ANNUAL GENERAL MEETING 2022 CHAIR’S REPORT I am pleased to present my second report on the activities and achievements of the NZ International...
Welcome to Trade Works, the communications platform for the New Zealand International Business Forum (NZIBF), and the New Zealand Chapter of the APEC Business Advisory Council (ABAC).
Here you will find information about trade and investment and why these are important for New Zealand. You can find out more about NZIBF, our members, governance and projects and what we are saying about current issues. You can also read up about the work of ABAC and its New Zealand members.
Why is trade important?
Trade is the life blood of our economy, in normal times and times of crisis. Trade, both exports and imports, gives consumers more choice and a broader range of goods and services to choose from.
Freer trade, by which we mean unhindered by unnecessary trade barriers, has helped make possible the lifestyles we have become accustomed to. It has helped diversify and deepen our economy.
But more than this, the links we develop through trade and investment with other economies support people to people connections. They give us a richer and more diverse society.
What about jobs?
Put simply, more trade means more jobs. We can’t prosper by selling to ourselves, we can’t eat all we produce and we can’t produce all we need. Over 600,000 jobs in New Zealand are dependent either directly or indirectly on trade.
How else can freer trade help us?
“Free trade” doesn’t mean completely unregulated trade. Trade needs effective rules like any other area of activity. Free Trade agreements (FTAs) set fairer rules for the easier flow of goods and services, including in areas like trade and the environment and trade and labour. They also deal with the flow of capital. Companies need capital to grow.
Export income, capital inflows through foreign direct investment and the remittance of dividends from New Zealand’s offshore investments – these are what plug the gap in domestic spending and government deficits. They create jobs, they help us pay for our hospitals, our world class education and to build better infrastructure.
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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...
The Leaders of the 21 APEC member economies issued the 2022 Leaders’ Declaration following the 29th APEC Economic Leaders’ Meeting chaired by the Prime Minister of Thailand, Prayut Chan-o-cha.
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).
Submission to the Ministry of Foreign Affairs and Trade: Re-Development of the Framework for Integrating Labour Standards and Trade Agreements
Submission by NZIBF – October 2022 This submission is made on behalf of the NZ International Business Forum (NZIBF), whose members are listed at Annex A. NZIBF is a forum of senior business leaders working together to promote New Zealand’s engagement in the global...
Stephen Jacobi, NZIBF’s Executive Director, gives an economic update for The Accountant In Business.
Export New Zealand (ExportNZ) and the New Zealand International Business Forum (NZIBF) welcome the opportunity to comment on the Ministry for Primary Industries’ (MPI) Modernising Our Export Assurance Systems: Legislative Options Consultation Document.
NZIBF’s Submission to MFAT for CPTPP review
The now widespread use of the term “Indo Pacific” to describe the region to which New Zealand belongs brings a risk of geographical confusion. Stephen Jacobi explores the term Indo Pacific for the TradeWorks blog.
Of Interest Podcast: Stephen Jacobi on the importance of NZ’s trade relationship with China, the risks to it, and opportunities to diversify to other countries
By Gareth Vaughan, featuring Stephen Jacobi, Executive Director of the New Zealand International Business Forum, for the latest episode of interest.co.nz's Of Interest Podcast. China is far and away New Zealand's key export market. But this comes with...
Stephen Jacobi writes about turbulence in global trade, published by NZ Herald.