History tells us that the path to power and prosperity is trade. You can’t grow your country’s wealth by trading with yourself; you have to go and get some other countries’ wealth to become more prosperous. This is absolutely true for New Zealand, where horticulture is an enormous contributor to our...
New Zealand’s wealth is driven by our exports, and anything the Government can do to improve our ability to export adds to our country's wealth. This week there have been two initiatives announced by the Government designed to do just that.
Every two years a report is released setting out the barriers to horticultural exports out of New Zealand. In the latest report, released on 30 November, the following data is presented:
United States President Donald Trump has formally withdrawn the US from the Trans Pacific Partnership (TPP). So, what now?
Last Friday, the Government released its new trade strategy, Trade Agenda 2030. This is a comprehensive and thoughtful strategy that will enable horticulture growth through its focus on:
Largely unnoticed last week was the announcement of the Pacific Trade Deal designed to cut down trade barriers covering goods and services as well as reduce tariffs, boost tourism, and raise living standards in the 12 Pacific Island Nations are part of the deal with Australia and New Zealand.
Horticulture has experienced a spectacular 40 percent growth in export earnings since 2014, according to a new report, with tariffs on exported produce down by 22 percent since 2012.
An 11 nation TPP is looking like more of a possibility every day. The United States has said that it will not be party to the TPP, but other countries have indicated they want to press on with reaching an agreement.
The Minister and Ministry of Foreign Affairs and Trade are currently holding public meetings around New Zealand, explaining our trade agenda through the Government’s recently released Trade Agenda 2030: securing our place in the world. This is a great initiative, designed to explain to New Zealanders the importance of trade, and...
At the recent Horticulture Conference in Tauranga, Dr Roland Fumasi –vice president, senior analyst and manager for Rabobank’s RaboResearch’s Food and Agribusiness group – gave an insightful presentation into where New Zealand will be trading in the future.
Growth in horticulture, and the entire primary sector, is dependent on good trade access to countries that can afford to pay for our premium food. Reducing tariffs certainly assists with the flow of export earnings back to New Zealand, but the real issue is what is called non-tariff barriers. Whether or...
New Zealand is a trading nation. We rely on export earnings from free trade for our financial prosperity. But free trade is a two way street – the countries involved open up their borders to allow free movement of goods and services on an equal basis. This includes property ownership.
Access to Japan for New Zealand fruit is one of the big wins for horticulture from today’s signing of the Comprehensive and Progressive Agreement for Trans-Pacific (CPTPP), says Mike Chapman, chief executive of Horticulture New Zealand, who is in Chile for the event.
Once you strip away all the figures, data, and modelling, there remains one essential fact: free trade deals generate incredible wealth for those who are party to them. In reality, free trade agreements have two main benefits besides tariff reductions.
Today’s trade deals are broadening their focus, from just addressing tariff reductions to including issues that are challenging the world today, such as protecting the environment, encouraging the growth of small to medium businesses, and fair treatment of workers.
New Zealand relies on trade for its economic survival. Without trade New Zealand would be a very different and a much poorer country. Successive New Zealand Governments have successfully worked to open up trading opportunities throughout the world and this continues today, with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)...
New Zealand’s economy is in good shape and growing. In the past, when the economy is growing, workers have gone after wage increases. The flow-on effect of this is that businesses put up their prices, inflation increases, the exchange rate increases making exports less profitable, and the Reserve Bank tightens...
Guest Blog – Richard Palmer
The growing tensions between the United States and China are casting an ominous shadow over world trade. The risks are now becoming the subject of frequent commentary in mainstream media, with reports telling of the jostling for position between these two world powers.
The saying goes: “In this world nothing can be said to be certain, except death and taxes”. The Tax Working Group report has been made public and it appears to be true: more taxes and the impending death of New Zealand’s small businesses.
The Reserve Bank is currently consulting on a proposal to get New Zealand banks to hold more funds. This would reduce the risk of banks failing so that, in the event of a ‘run on the bank’, there would be enough funds keep the bank operating.