Media Release - 25 June 2025 The New Zealand International Business Forum (NZIBF) is pleased to announce the appointment of Felicity Roxburgh as its...
The sun will surely rise on February 5

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 February, but neither will a new dawn for freer trade be with us just yet – at the very least we will need to wait until the treaty is ratified in each member country and until the required number of ratifications by TPP members is achieved. In New Zealand there is an extensive parliamentary process to conclude and a vote by MPs on the final implementing legislation.
TPP will be the subject of extensive debate in coming months. At this stage we see at least three ways in which we believe TPP will deliver benefits for New Zealand.
First, New Zealand’s trading interests are well covered, if not comprehensively. All sectors will benefit from tariff reduction and/or elimination – dairy (yes even dairy – because dairy faces the highest barriers), beef, kiwifruit, other horticulture, wine, seafood, wood and manufactured products including medical devices and agricultural technology. These are tangible trade gains that will over time improve our competitiveness, reduce costs and open up new markets.
Second, the Government’s continuing right to regulate is secured even while foreign investment is protected. Important areas like public health (including in relation to tobacco), the environment, the Treaty of Waitangi and the purchase of farm land are all safeguarded. High hurdles are established for initiating investor state dispute settlement and it will be highly unlikely New Zealand would be successfully challenged.
Third, the only major change to existing policy in New Zealand is the increase in copyright term which will move from 50 to 70 years after the death of the author. For most New Zealanders the effect of this will be hardly noticeable at all. The Government has estimated over the very long term a cost of an additional $55 million spread across the economy as a whole. That compares with an estimated $2.7 billion increase in GDP.
On 5 February the issue before the country will be whether New Zealand should proceed to ratify or not. The deciding point for our elected representatives will be whether the trade benefits outweigh potential policy risks. We believe a significant trade outcome has been achieved at minimal cost. Those opposing TPP will need to be able to explain why their concerns are of such overwhelming impact that these tangible trade benefits should be set aside.
This post was prepared by Stephen Jacobi, Executive Director of the NZ International Business Forum.
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
Felicity Roxburgh Appointed Executive Director of the New Zealand International Business Forum
Media Release - 25 June 2025 The New Zealand International Business Forum (NZIBF) is pleased to announce the appointment of Felicity Roxburgh as its new Executive Director. She will officially take up the role on 7 July 2025. Felicity brings nearly two decades of...
EXECUTIVE LEADERSHIP CHANGE AT NZ INTERNATIONAL BUSINESS FORUM
Media release, 4 June 2025 Long-time trade advocate Stephen Jacobi will retire from the New Zealand International Business Forum (NZIBF) on 30 June 2025. “Stephen has made a major contribution to New Zealand’s economy and our trade interests through his articulate,...
ADDRESS TO THE 56TH ONE STOP UPDATE FOR THE ACCOUNTANT IN BUSINESS
CHRISTCHURCH AND AUCKLAND, MAY 2025 STEPHEN JACOBI, EXECUTIVE DIRECTOR GLOBAL MACRO-ECONOMIC AND TRADE UPDATE My thanks as always to Brightstar for the invitation to be with you today. As some of you will know I have been a serial attender at these events, normally...
2025 APEC Ministers Responsible for Trade Joint Statement
Jeju, Republic of Korea | 16 May 2025 Read the original post here 1.We, the Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade (MRT), met in Jeju, Republic of Korea, from 15-16 May 2025, under the chairmanship of H.E. Inkyo Cheong, Minister of...
REMARKS TO LOCAL GOVERNMENT NZ RURAL AND PROVINCIAL SECTOR MEETING
2 MAY 2025 STEPHEN JACOBI, EXECUTIVE DIRECTOR IMPACT OF TRADE WARS ON NZ My thanks to Local Government NZ for the invitation to be with you today. As a resident of Napier I am all the more pleased to contribute to this rural and provincial sector meeting. Whether you...
SUBMISSION TO THE MINISTRY OF FOREIGN AFFAIRS AND TRADE ON A COMPREHENSIVE FREE TRADE AGREEMENT WITH INDIA
April 2025 Introduction This submission is being made on behalf of the New Zealand International Business Forum (NZIBF), whose members are listed at Annex A[1]. NZIBF is a group of senior business leaders working together to promote New Zealand’s engagement in the...
LAMENTATION DAY
When President Trump spoke in the White House Rose Garden to launch his wrecking-ball “fair and reciprocal tariffs”, there were some in the audience wearing hard hats. While this was doubtless to show support for the move amongst hard-working Americans, maybe...
BUSINESS FORUM DEEPLY DISAPPOINTED WITH UNJUSTIFIED US TARIFFS
Media release, 4 April 2025 The New Zealand International Business Forum (NZIBF) has reacted with deep disappointment to the news that the United States will implement an additional 10 percent ad valorem tariff on New Zealand exports. “The United States is a close and...
Bull in a China Shop: Market Price Support in the Dairy Industry
Market price support policies (aka as “subsidies”) in the agriculture sector are a classic example of what is meant by 'beggar thy neighbour'. One country attempts to improve its own economic situation by intervening in the market on behalf of its producers, at the...
BUSINESS FORUM WELCOMES INDIA FTA NEGOTIATIONS
Media release, 17 March 2025 The NZ International Business Forum (NZIBF) welcomes the launch of free trade negotiations with India, announced in Delhi, and is particularly pleased that these will proceed on a comprehensive basis. “There is enormous value to be gained...
Playing the long trade game with India
Prime Minister Luxon is at last making his visit to India with a large business and community delegation. We wish them well in expanding and deepening the relationship with India. The reasons for doing so we have explained previously. Our Government’s...
SUBMISSION TO THE MINISTRY OF FOREIGN AFFAIRS AND TRADE
PROPOSED GREEN ECONOMY JOINT WORKING GROUP WITH CHILE AND SINGAPORE MARCH 2025 Introduction This submission is made on behalf of the New Zealand International Business Forum (NZIBF), whose members are listed at Annex A[1]. NZIBF is a forum of senior business leaders...
PRESENTATION TO APEC BUSINESS ADVISORY COUNCIL: ADDRESSING PROTECTIONISM AND NON TARIFF BARRIERS
BRISBANE, 24 FEBRUARY 2025 STEPHEN JACOBI, EXECUTIVE DIRECTOR, NZIBF My thanks to Anna Curzon and Stephanie Honey for giving me one last opportunity to speak to ABAC. I want to talk today about rising protectionism and proliferating non tariff barriers. It’s not a new...
Business Leaders Sound Alarm on Global Economic Uncertainty: Call for Unified APEC Action
Brisbane, Australia, 25 February 2025 - Among rising global economic tension, the APEC Business Advisory Council met in Brisbane this week to reaffirm its support for the value of trade and cooperation, and the original APEC commitment to free, fair, open and...
REMARKS TO FOREIGN AFFAIRS, DEFENCE AND TRADE COMMITTEE – 20 FEBRUARY 2025
RATIFICATION OF NEW ZEALAND-UAE COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT (CEPA) STEPHEN JACOBI, EXECUTIVE DIRECTOR, NZIBF Thank you Chair for the opportunity to appear before the Committee today. I do so on behalf of the members of the NZ International Business...
0 Comments