Beefed-up China trade deal hoped to benefit dairy farmers
Silver Fern sale to complete ahead of schedule
Changing dynamics in household behaviour help explain low inflation
Trump to withdraw from TPP on day-one of Presidency
New online health and safety tool to help SMEs manage risks
Ford Deal Would Have Changed Face of New Zealand Economy
NZ dollar gains with other commodity currencies as greenback slips from 16-year high
Trend continues for higher-level qualifications in STEM subjects
Shipping up in the world cheaper than ever
NZManufacturer November Edition out today
Launch of negotiations to upgrade China FTA announced
The Faculty of Engineering at the University of Auckland is pleased to announce a partnership with the Federation of Māori Authorities (FOMA) to foster closer ties between leading engineering researchers and Māori enterprises.
The Faculty of Engineering at the University of Auckland is pleased to announce a partnership with the Federation of Māori Authorities (FOMA) to foster closer ties between leading engineering researchers and Māori enterprises.
Deputy Dean of Engineering Professor Margaret Hyland said that the Faculty had much to learn from working with Māori and the knowledge and expertise within the Faculty could also be of significant benefit to FOMA members.
The partnership was a valuable opportunity to work more closely with Māori business and enterprise.
“We have much to learn from the Māori world, so that closer relationships through initiatives such as this help ensure both Māori and non- Māori students and academic staff are exposed to this part of our economy and our nation’s unique indigenous insights and world view,” she said.
Professor Hyland said Māori success is New Zealand’s success. Developing rangatahi (young people) who can contribute to this success was important.
“In areas such as nanotechnology, robotics and materials engineering we have much to offer Māori organisations and enterprises that are looking to increase opportunities to ensure the best return on their assets,” she said.
FOMA Chairman Traci Houpapa said the relationship with the University would form an important strategic partnership in years to come. It would ensure that Māori enterprises had access to some of the best and brightest engineers and scientists in the country.
The Faculty of Engineering has established a team of engineers and researchers who will be able to meet with FOMA members in their rohe (tribal areas).
Ms Houpapa has been invited by the Faculty to make a presentation tomorrow to help cement the relationship and consider next steps.
Trade Minister Todd McClay and Malaysian Minister of International Trade and Industry YB Dato’ Sri Mustapa Mohamed met at APEC in Lima today to conclude the first General Review of the Malaysia-New Zealand Free Trade Agreement (MNZFTA).
The FTA entered into force on 1 August 2010.
“The strong trade and investment flows between the two economies are underpinned by a close and cooperative working relationship,” says Mr McClay.
“It is a solid platform to develop further trade and investment opportunities in both our countries.”
The Review Report concludes that the operation and implementation of the Agreement is serving the Agreement’s objectives to strengthen Malaysia and New Zealand’s bilateral relationship and to liberalise and expand bilateral trade.
“Both Malaysia and New Zealand have delivered on their commitments around tariff elimination, services liberalisation, and the treatment of investments,” says Mr McClay.
New Zealand’s goods exports to Malaysia increased by 34 per cent from NZ$705 million in 2009 to NZ$943 million in 2015.
Malaysia’s goods exports to New Zealand increased by 70 per cent from NZ$0.9 billion in 2009 to NZ$1.46 billion in 2015.
Services exports, investment flows and visitor numbers have also all increased since MNZFTA’s entry into force.
“Both Minister Mustapa and I are confident that the FTA will continue to develop and deepen the trade, investment and economic links between Malaysia and New Zealand,” says Mr McClay.
Prime Minister John Key today announced the launch of negotiations to upgrade the New Zealand - China Free Trade Agreement (FTA).
The announcement followed a meeting this morning with Trade Minister Todd McClay and Chinese Commerce Minister Gao Hucheng at the APEC Summit in Lima, Peru. Mr Key and President Xi welcomed the commitment to an upgrade at the APEC Leaders’ retreat today.
“New Zealand was the first developed country to negotiate and conclude an FTA with China, and I’m pleased that today we have reached the fifth ‘first’ in our relationship, as the first developed country to launch an upgrade of an FTA,” says Mr Key.
