Monday, 14 November 2011 16:21

Trade deal would transform economy

Written by 

A Trans Pacific Partnership (TPP) would transform New Zealand's agriculture and economy by involving five of our top ten export partners.

A TPP could boost our exports to the United States enormously and its only one partner, says Bruce Wills, Federated Farmers President and economics and commerce spokesperson.

"The sky is the limit given HSBC Bank says our trade with the rest of the world could grow 83 percent in the next 15 years. That outperforms the global average and is vital for us to remain a first world nation and for public services to remain properly funded.

"A 2002 a report for the US-NZ Council found a true free trade deal between our two countries would boost New Zealand exports to the United States by 51 percent. New Zealand currently exports around $4 billion to the United States; our number three trading partner.

He says Japan joining TPP negotiations "supercharges the TPP's overall potential". Japan is the world's number three economy and our fourth largest export partner. The potential is "huge" because the TPP would involve half of our top ten export partners including three of the top four.

"The crucial thing for Federated Farmers is the removal of trade barriers for agriculture. That's a non-negotiable requirement for us as the world needs to eliminate tariffs and subsidies. Free trade also needs a wider genuine commitment to services, investment and intellectual property.

"While the free trade agreements we have with the likes of Australia and China are tremendous, multilateral trade agreements are the future, such as the one we have with ASEAN (Association of Southeast Asian Nations)."

More like this

Dr Mike Joy says sorry, escapes censure

Academic Dr Mike Joy and his employer, Victoria University of Wellington have apologised for his comments suggesting that dairy industry CEOs should be hanged for contributing towards nitrate poisoning of waterways.

Farmer anger over Joy's social media post

A comment by outspoken academic Dr Mike Joy suggesting that dairy industry leaders should be hanged for nitrate contamination of drinking/groundwater has enraged farmers.

Featured

Fencing excellence celebrated

The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards, providing the opportunity to honour both rising talent and industry stalwarts.

National

Machinery & Products

Tech might take time

Agritech Unleashed – a one-day event held recently at Mystery Creek, near Hamilton – focused on technology as an ‘enabler’…

John Deere acquires GUSS Automation

John Deere has announced the full acquisition of GUSS Automation, LLC, a globally recognised leader in supervised high-value crop autonomy,…

Fencing excellence celebrated

The Fencing Contractors Association of New Zealand (FCANZ) celebrated the best of the best at the 2025 Fencing Industry Awards,…

» Latest Print Issues Online

The Hound

A step too far

OPINION: For years, the ironically named Dr Mike Joy has used his position at Victoria University to wage an activist-style…

Save us from SAFE

OPINION: A mate of yours truly has had an absolute gutsful of the activist group SAFE.

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter