Move as quickly as possible with Korea urges Business Forum

by | May 19, 2008 | Media Releases


The New Zealand International Business Forum today urged both Korean and New Zealand governments to move as quickly as possible towards a free trade agreement.

Welcoming the news from Seoul that Korea and New Zealand had agreed to start talks intended to lead towards an FTA, NZIBF Executive Director Stephen Jacobi congratulated the two governments and said the Forum hoped negotiations could begin before the end of year.

“We appreciate that it takes time to develop a negotiating mandate and both countries have other negotiations underway but with a very positive study already completed and strong complementarities between the two economies, the New Zealand business community is keen for negotiations to start as soon as possible”.

Mr Jacobi said a free trade agreement would be a natural next step in the relationship between the two countries.

“Korea is an important partner for New Zealand not only in terms of two way trade but in the effort to free up trade in the Asia Pacific region more generally.  With a high quality FTA in place, Korea could become an important trade ally for New Zealand”.

NZIBF Chairman Graeme Harrison and three other members of the International Business Forum, which brings together some of the country’s largest exporters and the major business organisations, joined the Prime Minister for a dinner in Seoul on Friday 16 May.


Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.




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...


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...


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...