Two hoary old myths are peddled as a means to get NZ out of its particular corner of the global economic crisis — that the economy needs to be opened up even more to foreign investors, by means of liberalising, yet again, the Overseas Investment Act; and that a Free Trade Agreement with the US is the Holy Grail of the numerous trade deals that the Government is currently pursuing. The Campaign Against Foreign Control of Aotearoa (CAFCA) says “no” to both and we are not alone.
Position paper of the US-based Biotechnology Industry Organisation on the US negotiation of a Trans-Pacific Partnership FTA with Singapore, Chile, Brunei, Vietnam, Australia, New Zealand and Peru
The Asia-Pacific Council of American Chambers is urging the Obama administration, while AmCham Philippines is lobbying the Macapagal Arroyo government, to join the Trans-Pacific Partnership (TPP) free trade area
The careful stage management of announcements on free trade agreements is not new. But the US decision to defer negotations on the Trans-Pacific Partnership should encourage us to look beyond the simplistic assumptions that the more free trade agreements we sign, the better off we will be, based mainly on some fanciful modelling of the gains to agricultural exporters.
Don’t misread Kirk’s testimony to yesterday’s meeting of the US Senate Finance Committee as an omen that the last rites are imminent for New Zealand’s prospective regional free-trade deal with the world’s largest consumer nation. Instead focus on Kirk’s confident statement during his Senate confirmation hearing that President Barack Obama will seek renewed trade promotion authority (or fast-track) at the "appropriate time".
New Zealand research and education network ARENA today welcomed news that the United States has postponed trade negotiations with New Zealand pending an overall review of US trade policy, and says that the New Zealand government should follow suit.
Just weeks from the start of talks on a trans-Pacific partnership deal, encompassing New Zealand, Chile, Singapore, Brunei and the United States, President Barack Obama has put the talks on hold.
At a hearing on proposed free trade negotiations with countries in the Trans-Pacific Partnership area (TPP), the US National Council of Textile Organisations opposed the proposed inclusion of Vietnam in the negotiations and said the textile industry would oppose any agreement that included Vietnam.
President Bachelet reportedly asked her Korean counterpart to come to the negotiating table next March in Singapore, where countries including New Zealand, Singapore, Chile, Brunei, the United States, India, Peru and Australia are expected to start negotiations on a multilateral FTA. According to Korean Presidential spokesman Lee Dong-kwan, President Lee gave a positive response to the proposal.
Singapore, Brunei, Chile, New Zealand and the US have warmly welcomed the announcement by Australia and Peru that they intend to join negotiations on the Trans-Pacific Strategic Economic Partnership (TPP).
The free trade agreement begun by New Zealand, Singapore, Chile and Brunei - known as the P4 - two years ago is set to expand even further with two more countries , Australia and Peru, as well as the United States wanting to join.
The New Zealand defence industry is renewing calls for a free trade agreement with the United States, which would allow New Zealand companies to compete for a slice of US military contracts.
As New Zealanders have learned from the China FTA, we would be foolish to listen uncritically to the promises already being made for a trade deal with the US. The US drives a hard bargain.
Canberra sees the transpacific partnership as a potential stepping stone to a broader regional agreement, and as a means of ensuring Australia is not damaged by the growing number of free trade agreements throughout the Asia Pacific.
Concerns are being raised by the Green Party as to how a free trade agreement with the United States might affect domestic drug-funding agency Pharmac.
The US has reinvigorated its trade policy with the announcement it will enter into comprehensive Free Trade Agreement (FTA) negotiations to become a full partner to the Trans-Pacific Partnership (P4).
The United States’ dairy industry is more open to a free trade deal with New Zealand than in the past, US trade representative Susan Schwab says.
The proposed expansion of the Trans-Pacific Strategic Economic Partnership (NZ, Chile, Brunei, and Singapore, commonly known as the P4 Agreement) to include investment and financial services, and to add the US to its membership, was bad enough. But for this to suddenly morph into a fullblown Free Trade Agreement with the US is catastrophic for any remaining economic sovereignty that New Zealand has.
Australia, Peru and Vietnam have expressed interest in joining a budding Asia-Pacific tariff-busting plan which received a boost on Monday with the participation of the United States, officials said.
The US National Milk Producers Federation said today it would seek the full exclusion of New Zealand’s dairy products under the newly-announced Transpacific free trade agreement. This stance is because of the New Zealand dairy industry’s unique structure and excessive manipulation of dairy markets globally and in the US.