“It has been eight years since our FTA with China came into force and it has exceeded all expectations. It has an enviable record and showcases to the world the importance of trade liberalisation.
“The upgrade will be an opportunity to deepen and broaden our comprehensive strategic partnership.
“It will ensure that our FTA continues to drive our relationship forward and takes into account the FTAs that China has negotiated with other trading partners since 2008.”
The negotiations will look to improve or enhance the broad range of areas already covered by the FTA. This gives either party the ability to raise issues of importance to them, and includes technical barriers to trade, customs procedures, cooperation and trade facilitation, rules of origin, services, and environmental cooperation. It will also address a number of newer areas such as competition policy and e-commerce.
A first round of negotiations will be held in the first half of 2017.
China is New Zealand’s second-largest goods and services export market and our largest export destination for goods. In the year ending June 2016, the value of goods and services exports totalled $12.2 billion.
Since the FTA, New Zealand’s goods exports to China have quadrupled, reaching $9.2 billion, and services exports have tripled, reaching $3.0 billion.
Obvious benefits emerging from shrouds
| Napier - MSCNewsWire - Monday 21 Nov,2016 |- Now that the media-led hysteria attendant upon the election of Donald Trump is fading we can obtain a clear fix on the new United States trade policies.
They in fact indicate an increasingly fair wind for New Zealand.
The priority is to in-shore what was once United States based engineering and manufacturing and return it to the rust-belts where the electors voted heavily for Trump.
This will not affect New Zealand which in the 1980s and in pursuit of globalisation ceased the manufacture here, actually added value, of all the most contentious products from the Trump point of view, notably vehicles.
The real shoot- out is between the United States and China. Here, New Zealand is in a strong position. An example will illustrate this point.
U.S. trade and commerce authorities in 2009 after President Obama took office imposed a punitive 35 percent tariff on vehicle tyres from China. In response, China took retaliatory steps of imposing tariffs on US chicken products with the result that importers now started by-passing the United States.
The point being that New Zealand stands to benefit in any forthcoming tit-for-tat trade war by acting as default supplier.
In New Zealand the emphasis on the Trump victory has centred on the Trans Pacific Trade wrap-up signed in Auckland earlier this year.
In fact and as MSC Newswire has consistently pointed out this now represents an earlier move to contain China by ensuring that the bulk of world trade, 80 percent, continues to be conducted in the USD.
This was a half-way house because of the Obama-Clinton adherence to the globalisation philosophy.
An anti-globalist president-elect Trump is bent on suppressing China’s currency while also stalling its exports to the United States
Tariff rates as high as 45 per cent have been floated as deterrents to Chinese manufactured goods imports into the United States.
China is the US largest trading partner, with USD $598 billion in total goods traded between the two nations in 2015.
Of that $598 billion, U.S. exports to China amounted to $116 billion, while goods imported from China amounted to $482 billion. This means the U.S. goods trade deficit with China was $366 billion in 2015, a 6.6 percent increase over 2014.
Meanwhile the détente between the United States and Russia implicit in the Trump victory is scheduled to end the US led embargo on Russia. New Zealand is party to this.
The embargo was imposed at the same time as EU production started moving away from quota restrictions and this has led to massive farm surpluses in Europe to New Zealand’s detriment.
Apple is reportedly asking its manufacturing partners to investigate moving iPhone production to the United States, according to the Japanese newspaper Nikkei. According to the report, sources claim that Apple has approached Foxconn and Pegatron, the two manufacturing companies that are largely responsible for assembling iPhones. Foxconn is apparently exploring the possibility, while Pegatron has elected to decline due to cost concerns.
