Monday, 25 January 2016 10:51

TPP honours Treaty: Minister

Written by 
Trade Minister Todd McClay. Trade Minister Todd McClay.

Nothing in the Trans Pacific Partnership (TPP) will prevent the Crown from meetings its obligations to Maori, says Trade Minister Todd McClay.

McClay released a new TPP factsheet outlining how TPP specifically recognises the Treaty of Waitangi, as well as other areas of significance for Māori including opportunities for Māori exporters.

"There is a lot of misinformation out there about TPP," McClay says.

"As with all of New Zealand's free trade agreements since 2001, TPP includes a specific provision preserving the pre-eminence of the Treaty of Waitangi in New Zealand.

"The value of the Māori asset base is now over NZ$40 billion, with significant ownership in key export sectors such as red meat, dairy, kiwifruit, forestry, and seafood.

"Maori therefore stand to benefit from the tariff savings under TPP on current exports across these sectors, which are estimated to be more than $200 million a year once the tariff commitments are fully phased in.

"New Zealand's approach in its free trade agreements reflects the constitutional significance of the Treaty of Waitangi to New Zealand.

"The Treaty of Waitangi exception is in addition to the fact that the obligations in TPP have been designed so as not to impair the ability of governments to make legitimate public policy, including in health, education, and protecting the environment.

"Being part of TPP – which covers 36 per cent of global GDP, and takes 40% of our exports – is strongly in New Zealand's national interest."

More like this

O'Connor to tackle 'tricky issues'

Trade and Agriculture Minister Damien O'Connor is in the UK and Europe this week in an attempt to breathe some life into the crucial free trade agreements (FTAs) New Zealand is negotiating with the EU and the UK.

Hort sector demands action

Horticultural exporters, growers, food companies and industry leaders are demanding that the Government develops a plan to allow Pacific Island seasonal workers to return later this year.

NZ's trade challenges

Agriculture and Trade Minister Damien O'Connor recently spoke at the Auckland Trade and Economic Policy School emphasising the importance of trade in the Covid era. Here are excerpts from his speech:

Quota split a major worry

New Zealand meat exporters want the EU and UK to get serious on reaching a deal on post-Brexit quotas.

National

Wide price range 'realistic'

Fonterra's wide forecast milk price range for the new season is realistic, says BNZ senior economist Doug Steel.

Machinery & Products

Lady muck really does suck

As anyone will attest to – if they’re married to someone with horses, have kids with ponies or are foolish…

The perfect workhorse

Hastings-based Kleer Contractors provides 24-hour machine work and labour for a local food processing plant.

» The RNG Weather Report

» Latest Print Issues Online

The Hound

No thanks!

OPINION: A mate of this old mutt's almost choked on his dog tucker when he came across the musings of…

More sunlight

OPINION: Your canine crusader hears that not all is rosy in the world of supposed rural sector congeniality.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter