Monday, 03 December 2012 10:24

TPP kicks off

Written by 

Trade Minister Tim Groser has welcomed the arrival of over 500 negotiators from 11 countries to Round 15 of Trans-Pacific Partnership (TPP) negotiations, which run from today (December 3) until December 12 in Auckland.


"TPP participants already take around 38% of our exports and include our largest services and international procurement markets," says Groser.

"A comprehensive 21st century agreement would provide many more opportunities to New Zealand businesses to grow their trade and investment footprint in the region."

The Government's free-trade agenda is part of its wider programme to build a more productive and competitive economy that will help New Zealand businesses grow, create jobs and sell more of their products and services around the world.
Collectively the 11 TPP economies have a total population of 650 million people and represent around US$21 trillion in GDP.

The round follows last week's meeting in Phnom Penh where seven TPP leaders, including Prime Minister Key, expressed a common interest to seek to conclude a high-quality deal in 2013.
Canada and Mexico will take part in the TPP negotiations for the first time.

"Their participation represents a key step towards a regional free trade agreement and reinforces TPP's potential as a pathway to towards increased trade and economic integration around the Asia-Pacific," Groser says.

More like this

Vintage 2024: Auckland

Kumeu River's 2024 harvet was done and dusted by mid-March, with light crops ripening quickly in the dry and warm conditions.

Altogether Unique: Auckland

A very wet winter and spring in Auckland vineyards was relieved by a spell of fine weather at Christmas, drying everything out.

ASB rolls out more community bankers

ASB is rolling out more community bankers across New Zealand, providing targeted coaching and seminars to help customers with their personal finance needs.

Vintage 2021 - Auckland

A very early harvest paired with a very slow shipping schedule caught Auckland Winemaker Peter Turner on the hop this vintage.

Featured

Case IH partners with Meet the Need

Tractor manufacturer and distributor Case IH has announced a new partnership with Meet the Need, the grassroots, farmer-led charity working to tackle food insecurity across New Zealand one meal at a time.

25 years on - where are they now?

To celebrate 25 years of the Hugh Williams Memorial Scholarship, Ravensdown caught up with past recipients to see where their careers have taken them, and what the future holds for the industry.

Rockit Global appoints COO

Rockit Global has appointed Ivan Angland as its new chief operating officer as it continues its growth strategy into 2025.

National

Machinery & Products

Iconic TPW Woolpress turns 50!

The company behind the iconic TPW Woolpress, which fundamentally changed the way wool is baled in Australia and New Zealand,…

» Latest Print Issues Online

The Hound

Keep it up

OPINION: The good fight against "banking wokery" continues with a draft bill to scrap the red tape forcing banks and…

We're OK!

OPINION: Despite the volatility created by the shoot-from-the-hip trade tariff 'stratefy' being deployed by the new state tenants in the…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter