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Trade Minister Todd McClay.
Trade Minister Todd McClay says Japan’s passing of TPP legislation demonstrates their support for international trade liberalisation.
“It’s good to see the world’s third largest economy join New Zealand and show leadership on trade,” says McClay.
“With the Upper House endorsement on December 9, Japan has now completed its parliamentary process for the approval of the TPP Agreement. This follows New Zealand’s passage of the primary legislation necessary to ratify the agreement on November 15.
“This is an important step in the right direction and a signal to other nations,” says McClay.
“We must continue to champion the benefits of openness and inclusiveness. This remains the only way to secure prosperity for our economy and for generations to come.
“New Zealand is trading nation and fair access to markets is essential for the continued growth and stability of our economy.
“We currently have an ambitious trade agenda. We are negotiating regional, multilateral and bilateral agreements and will continue to look for opportunities for New Zealand exporters in Europe, Asia and other parts of the world.
“Now, more than ever, the world needs leadership on trade and I congratulate Japan for passing their TPP legislation.”
Trade Minister Todd McClay says his officials plan to meet their US counterparts every month from now on to better understand how the 15% tariff issue there will play out, and try and get some certainty there for our exporters about the future.
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Trade Minister Todd McClay says the US tariff decision appears to be based on a calculation of trade deficits, with countries running a surplus with the US moved to the higher rate.
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New Zealand is closer to eradicating bovine TB than ever before, but possums remain a threat, says Beef + Lamb New Zealand.
Foreign Affairs Minister Winston Peters has joined the debate around the proposed sale of Fonterra’s consumer and related businesses, demanding answers from the co-operative around its milk supply deal with the buyer, Lactalis.
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