New Zealand and Singapore are encouraging other countries to join the Trans-Pacific Strategic Economic Partnership Agreement, dubbed the "P4" that also includes Chile and Brunei.
The Trans-Pacific Strategic Economic Partnership Agreement (P4) is the latest attempt to bind the policy options of present and future New Zealand governments to a global liberalisation agenda that is facing a crisis.
One of the main consequences of globalization has been the expansion of international trade. Bringing down trade barriers and witnessing the alleged ongoing deregulation of the global market seems to be a picture that many find quite alluring.
Government officials today signed off on a multi-nation free trade agreement that will end all trade tariffs among New Zealand, Chile, Singapore and Brunei by 2015.
Brunei Darussalam together with Chile, New Zealand and Singapore are now the founding members of the first ever Trans-Pacific Strategic Economic Partnership Agreement.
Press release from NZ government outlining key features of the Trans-Pacific Strategic Economic Partnership Agreement between Brunei, Chile, New Zealand and Singapore.
On 3 Jun 05, the trade ministers of Brunei, Chile, New Zealand and
Singapore announced the substantive conclusion of the Trans-Pacific
Strategic Economic Partnership Agreement (“Trans-Pacific SEP”) on the
sidelines of the APEC Ministers Responsible for Trade (MRT) meeting in
New Zealand, Brunei, Chile and Singapore announced a trans-Pacific free trade pact to improve market access between the countries.
Singapore, Chile, New Zealand and Brunei have completed their fifth round of Free Trade Agreement (FTA) negotiations.
The New Zealand, Chile and Singapore governments are promoting a P-3
whose primary - and arguably only - beneficiaries are the transnational companies that
straddle two of the three countries, including opportunists who locate there to take advantage
of the deal. The greatest potential beneficiaries are the agribusiness interests of Fonterra and
Nestle as they promote their shared strategy to dominate Latin America’s dairy industry.
A diplomatic gaffe by "jet-lagged" Trade Minister Jim Sutton is thought
unlikely to deter Chile from signing a three-way trade deal with New
Zealand and Singapore next year.