Stephen Jacobi, NZIBF Executive Director, speaks to the Confederation of Indian Industry Partnership Summit in New Delhi about The Future of Multilateralism.
Submission to MFAT for CPTPP Review
30 September 2022
Economic Division, Ministry of Foreign Affairs and Trade, Wellington
Thank you for your email of 1 September, seeking our comments on the three year review of the Comprehensive and Progressive Agreement for Trans Pacific Partnership (CPTPP).
As a long-term supporter and advocate of CPTPP (and its predecessor) we welcome this review. While it comes fairly early in the life of this agreement (and, as the review notes, a time of constraint for the region’s economy), we are pleased (although not at all surprised) to see that trade flows with CPTPP partners have increased and utilisation of preferences is high, notably with Mexico, Canada and Japan. Anecdotal evidence suggests that CPTPP has given New Zealand much to gain in terms of trade with Japan particularly as tariff elimination/reduction in key sectors accelerates. Implementation efforts remain critical. We appreciate the New Zealand Government’s willingness to consider options to enforce existing obligations through utilising CPTPP’s dispute settlement provisions where necessary (eg. such as in the case of Canada’s approach to dairy tariff rate quota administration). We hope also that the work of CPTPP implementing committees can pick up pace now that the pandemic has eased – we see significant value to be gained, especially in trade facilitation, from the work of these committees.
We understand that this review has been undertaken primarily to assess the impact of the agreement in terms of inclusion and sustainability. We would however make the (obvious) point that unless the agreement gives rise to increased trade and investment, the outcomes in other areas are unlikely to be achieved fully. In that context, since CPTPP entered into force, NZIBF has welcomed the interest in new members acceding to the agreement, and the formal launch of the UK’s accession process. We support CPTPP as an ‘open plurilateral’ to build on the existing agreement and allow new members to join on the basis that they can meet the existing standards of the agreement. We note however that we would not want to see the dilution of existing trade access, through for example, the ability of new members to access existing tariff rate quotas. We appreciate the New Zealand Government’s efforts to protect and maintain this existing access as membership expands. With regard to new members, we appreciate also the Government’s efforts to advocate for the US to re-join in the future. While we understand that the US may not be in a position to join at this point, we welcome the Government’s ongoing advocacy of their future accesson.
In relation to inclusion, we welcome the progress and metrics in relation to women, Māori and small and medium sized enterprises (SMEs). In New Zealand we believe more could be done to bring the agreement and its benefits to the attention of these groups. While again the pandemic has had an effect on outreach, we consider this needs to be stepped up in the next period. In relation to SMEs we suggest the development of further metrics around usage of digital tools, particularly in relation to paperless trade, would be useful.
We also welcome the review’s findings in relation to sustainability. In this regard we note the range of metrics pertaining to environmental goods appears to be rather narrow: some broader discussion of impacts on the environment and climate would be helpful, although we appreciate data is difficult to identify.
As a general comment, not related directly to the review document, we are unsure what use has been made of the Trade for All Advisory Board in seeking comments on the review. We note the Board is not one of the entities identified with in the targeted stakeholder consultation. Having been consulted on the establishment of the TfAAB, we are disappointed that little public information is available on the Board’s continuing work or their role in guiding the development of trade policy. Since Trade for All was established to make up for a deficit in information related to trade negotiations, this seems something of an anomaly !
In general we are pleased to endorse the recommendations in the review document. We appreciate the opportunity to be consulted.
One final small point – we are the NZ International Business Forum and would be grateful if you could amend the document accordingly.
Stephen Jacobi – Executive Director, NZIBF
REGISTER WITH TRADE WORKS
Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.
Remarks to Confederation of Indian Industry Partnership Summit, New Delhi, 15 March 2023
"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....
AMIDST THE STORM: ABAC MEETS IN AUCKLAND
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...
Asia-Pacific business leaders call for action on climate and economic inclusion
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...
ASIA-PACIFIC BUSINESS LEADERS GATHERING IN AUCKLAND, 12-14 FEBRUARY 2023
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...
A YEAR FOR RECONNECTING
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...
MAJOR GATHERING OF ASIA-PACIFIC BUSINESS LEADERS TO BE HELD IN AUCKLAND, 12-14 FEBRUARY 2023
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...
NZ Herald: Time to lift our game in India
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.
APEC Rolls out Priorities for 2023
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...
NZIBF 2022 Chair Report
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...
APEC Leaders Issue 2022 Declaration and the Bangkok Goals on the Bio-Circular-Green Economy
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,...
NZ BUSINESS LEADERS AT APEC 2022
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 to the Ministry of Foreign Affairs and Trade: Re-Development of the Framework for Integrating Labour Standards and Trade Agreements
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. 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, 25 October 2022
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 to MPI on Modernising Our Export Assurances Systems: Legislative Options
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...
WHAT’S IN A NAME?
The now widespread use of the term “Indo Pacific” to describe the region to which New Zealand belongs brings a risk of geographical confusion. When did the “Asia Pacific” become the Indo Pacific? For thirty years or more New Zealand has sought to enhance...