Time for more bipartisanship on trade

by | Oct 6, 2014 | Uncategorized

Remove

With the election over it’s time for more bipartisanship on trade.

Successive New Zealand governments have chosen, with the support of the electorate, to embrace globalisation. With some discordant voices to left and right, public and bipartisan political support for trade has been a hallmark of New Zealand’s economic strategy for forty years or more.

Trade Ministers from both major parties – Lockwood Smith, Jim Sutton, Phil Goff and now Tim Groser – have advanced this policy. New Zealand is fortunate with the range of trade and economic agreements which underpin and support our international business.

Improved trade rules can translate into huge benefits for New Zealand. We saw this with the Uruguay Round in the 1990s, which laid the foundation for the significant expansion of agricultural exports and rising international commodity prices in the last decade. We see the same with China today where exports have surged since the FTA was signed.

Each trade agreement needs to be weighed on its merits. The devil is always in the detail. There are opportunities to be exploited and risks to be mitigated.

TPP is an example of a highly complex negotiation which would benefit from greater bipartisanship in the same way that Labour and National are standing side by side in New Zealand’s quest for a seat on the UN Security Council.

Economic opportunities are enhanced when politicians work together. That applies regardless of the strength of a government in office because trade is beyond the three-year election cycle.

This post was written by Sir Graeme Harrison, Chairman of the NZ International Business Forum (www.nzibf.co.nz).

 

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 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...

NZ BUSINESS LEADERS AT APEC 2022

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...

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...