fbpx
Print this page
Tuesday, 12 July 2016 09:55

G20 bodes well for NZ trade interests

Written by 
Trade Minister Todd McClay. Trade Minister Todd McClay.

Trade Minister Todd McClay says outcomes of the G20 Trade Ministers' meeting held in Shanghai July 9-10, are likely to be extremely important for New Zealand's trade interests.

"This was a positive meeting for our core interests in trade and investment," says McClay.

"There is a clear political will to build on the successes of the World Trade Organisation (WTO) Nairobi Ministerial last year, which agreed to eliminate agricultural export subsidies, and to make progress towards concluding an Environmental Goods Agreement."

In respect of the WTO, G20 ministers have committed to advance negotiations in a number of areas, including on the trade-distorting effects of agricultural domestic support.

McClay says this is vitally important to New Zealand's export interests and would be welcome news to our rural sector.

"While much remains to be done, this meeting has been a useful step in the process toward the next WTO ministerial in 2017," says McClay.

G20 ministers negotiating the WTO Environmental Goods Agreement also reaffirmed their intention to conclude an ambitious agreement and to do so quickly, seeking to finish later this year.

"New Zealand has been a strong advocate of the Environmental Goods Agreement and I have pushed for an outcome that has clear benefits for both trade and the environment whilst in Shanghai. A successful outcome in this area could be beneficial for New Zealand trade," says McClay.

While at the G20 meeting, McClay had bilateral discussions with counterparts from a number of countries including Argentina, United States, Korea, Saudi Arabia, Indonesia, Mexico, Laos, Russia, and China.

"The diversity of New Zealand trade means we are active in a wide range of markets. This meeting was an invaluable opportunity to progress our specific bilateral trade issues with these countries."

New Zealand was one of only two non-G20 members to be invited by China to attend the trade ministers' meeting.

More like this

Fieldays calls for strategic investment in its future

A function at Parliament on 7th October brought together central government decision-makers, MPs, industry stakeholders and commercial partners to highlight the need for strategic investment in the future of Fieldays and its home, the Mystery Creek Events Centre campus.

McClay: “Go hard, go fast!"

Opening a new $3 million methane research barn in Waikato this month, Agriculture Minister Todd McClay called on the dairy sector to “go as fast as you can and prove the concepts”.

$2b boost in NZ exports to EU

New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.

Featured

Carrfields invests in new Ashburton R&D hub

The Ashburton-based Carrfields Group continues to show commitment to future growth and in the agricultural sector with its latest investment, the recently acquired 'Spring Farm' adjacent to State Highway 1, Winslow, just south of Ashburton.

Elite sheep dogs to go head-to-head at Ashburton A&P Show

A major feature of the Ashburton A&P Show, to be held on October 31 and November 1, will be the annual trans-Tasman Sheep Dog Trial test match, with the best heading dogs from both sides of the Tasman going head-to-head in two teams of four.

National

Tributes paid to Jim Bolger

Dignitaries from  all walks of life – the governor general,  politicians past and present, Maoridom- including the Maori Queen, church…

Machinery & Products