Progress towards TPP 11 welcomed

by | Aug 17, 2017 | Media Releases | 0 comments

Remove

Issued by New Zealand International Business Forum (NZIBF).

17 August 2017 – News that the New Zealand Cabinet has approved a negotiating mandate for the Trans Pacific Partnership Eleven (TPP11) has been welcomed by the NZ International Business Forum.

“The approval of a negotiating mandate is an important step towards TPP11, a deal that will deliver real benefits to the New Zealand economy” said NZIBF Chairman Malcolm Bailey.

Mr. Bailey said TPP11 will deliver to New Zealand exporters improved market access into Japan, which is New Zealand’s third largest market, as well as other markets that are not yet underpinned by bilateral trade agreements including Canada, Mexico and Peru.

“Once the TPP11 agreement is fully implemented, it is expected to increase New Zealand’s GDP by $2.5 billion per annum. Annual tariff savings will be in the order of $222 million. These projected gains show that TPP11 remains a valuable endeavour and we applaud the Government’s commitment to achieving this deal for New Zealand.”

ENDS

For further information:

Fiona Cooper, Associate Director, cell 021 934 466

About NZIBF (www.tradeworks.org.nz)

NZIBF is a business organisation which aims to generate wealth for New Zealanders by helping ensure that New Zealand enterprises are fully integrated and engaged in the global economy and New Zealand’s global competitive position is maximised. NZIBF participants represent companies and sectors with a turnover of over $20 billion.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

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

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 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...