Stephen Jacobi, NZIBF Executive Director, speaks to the Confederation of Indian Industry Partnership Summit in New Delhi about The Future of Multilateralism.
Japan’s prospective entry into the Trans Pacific Partnership (TPP) negotiations announced over the weekend is being welcomed by New Zealand business interests.
“By any calculation Japan’s entry radically alters the strategic calculation of TPP. This is a game changer ? Japan’s inclusion in the TPP underlines negotiation’s value as a pathway for further liberalisation in the Asia Pacific region and will enable New Zealand to address longstanding market access issues in the Japanese market,” said NZ International Business Forum Chairman Sir Graeme Harrison.
Sir Graeme was reacting to Trade Minister Tim Groser’s announcement on behalf of the TPP partners that that Japan would join the TPP negotiations from July.
“We congratulate the governments of Japan, New Zealand and other TPP participants on reaching this point and look forward to Japan’s involvement at the negotiating table. We also welcome the assurance that Japan is prepared to meet the high level of ambition for TPP.”
Sir Graeme also drew attention to the significant economic gains expected from TPP.
“Economic modelling suggests that adding Japan would increase the income gains from TPP by US$149 billion per year by 2025. The impact on New Zealand’s outcomes is, unsurprisingly, huge. By 2025, New Zealand’s income gain increases from US$2.9 billion to US$4.1 billion. New Zealand’s change in exports jumps from 4.7% to 6.8% above baseline.
“Even if the figures are half right, these are potentially significant gains which cannot be left on the table. Interestingly the greatest gains are likely to go to Japan itself as it lowers trade and investment barriers: incomes are forecast to rise by US$106 billion, or 2 per cent of GDP, by 2025, and exports by 12 per cent.
“All this of course depends on a successful outcome to the TPP negotiations and to the 12 partners sticking to the bold vision that has been set. We urge governments to do what is necessary to bring the negotiations to a timely and robust conclusion,” concluded Sir Graeme.
Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.
"The Future of Multilateralism" by Stephen Jacobi, NZIBF Executive Director Namaskar Tēnā koutou katoa – greetings to you all in the language of the Māori people of Aotearoa New Zealand. It is an honour for me to speak to such a distinguished gathering today....
Perhaps a cyclone was after all a fitting backdrop for the meeting of the APEC Business Advisory Council (ABAC) which was held in Auckland on 12-14 February – the global environment against which the meeting took place is decidedly stormy. In the event the wind...
APEC NEWS RELEASE Issued by The APEC Business Advisory Council (ABAC) Auckland, 14 February 2023 - Members of the APEC Business Advisory Council (ABAC) met in Auckland, New Zealand this week to develop a work plan that calls on policymakers to leverage trade and...
Media Release - 8 February 2023 Equity, sustainability and opportunity are key themes of one of the largest gatherings of senior Asia-Pacific business leaders held in New Zealand for some time. The APEC Business Advisory Council (ABAC) is due to meet in Tāmaki...
As I write this end of year dispatch, NZIBF is preparing to host the first meeting for 2023 of the APEC Business Advisory Council (ABAC). We are looking forward to welcoming the 200 or so business leaders and senior officials from APEC member economies across the...
Media Release - 14 December 2022 Sustainability, digitalisation and resilient, inclusive trade will be key themes of a major gathering of senior Asia-Pacific business leaders to be held in Auckland early next year – the first such event to be held in New Zealand...
Following his recent visit to India our Executive Director Stephen Jacobi penned this article advocating a more strategic approach to the further development of the relationship. The article was published by the NZ Herald on 9 December.
Issued by the Informal Senior Officials’ Meeting - Honolulu, The United States, 13 December 2022 Aiming to provide tailwinds for member economies to strengthen recovery and resilience, as well as advance broad-based economic growth, the United States rolled out its...
ANNUAL GENERAL MEETING 2022 CHAIR’S REPORT I am pleased to present my second report on the activities and achievements of the NZ International Business Forum (NZIBF) for 2022-23, our fifteenth year of operations. At the outset I would like to thank Members for...
Issued by the APEC Economic Leaders' Meeting Bangkok, Thailand, 19 November 2022 The Leaders of the 21 APEC member economies issued the 2022 Leaders’ Declaration following the 29th APEC Economic Leaders’ Meeting chaired by the Prime Minister of Thailand,...
New Zealand business will be represented at the APEC Leaders’ Week in Bangkok, commencing 13 November, by members of the APEC Business Advisory Council (ABAC). New Zealand’s three members – Rachel Taulelei, Malcolm Johns and Anna Curzon – supported by Stephen Jacobi...
Submission by NZIBF – October 2022 This submission is made on behalf of the NZ International Business Forum (NZIBF), whose members are listed at Annex A[1]. NZIBF is a forum of senior business leaders working together to promote New Zealand’s engagement in the global...
ADDRESS TO THE 51st ONE STOP UPDATE FOR THE ACCOUNTANT IN BUSINESS AUCKLAND, 25 OCTOBER 2022 STEPHEN JACOBI EXECUTIVE DIRECTOR NZ INTERNATIONAL BUSINESS FORUM GLOBAL ECONOMIC UPDATE Thanks to Brightstar for inviting me back to address this conference once again. When...
Submission by Export NZ and NZIBF - 29 September 2022 1.0 INTRODUCTION 1.1 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...
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...
