NZIBF 2021 Chair Report

We look forward to continuing to maximise opportunities for nurturing and growing New Zealand business’ integration in global markets.

read more

RCEP Delivers New Rule Book for Asia Trade

by | Nov 16, 2020 | Media Releases | 0 comments

Media release, 15 November 2020

Business leaders from the NZ International Business Forum (NZIBF) have welcomed the signing of  the Regional Comprehensive Economic Partnership (RCEP) trade agreement.

NZIBF Chair Malcolm Bailey said:  “We are pleased that the RCEP has come to fruition after seven years of effort.  The RCEP will further strengthen New Zealand’s trade and economic relationships in the Asia Pacific region and assist our economic recovery from COVID19.”

“Obviously we would have preferred the deal to have delivered a much sought-after FTA with India and we hope that India will join the RCEP in the not too distant future.  RCEP is still an important new agreement, covering nearly a third of the world’s population and many of New Zealand’s key export markets and sending a useful signal about the importance of trade liberalisation”.

Mr Bailey said RCEP’s strategic importance exceeded the modest market access gains, but it was good news that New Zealand achieved some 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.

“We thank successive New Zealand Governments for their efforts in RCEP over the last seven years and congratulate Prime Minister Ardern, Trade Minister O’Connor and their officials for bringing the final deal home” concluded Mr Bailey.

About RCEP

The RCEP negotiations were launched in late 2012 comprising 16 countries including the members of ASEAN (Brunei-Darussalam, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Singapore, Thailand and Viet Nam), Australia, China, India, Japan, Korea and New Zealand.  The final deal was signed by 15 countries, without India.  A fast-track accession process has been established should India wish to join RCEP in future.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

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 2021 Chair Report

The NZIBF Board meets with Indian High Commissioner H E Muktesh Paredeshi at its last meeting for 2021.ANNUAL GENERAL MEETING 15 DECEMBER 2021 CHAIR’S REPORT I am pleased to present my first report on the activities and achievements of the NZ International Business...

Let’s try that again: Happy new year!

In another year of disruption and loss there have been some surprising wins for trade. The kindest thing that could be said about 2021 is that things didn’t quite work out as planned.  We did not defeat the pandemic and lives and livelihoods continued to be lost....

A little breathing room at the WTO

A little breathing room at the WTO The emergence of Omicron has meant that the WTO Ministerial Conference has been put on hold – leaving in limbo key decisions about pandemic trade responses and fish subsidies (not to mention agriculture).   But there is some good...

Five Minutes to MC12

In a fortnight’s time, Ministers from the 164 members of the World Trade Organisation will gather for the Twelfth Ministerial Conference (“MC12”) in Geneva. The pandemic, fish subsidies and agriculture will headline the agenda, but meaningful outcomes are far from a...

APEC Economic Leaders’ Declaration

We, the Economic Leaders of APEC met on 12 November 2021. The COVID-19 pandemic continues to take lives and impact livelihoods. The evolving nature of the COVID-19 pandemic and its variants will create ongoing uncertainty and an uneven economic recovery across the...

Press release from ABAC IV meeting, 10 November 2021

Business to APEC Leaders: work together to address pandemic recovery, trade, climate, inequality Wellington, New Zealand, 10 November 2021 - Business leaders from the APEC Business Advisory Council (ABAC), meeting virtually ahead of the annual APEC Economic Leaders’...

APEC 21 – BEATING COVID ONE ZOOM AT A TIME

The ABAC NZ TeamThe APEC Business Advisory Council (ABAC) is preparing to discuss its Annual Report with APEC Economic Leaders. Nothing like a pandemic to upset lives and livelihoods, and also disrupt this year’s hosting of APEC by New Zealand.  Gone is the “barbecue...

Britain here we come!

We are excited about the Agreement in Principle (AiP) on a future free trade agreement with the United Kingdom! Some 139 years after the first refrigerated vessel left for the “mother country” and 48 years since Britain cast its lot with a united Europe, New Zealand...