Despite its overwhelming importance at the heart of the international trade system, members of the World Trade Organisation (WTO) have concluded their Ministerial in Abu Dhabi (“MC13”) with only a meagre outcome.
What is Trade Works?
Trade Works is the communications platform for the New Zealand International Business Forum and the New Zealand members of the APEC Business Advisory Council (ABAC).
Introduction
Welcome to Trade Works! Nau mai, haere mai!
We’re passionate about trade and its potential to grow sustainable and inclusive economies and create the conditions for increased prosperity for all. Our website is packed with information about trade and its relevance, especially to Aotearoa New Zealand which is our home. You’ll also find information about us and what we do and what we think about the big trade issues of the day.
Trade Works is sponsored by the NZ International Business Forum (NZIBF). NZIBF is a business organisation which brings together New Zealand’s leading exporters, international businesses and peak business bodies. We advocate for our members’ interests in trade negotiations and work closely with the NZ Government and its agencies to open new markets. We also make regular media comments and submissions to the Parliamentary Select Committee and other public consultation processes.
ABAC is the business voice of APEC. It brings together three business leaders from each of APEC’s 21 economies including New Zealand. ABAC makes an annual Report to APEC Economic Leaders with recommendations for building the region’s economy. NZIBF’s executive team provides advice and support to New Zealand’s three ABAC Members.
Our Purpose & Goals
Trade Works exists to promote understanding of New Zealand’s global trade interests in a complex and uncertain world. We do so from the perspective of business gathered in NZIBF and ABAC, but we acknowledge that trade involves many other stakeholders including workers and citizens, women as well as men, young and old, Māori and Pakeha and people of other ethnic backgrounds.
Our aim is to explain and to provide information and background to help those interested in trade make up their own mind about the value and contribution of trade and international business.
Why we think trade is important?
Trade is the life blood of our economy, in normal times and times of crisis like right now. Trade, both exports and imports, gives consumers more choice and a broader range of goods and services to choose from.
Trade in goods and services makes possible the lifestyles we have become accustomed to. It helps diversify and deepen our economy. But more than this, the links we develop through trade and investment with other economies support people to people connections. They give us a richer and more diverse society.
Above all, more trade means more jobs. We can’t prosper by selling to ourselves, we can’t eat all we produce and we can’t produce all we need. Over 600,000 jobs in New Zealand are dependent either directly or indirectly on trade.
How does freer trade build sustainable and inclusive economies?
“Free trade” doesn’t mean completely unregulated trade. Trade needs effective rules like any other area of activity. Free Trade agreements (FTAs) set fairer rules for the easier flow of goods and services, including in areas like trade and the environment and trade and labour.
They also deal with the flow of capital. Companies need capital to grow. Export income, capital inflows through foreign direct investment and the remittance of dividends from New Zealand’s offshore investments – these are what plug the gap in domestic spending and government deficits.
They create jobs, they help us pay for our hospitals, our world class education and to build better infrastructure.
How you can get involved?
To be part of the trade conversation, please engage with us by registering on our website to receive notifications of updates. You can also follow us on social media – Facebook, Twitter, LinkedIn, and Youtube.
REGISTER WITH TRADE WORKS
Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.
Latest News
“MEAGRE OUTCOME” FROM WTO IN ABU DHABI – BUSINESS FORUM
Despite its overwhelming importance at the heart of the international trade system, members of the World Trade Organisation (WTO) have concluded their Ministerial in Abu Dhabi (“MC13”) with only a meagre outcome.
To go or woe with the WTO?
In our latest Trade Working blog Stephen Jacobi and Stephanie Honey look at prospects for #WTO #MC13.
DCANZ – Agricultural Subsidy Distortions Must Be Addressed
Media Release by the Dairy Companies Association of New Zealand (DCANZ) – Agricultural Subsidy Distortions Must Be Addressed
Asia-Pacific business leaders call for greater economic dynamism with people at the center of the APEC agenda
The APEC Business Advisory Council (ABAC), meeting this week in Kuala Lumpur, Malaysia, expressed deep concerns about the growing pressures of economic fragmentation and the risks that this poses to growth, inclusion and the climate fight.
SUBMISSION TO THE PARLIAMENTARY FOREIGN AFFAIRS, DEFENCE AND TRADE COMMITTEE – FEBRUARY 2024
NZIBF’s submission on the New Zealand European Union Free Trade Agreement Legislation Amendment Bill – February 2024.
ABAC Statement on WTO MC13 – February 2024
Now, more than ever, the world needs a credible, relevant, and effective multilateral trading system, with the World Trade Organization (WTO) at its core.
Global Industry Statement on the WTO Moratorium on Customs Duties on Electronic Transmissions
NZIBF has joined 170 international business associations in calling for a extension to the current moratorium on tariffs applying to digital services (like Netflix) at the forthcoming WTO Ministerial meeting.
Resilient supply chains: Yesterday, today and tomorrow
Published by the Hinrich Foundation, Singapore, 23 August 2024 By Stephen Jacobi History has much to teach us about the way trade contributes to prosperity through the movement of goods, services, people, and ideas. Today, data can be added to this web of...
SUBMISSION TO THE MINISTRY OF FOREIGN AFFAIRS AND TRADE
GENERAL REVIEW OF THE COMPREHENSIVE AND PROGRESSIVE AGREEMENT FOR TRANS- PACIFIC PARTNERSHIP (CPTPP) DECEMBER 2023 Summary This submission is made on behalf of the New Zealand International Business Forum (NZIBF). As individual NZIBF Members may make their own...
Todd McClay – your trade mission, should you choose to accept it …
Stephen Jacobi breaks down NZIBF’s advice to Trade Minister McClay in its Brief for the Incoming Minister – as published by Newsroom.