Submission to MPI on Modernising Our Export Assurances Systems: Legislative Options

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.

read more

NEW ZEALAND TO RATIFY RCEP – GOOD MOVE SAYS BUSINESS FORUM

by | Nov 1, 2021 | Media Releases, NZIBF

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).

“This is good news at a difficult time for international trade. RCEP is a significant new platform for extending trade rules across the Asia-Pacific region and provides modest but useful market access benefits for New Zealand exporters”, said NZIBF Chair Philip Gregan.

New Zealand already has FTAs with RCEP members but was able to achieve new market access into Indonesia on a range of products such as sheep meat, beef, fish products, liquid milk, cheese, honey, avocados, tomatoes and persimmons.  In addition, improved customs procedures will facilitate New Zealand exports of perishable products across the RCEP region and other commitments including in services and investment will add to the rule book for trade and investment with Asian countries.

“In a world where protectionist sentiment remains strong, we need to make progress where we can.  The gains from RCEP would clearly have been greater if India had not withdrawn and we hope India will make use of RCEP’s fast track procedures to join RCEP in the future”.

The RCEP Legislation Bill passed its third reading on 21 October and received Royal Assent on 27 October.   New Zealand will now formally notify its ratification to the Secretary-General of ASEAN as the official depositary for the RCEP agreement.

“We welcome the bipartisan support for RCEP ratification at a time when New Zealand’s ability to trade internationally has never been more important.  We encourage MPs to look favourably at New Zealand’s other trade initiatives and commend the Government and officials for their continuing efforts”.

RCEP’s entry into force which will occur 60 days after the date on which at least three non-ASEAN signatories and six ASEAN signatories have notified that they have ratified.  New Zealand will join Japan and China as three non-ASEAN signatories who have completed their domestic processes and several other ASEAN members are reported to be very close.

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

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...

THE NZ/EU FTA IS LIKE THE CURATE’S EGG

In which we like the good parts of the NZ EU FTA…. Who remembers the curate’s egg?  It’s when the nervous Curate, asked by the Bishop, if everything is ok with his boiled egg, replies “It’s good in parts, my Lord”.  So too the recently concluded NZ/EU FTA, which has...