The NZ International Business Forum (NZIBF) welcomes today’s announcement of an Agreement in Principle for a future NZ UK Free Trade Agreement....
Welcome to Trade Works, the communications platform for the New Zealand International Business Forum (NZIBF), and the New Zealand Chapter of the APEC Business Advisory Council (ABAC).
Here you will find information about trade and investment and why these are important for New Zealand. You can find out more about NZIBF, our members, governance and projects and what we are saying about current issues. You can also read up about the work of ABAC and its New Zealand members.
Why is trade important?
Trade is the life blood of our economy, in normal times and times of crisis. Trade, both exports and imports, gives consumers more choice and a broader range of goods and services to choose from.
Freer trade, by which we mean unhindered by unnecessary trade barriers, has helped make possible the lifestyles we have become accustomed to. It has helped 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.
What about jobs?
Put simply, 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 else can freer trade help us?
“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.
REGISTER WITH TRADE WORKS
Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.
The NZ International Business Forum (NZIBF) welcomes today’s announcement of an Agreement in Principle for a future NZ UK Free Trade Agreement. “Amidst the Covid gloom, news that New Zealand and the United Kingdom have agreed on the key elements of a future free trade...
Remarks by ABAC Chair Rachel Taulelei to the Australia NZ Leadership Forum Indigenous Business Sector Group, 6 October 2021
APEC BUSINESS ADVISORY COUNCIL REMARKS TO INDIGENOUS BUSINESS SECTOR GROUP AUSTRALIA NEW ZEALAND LEADERSHIP FORUM 6 OCTOBER 2021 RACHEL TAULELEI ABAC CHAIR 2021 Tēnā koutou katoa, and thank you for the opportunity to share some thoughts on the important topic of...
Remarks by ABAC Inclusion Working Group Chair, Julia Torreblanca, to the APEC SME Ministerial Meeting, 9 October
APEC BUSINESS ADVISORY COUNCIL REMARKS TO APEC SME MINISTERIAL MEETING 9 OCTOBER 2021 JULIA TORREBLANCA CHAIR, ABAC INCLUSION WORKING GROUP Honourable Stuart Nash, Chair of the APEC SME Ministerial Meeting SME Ministers from the APEC Region, Colleagues from the APEC...
Remarks by ABAC Chair Rachel Taulelei to the Pacific Alliance Business Council-ABAC Joint Meeting, 6 October 2021
APEC BUSINESS ADVISORY COUNCIL REMARKS TO JOINT MEETING WITH THE PACIFIC ALLIANCE BUSINESS COUNCIL 6 OCTOBER 2021 RACHEL TAULELEI ABAC CHAIR 2021 Opening remarks Tēnā koutou katoa, e ngā rangatira mā, señores, señoras muy buenos tardes (or maybe I should say...
Are latest announcements of intended memberships a shot in the arm for the Trans Pacific trade deal – or a spanner in the works? Way back at turn of the century the idea of what was to become the Trans Pacific Partnership (TPP) was but a glint in the eye of New...
Remarks to the APEC women and the economy forum
Media release, 23 September 2021 Chinese Taipei’s formal application to join the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP) raises the prospect of wider cutting-edge trade liberalisation in the Asia Pacific region, says Stephen...
Media release, 29 June 2021 China’s formal application to join the Comprehensive and Progressive Agreement on Trans Pacific Partnership (CPTPP) is a welcome expression of its interest in further trade reform, says Stephen Jacobi, Executive Director of the NZ...
APEC Senior Officials’ Meeting (SOM III) Remarks to Plenary, 2 September 2021
What are the prospects for a strong outcome from the NZ/UK FTA negotiation?