Executive Director of NZIBF Stephen Jacobi discusses NTBs at the Red Meat Sector Conference.
Closing remarks by the co-chair to the 2nd Korea-NZ Business Roundtable, Seoul, 6 July 2010 Graeme Harrison, Chairman, NZ International Business Forum
Our host Trade Commissioner Graeme Solloway, our guest speaker Mr Lee, my fellow Co Chair Dr Kyung Tae Lee. distinguished delegates,
I would like to thank NZ Trade and Enterprise for hosting this lunch and our Korean friends for joining us.
I thank Dr Ju-Ik Lee for his inspiring address and wish him every success with his future films.
I trust you enjoyed the Ocean Beef from New Zealand which I am proud to say was supplied by my own company.
We have just concluded a most successful 2 nd Roundtable meeting which in my view has helped us take forward dialogue we started in June last year.
Prime Minister Key and Dr SaKong set the scene for a stimulating morning.
A number of key themes emerged in the course of our discussions.
The first is that Korean and New Zealand business is facing similar challenges.
We are in a period of new economic recovery and we trust that Korea’s role as G20 Chair will help sustain the momentum of that recovery.
Increasing economic growth in the region is giving rise to changes in the way we do business as supply chains become more integrated and we all seek to get closer to our customers.
The second theme is that the policy framework in which business is conducted needs to change to keep pace with the way business is being done.
That is why so many of us in business are so keen to see the remaining barriers to trade and investment progressively dismantled and a new region-wide economic space put in place.
That economic space would try to foster smoother market integration by addressing behind the border barriers, promoting regulatory co-operation, expanding investment and facilitating research and innovation.
The third theme is that there possibilities for economic and business co-operation between Korea and New Zealand that go beyond those we see today.
Of course Korea will continue to sell more cars and high tech consumer goods in New Zealand and we will continue to sell food and fibre products in Korea.
But there is more we can do to add value to our traditional business and to develop the new bridgeheads we have seen today in information technology, health services, green growth and clean technologies.
Above all our discussions showed that despite our differences in size and scale our two economies are complementary and there are several niche areas already showing potential for further development.
There is clearly value in continuing to deepen this dialogue – I propose therefore that a third Roundtable should be held at an appropriate time to be decided by KITA and NZIBF.This morning I reminded you that for sixty years or more New Zealanders and Koreans have been united in common endeavour.
It is exciting to think where the relationship might head in the next sixty years and I have no doubt that the FTA which we hope will be concluded shortly will be the beginning of new prosperity for us both.
I should like now to thank Dr Kyung Tae Lee and KITA for their hard work and co-operation in arranging this superb 2 ndRoundtable and to present this gift as a sign of our continuing friendship.
Gamsa habnida!
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
NON TARIFF BARRIERS – “YOU ARE NOT ALONE”
Non- tariff barriers (NTBS) have a pernicious effect on trade. Sometimes it seems that just as tariffs go down, an NTB springs up! They can be hard to identify and even harder to address. The red meat industry, New Zealand’s second largest export...
INTERNATIONAL TREATY EXAMINATION OF THE AGREEMENT ON THE INDO-PACIFIC ECONOMIC FRAMEWORK FOR PROSPERITY
SUBMISSION TO THE FOREIGN AFFAIRS, DEFENCE AND TRADE SELECT COMMITTEE - JULY 2024 Introduction This submission is made on behalf of the New Zealand International Business Forum (NZIBF) and ExportNZ. NZIBF, whose members are listed at Annex A,[1] is a forum of...
Sourcing from the world’s factory – new research report into imports from China
There are very few strategic risks to New Zealand from our current levels of exposure to imports from China, concludes a new report from the New Zealand China Council, co-sponsored by NZIBF. Even if we were to diversify our sources, China is now so...
ADDRESS TO THE 54TH ONE STOP UPDATE FOR THE ACCOUNTANT IN BUSINESS – GLOBAL ECONOMIC UPDATE
AUCKLAND, WELLINGTON, CHRISTCHURCH, MAY 2024 STEPHEN JACOBI, EXECUTIVE DIRECTOR - NZ INTERNATIONAL BUSINESS FORUM Introduction Thanks once again to Brightstar for the opportunity to address you today. I’m sorry I can’t be with you in person as I am travelling...
APEC Ministers Responsible for Trade Joint Statement 2024
2024 APEC Ministers Responsible for Trade Joint Statement Arequipa, Peru | 18 May 2024 We, the Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade (MRT), met in Arequipa, Peru on 17-18 May 2024, chaired by Peru’s Minister of Foreign Trade and...
Business Forum welcomes UAE FTA negotiations
Media release, 7 May 2024 The NZ International Business Forum (NZIBF) welcomes the start of formal negotiations on the New Zealand/UAE Closer Economic Partnership Agreement (CEPA) and looks forward to steady progress that will lead to the securing of a comprehensive...
Doubling our exports with zeroes…and ones!
The development of written language in the ancient world didn’t start with great poetry or literary epics. The catalyst for writing was the need to record the transfer of the ownership of goods from one person to another. Scribes did this by marking tablets of clay...
Asia-Pacific business leaders rally for robust global trade amidst rising protectionism
APEC NEWS RELEASE Issued by The APEC Business Advisory Council (ABAC) - April 2024 This week in Hong Kong, China, the APEC Business Advisory Council (ABAC) voiced serious concerns regarding the global shift towards protectionism and regional fragmentation, risking...
SUBMISSION TO THE MINISTRY OF FOREIGN AFFAIRS AND TRADE – APRIL 2024
NEW ZEALAND-UAE COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT NEGOTIATIONS 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 working together...
NEW TEAM FOR AUSTRALIA NEW ZEALAND LEADERSHIP FORUM
Media release, 2 April 2024 The New Zealand Co-Chair of the Australia New Zealand Leadership Forum (ANZLF), Greg Lowe, welcomes the appointment of Stephen Jacobi and Simon Le Quesne to the New Zealand arm of the ANZLF Secretariat. The ANZLF brings business leaders,...
NZ/EU FTA A BONUS FOR SOME SECTORS – BUSINESS FORUM
Media release, 22 March 2024 The NZ International Business Forum (NZIBF) acknowledges the passage of the implementing legislation for the New Zealand/European Union Free Trade Agreement and looks forward to the FTA’s entry into force on 1 May. “This agreement was...
“MEAGRE OUTCOME” FROM WTO IN ABU DHABI – BUSINESS FORUM
Media release, 2 March 2024 Despite its overwhelming importance at the heart of the international trade system, members of the World Trade Organisation (WTO) have concluded their Ministerial in Abu Dhabi (“MC13”) with only a meagre outcome. NZ International Business...
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...
DCANZ – Agricultural Subsidy Distortions Must Be Addressed
23 February 2024 - Media Release by the Dairy Companies Association of New Zealand (DCANZ) As the world’s Trade Ministers head to a WTO meeting in Abu Dhabi, the Dairy Companies Association of New Zealand (DCANZ) is calling for an immediate capping of agricultural...
Asia-Pacific business leaders call for greater economic dynamism with people at the center of the APEC agenda
16 February 2024 - APEC NEWS RELEASE Issued by The APEC Business Advisory Council (ABAC) The APEC Business Advisory Council (ABAC), meeting this week in Kuala Lumpur, Malaysia, expressed deep concerns about the growing pressures of economic fragmentation and the risks...