Submission to MPI on Modernising Our Export Assurances Systems: Legislative Options

Export New Zealand (ExportNZ) and the New Zealand International Business Forum (NZIBF) welcome the opportunity to comment on the Ministry for Primary Industries’ (MPI) Modernising Our Export Assurance Systems: Legislative Options Consultation Document.

read more

WTO BACK IN BUSINESS – INTERNATIONAL BUSINESS FORUM

by | Jun 21, 2022 | Featured Articles, Media Releases, NZIBF

Media release, 19 June 2022


The NZ International Business Forum (NZIBF) welcomes the outcome of the World Trade Organization (WTO) 12th Ministerial Council meeting in Geneva and congratulates Trade Minister O’Connor and officials.

“It’s great to see the WTO back in the business of making decisions about the future of the multilateral trading system” said NZIBF Executive Director Stephen Jacobi.  “While there is still a lot of work to do, MC12 has concluded on a high note with a package of useful outcomes.  WTO Members have demonstrated that they are capable of making difficult, consensus decisions both to improve the environment for trade and investment and to show that trade can be part of the smart solutions to big, global problems like sustainability, the pandemic and our digital future”.

NZIBF welcomes in particular decisions on fish subsidies, pandemic response and the e-commerce moratorium.

“On fish subsidies, the WTO has taken a major step forward with a binding agreement amongst the whole membership, creating new disciplines to prohibit a range of subsidies which threaten fish stocks and imperil the longer term viability of the fishing industry.  This is good news for the environment and for fishers alike.

“On pandemic response, the WTO has agreed a package of measures which highlights the role of trade in combatting the pandemic. This includes a waiver of intellectual property rights for vaccines (“the TRIPs waiver”), which should make vaccines more readily available.

“The decision to continue, until the next Ministerial, a moratorium on imposing tariffs on digital trade, while not as good as making the e-commerce moratorium permanent, at least prevents an outbreak of digital protectionism at a critical time for the global economy”.

NZIBF is however disappointed at the outcome on domestic agricultural subsidies.

“Kicking the can down the road, once again, on agriculture is a blow for farmers and consumers around the world. A renewed work programme is better than nothing, but significant issues remain to be solved once and for all by the WTO membership”, concluded Mr Jacobi.

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

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...

THE NZ/EU FTA IS LIKE THE CURATE’S EGG

In which we like the good parts of the NZ EU FTA…. Who remembers the curate’s egg?  It’s when the nervous Curate, asked by the Bishop, if everything is ok with his boiled egg, replies “It’s good in parts, my Lord”.  So too the recently concluded NZ/EU FTA, which has...