21 APEC economies gather this week in Papua New Guinea but overhanging the Asia-Pacific meeting is the spectre of trade war and rising protectionism.
The China dream of a prosperous and integrated economy is set against the challenging backdrop of a trade war, the opposite of peace.
Trump just announced plans to impose new tariffs on steel – New Zealand’s own exports to the US are relatively small, at $39 million in steel and a further $14 million in steel products, and $23 million in aluminium. However markets like the EU, Korea and Canada will be amongst those greatly affected. Does a trade war loom?
The CPTPP is a good idea that will bring comprehensive and progressive transformation to New Zealand’s trade opportunities, while it preserves the New Zealand Government’s right to regulate in the national interest in areas like public health, the environment and to meet its obligations under the Treaty of Waitangi.
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NZIBF warmly welcomes and supports the Government’s intention to negotiate a free trade agreement (FTA) with the European Union (EU). New Zealand’s economic relationship with [read more…]
You heard it here: the sun will rise the day after the TPP signing. Contrary to wide-spread belief, the sky will not fall on 4 [read more…]