Taiwan Agreement a positive step towards regional economic integration

by | Aug 9, 2013 | Media Releases


The New Zealand International Business Forum (NZIBF) has told Parliament that it warmly welcomes and supports the Government’s intention to conclude an economic cooperation agreement (ANZTEC) with Taiwan.

The support was confirmed in NZIBF’s submission to the Foreign Affairs, Defence and Trade Select Committee, made by Executive Director, Stephen Jacobi

“The ANZTEC agreement is high quality, ambitious and comprehensive. It’s the first of its kind between Taiwan and an OECD economy, and we welcome the opportunity this agreement provides to expand trade and investment linkages with Taiwan,” said Mr Jacobi.


“The economic benefits to New Zealand are considerable. The comprehensive tariff elimination and other improvements to the rules governing trade and investment between the parties will lead to improved returns for business and lower costs and more product choice for consumers.”


By the end of the first four years 98.7% of current exports to Chinese Taipei will be duty free. New Zealand could expect to generate increases in merchandise exports in excess of $100 million.


On entry into force tariffs on 44% or $432.5 million of New Zealand’s current exports to Chinese Taipei will be eliminated, with an estimated duty saving to New Zealand exporters of $40.3 million.

“The agreement is also innovative in its treatment of labour, environment and indigenous issues. It will create new opportunities for New Zealand in the education services sector and facilitate a growing investment relationship,” said Mr Jacobi.


The agreement is an important move towards greater regional economic integration. ANZTEC represents another step forward towards regional consensus on the benefits of trade and investment liberalisation, taking the region a step closer to our ideal of a Free Trade Area of the Asia Pacific.”


The NZIBF concurred with the conclusions of the agreement’s positive impact on New Zealand’s economic interests described in the National Interest Analysis and recommended the agreement’s early ratification and entry into force.


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...