To go or woe with the WTO?

Remove

In our latest Trade Working blog Stephen Jacobi and Stephanie Honey look at prospects for #WTO #MC13.

read more

Business Forum welcomes NZ Korea FTA

by | Nov 15, 2014 | Media Releases

Remove

The New Zealand International Business Forum (NZIBF) welcomes the much anticipated conclusion of the New Zealand Korea Free Trade Agreement.

“This negotiation has been a marathon and we are delighted Trade Minister Groser and his officials have got it over the line” said NZIBF Chairman Sir Graeme Harrison.

Korea is a significant trading partner for New Zealand and a number of key export sectors including dairy, meat and kiwifruit stood to be severely disadvantaged if New Zealand could not achieve a more level playing field with its key competitors in the Korean market notably Australia, Canada, the European Union and the United States all of whom have already concluded FTAs.

Sir Graeme said the negotiation had been difficult and all that New Zealand might have wished is unlikely to have been achieved.

“While we still need to analyse the content of the FTA, we are confident that officials were fully aware of New Zealand interests and have done the very best they can. Korea’s growing interest in joining the Trans Pacific Partnership (TPP) provides us an opportunity to seek stronger outcomes in those areas where our full ambition may not have been realised”.

The New Zealand International Business Forum has been active in Korea in recent years to assist the Government to secure this FTA, holding two Korea New Zealand Business Roundtable events with its partner the Korean International Trade Association (KITA).

“We congratulate both Korean and New Zealand Governments and stand ready to work with our partners to ensure this new agreement leads to new business and strategic partnerships across a range of sectors”.

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

To go or woe with the WTO?

We’ve been here before with the World Trade Organisation (WTO).   The global trade body’s 13th Ministerial meeting (“MC13”) opens in Abu Dhabi on Monday 26 February, with Trade Minister McClay serving as Vice-Chair.  In recent weeks diplomats, trade...

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...

2023 – Steps forward and back

Trade liberalisation moved forward and backward in 2023.  Some notable gains have been achieved for New Zealand, but war, geo-political rivalry and global inflation continue to depress global markets. While the pandemic continued to lurk in the shadows, 2023 was the...

NZIBF 2023 Chair Report

I am pleased to present my third report on the activities and achievements of the NZ International Business Forum (NZIBF) for 2023-24, our sixteenth year of operations.  I am grateful to all Members and to our executive team for your continuing support. As I...

Of APEC, CPTPP and IPEF

While New Zealand was sorting out its new Government, the alphabet soup which is trade got a good stirring in San Francisco.  This was APEC Leaders’ week, the annual gathering of Leaders, Ministers, business people and other stakeholders from the 21 economies of...