According to the Nikkei, Apple made the request to explore moving manufacturing to its partners in June, prior to President-elect Donald Trump’s victory in the recent election. But despite that, this report has to be considered in light of Trump’s comments regarding Apple earlier this year. Trump has repeatedly suggested that Apple move its manufacturing back to the US. Continue to full article - | The Verge Nov 18, 2016 | -
LONDON, Nov. 16, 2016 /PRNewswire/ — Single-use Bioprocessing Systems Market: Trends and Opportunities
Bioprocessing is a significant part of biopharmaceutical development and production processes and single-use bioprocessing systems, which are meant for one-time use, have recently found their unique position in the biopharmaceutical and biotherapeutics industry. Biomanufacturing facilities which once housed only stainless steel equipment are paving the way for a hybrid setup which also incorporates single-use technologies. New facilities manufacturing biologics, especially CRO’s/CMO’s and small biotechnology startups are increasingly opting for fully single-use plants. These systems have made the production of clinical trial drugs as well as commercially manufactured drugs cost-effective and flexible. The market for single-use bioprocessing systems is expected to grow at a double-digit figure during the forecast period from 2016 to 2024 and shall be driven by factors such as lowered labor efforts, lowered capital cost, and riddance of time, money, and efforts spent on sterilization procedures.
Single-use Bioprocessing Systems Market: Scope and Methodology
This report on the global single-use bioprocessing systems market analyzes the current and future prospects of the market. The report comprises an elaborate executive summary, including a market snapshot that provides overall information of various segments and sub-segments. The research is a combination of primary and secondary research. Detailed qualitative analysis of factors responsible for driving and restraining market growth and opportunities has been provided in the market overview section. Market revenue in terms of US$ Mn for the period between 2014 and 2024 along with the compound annual growth rate (CAGR %) from 2016 to 2024 are provided for all the segments, considering 2015 as the base year. Market related factors such as technological developments, product innovation, expansion of infrastructural facilities by major and small pharmaceuticals, and historical year-on-year growth have been taken into consideration while estimating the market size. Growth rates for each segment within the global single-use bioprocessing systems market have been determined after a thorough analysis of past trends, demographics, future trends, technological developments, drug development life cycle, and regulatory requirements. These factors would help the market players to take strategic decisions in order to strengthen their positions and expand their share in the global market.
Single-use Bioprocessing Systems Market: Segmentation
Based on product type, the global single-use bioprocessing systems market has been segmented into bioreactors and fermenters, mixers, bags, filtration devices, tubing, sampling systems, connectors & clamps, and sensors & probes. Bags and bioreactors are the most prominently selling products in the single-use bioprocessing systems market.
Major end-users of single-use bioprocessing systems include pharmaceutical organizations, biotechnology organizations, CRO’s & CMO’s, and academic and research institutes. In terms of applications, the market has been segmented into monoclonal antibody production, vaccine production, plant cell cultivation, patient specific cell therapies, and others. The others segment includes recombinant proteins, enzymes, growth factors etc. The flexibility of single-use systems coupled with the decreased concern related to chances of cross contamination, make single-use bioprocessing systems a prime purchase option for manufacturers involved in monoclonal antibody production.
Geographically, the global single-use bioprocessing systems market has been segmented into five regions: North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The regions have been further segmented by major countries. A global overview has been provided, and the North America region has been analyzed in depth at country as well as product, application, and end-user segment level. The countries in North America section include the U.S. and Canada. The regions of Europe, Asia Pacific, Latin America, and Middle East & Africa have been briefly profiled at country level. The countries include the U.K., Germany, France, Italy, China, Japan, Australia & New Zealand, Brazil, Mexico, the UAE, and South Africa.
Single-use Bioprocessing Systems Market: Competitive Landscape
The competition matrix section included in the report is likely to assist the existing players to increase their market shares and new companies to establish their presence in the single-use bioprocessing systems market. The report also profiles major players in the single-use bioprocessing systems market based on various attributes such as company overview, financial overview, SWOT analysis, key business strategies, product portfolio, and recent developments. Key companies profiled in the report include Thermo Fisher Scientific, Merck KGaA (Merck Millipore), Danaher Corporation (Pall Corporation), Sartorius AG, Eppendorf AG, GE Healthcare, PBS Biotech, Inc., Meissner Filtration Products, Finesse Solutions, Sentinel Process Solutions, and Saint-Gobain.
