April 2025 Introduction This submission is being made on behalf of the New Zealand International Business Forum (NZIBF), whose members are listed at...
The business community strongly supports the Trans Pacific Partnership (TPP) and looks forward to seeing the agreement enter into force as quickly as possible, say a group of business representatives drawn from eleven TPP economies.[1]
The group is currently in San Francisco attending a meeting of the APEC Business Advisory Council (ABAC). TPP was signed in New Zealand on 4 February 2016.
ABAC Member for New Zealand Tony Nowell, speaking on behalf of the group, described TPP as a “historic opportunity to transform trade in goods, services, investment and ‘new economy’ issues in the TPP economic zone.”
The TPP economies represent 36% of global GDP and 812 million consumers.
“Business and consumers will benefit from improved rules for trade and investment and the creation of the right environment for global value chains to grow. The cost of doing business will be reduced significantly as tariffs and non-tariff barriers are removed,” Mr Nowell said.
“The TPP economies will enjoy greater prosperity as a result of improved access to goods and services and enhanced flows of capital,” he added.
The business representatives congratulated the governments of the TPP economies on the conclusion of the agreement.
“Now what is needed is prompt action to ratify the agreement. We urge TPP governments to take the necessary steps to allow the agreement to be implemented at the earliest opportunity.
“In many economies, that will include a process of robust debate. We welcome such debate, and look forward to advocating strongly for the benefits that this agreement offers to all participants,” concluded Mr Nowell.
For further information:
In New Zealand:
Tony Nowell, Member, ABAC New Zealand, mobile +64 21 488 895
Stephen Jacobi, Alternate Member ABAC New Zealand, mobile +64 294 725 502
[1] The business representatives are drawn from Australia, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore, United States and Vietnam. Brunei was not represented at the San Francisco meeting.
Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.
April 2025 Introduction This submission is being made on behalf of the New Zealand International Business Forum (NZIBF), whose members are listed at Annex A[1]. NZIBF is a group of senior business leaders working together to promote New Zealand’s engagement in the...
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...
Media release, 4 April 2025 The New Zealand International Business Forum (NZIBF) has reacted with deep disappointment to the news that the United States will implement an additional 10 percent ad valorem tariff on New Zealand exports. “The United States is a close and...
Market price support policies (aka as “subsidies”) in the agriculture sector are a classic example of what is meant by 'beggar thy neighbour'. One country attempts to improve its own economic situation by intervening in the market on behalf of its producers, at the...
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...
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...
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...
BRISBANE, 24 FEBRUARY 2025 STEPHEN JACOBI, EXECUTIVE DIRECTOR, NZIBF My thanks to Anna Curzon and Stephanie Honey for giving me one last opportunity to speak to ABAC. I want to talk today about rising protectionism and proliferating non tariff barriers. It’s not a new...
Brisbane, Australia, 25 February 2025 - Among rising global economic tension, the APEC Business Advisory Council met in Brisbane this week to reaffirm its support for the value of trade and cooperation, and the original APEC commitment to free, fair, open and...
RATIFICATION OF NEW ZEALAND-UAE COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT (CEPA) STEPHEN JACOBI, EXECUTIVE DIRECTOR, NZIBF Thank you Chair for the opportunity to appear before the Committee today. I do so on behalf of the members of the NZ International Business...
17th February 2025 Our Recommendations ExportNZ and the New Zealand International Business Forum (NZIBF) support the Government’s overall intention to modernise New Zealand’s gene technology regulations. We support the establishment of a risk-based regulatory regime...
RATIFICATION OF NEW ZEALAND-UAE COMPREHENSIVE ECONOMIC PARTNERSHIP AGREEMENT (CEPA) FEBRUARY 2025 This submission is made on behalf of the New Zealand International Business Forum (NZIBF) and ExportNZ[1]. NZIBF is a forum of senior business leaders working together...
On 24 September 2024 a stakeholders seminar was held in Auckland to reassess the Southern Link concept, five years after a large conference kickstarted focused discussion of the idea (before Covid intervened). This report of the seminar discussions...
STOP PRESS – NOT SO FAST. This post deals with the tariffs President Trump announced on 1 February he would impose on Canada, Mexico and China. By 4 February he announced imposition of tariffs on Canada and Mexico would be suspended for 30 days (until 5 March). ...
The end of 2024 has trade advocates reaching back to their 2016 taking points as an Administration of a depressingly protectionist hue prepares to take office in the United States, once the global champion for trade liberalisation. We do not know for now what,...
0 Comments