Trade Minister tagged posts

NZ-Russia Investigating FTA

June 1, 2010 International FinanceNew Zealand Finance

Government, old and newThe Governments of Russia and New Zealand have commenced preparation for future negotiations of a bilateral Free Trade Agreement (FTA).

On May 31st the Government of New Zealand released a statement announcing the commencement of groundwork for the eventual negotiations of a FTA between New Zealand and Russia. The statement was released shortly after a meeting between Tim Groser, Trade Minister of New Zealand, and Elvira Nabiullina, Russian Minister of Economic Development, held in Moscow. Tim Groser summarized the achievements of the meeting, saying, “Russia has agreed to proceed towards a formal trade agreement with New Zealand, subject to a satisfactory outcome of scoping discussions.”

According to a New Zealand Government statement, a FTA with Russia could be of great benefit to Ne...

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NZ-China FTA into Force

October 16, 2008 International FinanceNew Zealand Finance  No comments

On the 1st of October, a Free Trade Agreement between China and New Zealand came into force.

The Free Trade Agreement (FTA) between China and New Zealand was signed on the 24th of July. It was passed with a 104 for and 17 votes against in the New Zealand Parliament on the 7th of April. The Trade Minister Phil Goff was quoted as saying that the new FTA offered great opportunity for New Zealand to move into the world’s fastest growing market (China).

The most noticeable effect that will be felt on October 1st, is the abolishment of some tariffs on exports to China. The initial tariff cut was to any tariffs that were at or below five percent, roughly equating to 35% of all exports to China and 38.6% of imports from China...

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