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Wednesday, 14 December 2016 12:22

Japan passes TPP

Written by 
Trade Minister Todd McClay. 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.”

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