE: STATE OF PLAY. A discussion paper prepared for the NZIBF by Adrian Macey, June 2022. Download here. Update: NZ-EU FTA The NZ-EU FTA has been finalised.  Article X.6 of the  trade and sustainable development chapter is on trade and...