The global single-use bioprocessing systems market has been segmented as follows:
Global Single-use Bioprocessing Systems Market, by Product
Bioreactors & FermentersMixersBagsBioprocess ContainersFiltration DevicesTubingSampling SystemsConnectors & ClampsProbes & Sensors
Global Single-use Bioprocessing Systems Market, by End-user
PharmaceuticalBiotechnologyCRO & CMOAcademic & Research Institutes
Global Single-use Bioprocessing Systems Market, by Application
Monoclonal Antibody ProductionVaccine ProductionPlant Cell CultivationPatient Specific Cell TherapiesOthers (production of enzymes, growth factors etc.)
Global Single-use Bioprocessing Systems Market, by Geography
North AmericaU.S.CanadaAsia PacificChinaJapanAustralia & New ZealandRest of APACEuropeU.K.GermanyFranceItalyRest of EuropeLatin AmericaBrazilMexicoRest of Latin AmericaMiddle East & AfricaUAESouth AfricaRest of Middle East & Africa
Download the full report: https://www.reportbuyer.com/product/4344779/
Reader insists that the question must be asked
Dear Sirs,
In regard to the mysterious “agro Centre” which has appeared somewhere in the Arabian desert seemingly built and constructed by the New Zealand taxpayer you, the Taxpayers Union, and other questioners have all been asking the wrong question.
The question that you should be asking is this: Is this agri hub the pivot of a counter trade deal between New Zealand and the Saudis?If it is the central component of a counter trade deal then the New Zealand government deserves credit for its imagination in implanting itself into a valuable trade opportunity.
If it is not, and as no direct payment from the Saudi royalty involved appears to be expected, then, you and Mr Williams of the Taxpayers, are correct in assuming that it is all a magnificent bungle.
One contributing reason is that in the Middle East now the demand for live sheep is lessening and the reason is the problem throughout the region in keeping them alive with fresh water.
The reason I am inclined to think, and indeed, hope, that this is a counter trade, perhaps still to be realised at the Saudi end, is that it makes such sense. We could well be looking, for example, at a third country involvement somewhere in say South America or Africa.
In such an instance it would make sense for the Saudi acquirers to send oil to a third party in one of these countries which in turn would send a commodity such as fertiliser to New Zealand in conclusion of the payment cycle.
Such a contingency should now be investigated. Sufficient time has elapsed for such a counter deal to have been rotated. It’s existence or not should now be determined.
Yours trulyHenry KoenigSingapore
| WOOD DALE, Illinois, November 17, 2016 | – AAR (NYSE: AIR), a global leader in the aviation aftermarket, has entered into a long-term contract with Air New Zealand to provide nose-to-tail, cost-per-flight-hour rotable inventory support covering 740 parts and 15 of the airline’s B777 aircraft. Under reciprocal terms of the agreement, Air New Zealand will become AAR’s exclusive component repair provider for selected parts in the Asia-Pacific region and preferred supplier for selected parts worldwide.
This significant contract establishes a component inventory and repair partnership for AAR in the growing Asia-Pacific region with an AAA-rated carrier. It also marks AAR’s first PBH agreement solely focused on the B777 aircraft, the flagship carrier and international workhorse connecting New Zealand to the rest of the world.
“This partnership complements AAR’s in-house component repair facilities in the U.S. and Europe and extends our reach in the fast-growing Australasia region,” said Deepak Sharma, President, AAR International Supply Chain. “We’re proud to team up with an industry-leading long-distance carrier like Air New Zealand to help them create efficiencies with an integrated supply chain solution for their B777 fleet. This is the beginning of a win-winpartnership that we hope will extend to other projects in the region and beyond.”
Air New Zealand Chief Operations Officer Bruce Parton says the deal follows extensive market evaluation and is significant for the airline’s Components business. “We are looking forward to working with a fast-growing partner in AAR that will help to drive a high volume of work and further the commercial success of Air New Zealand’s components business.”
The Petroleum Exploration and Production Association of New Zealand (PEPANZ) says a report released this week by the International Energy Agency (IEA) shows oil and gas will continue to be the cornerstone of the world’s energy supply, with demand for both forecast to increase over the next 25 years.
PEPANZ Chief Executive Cameron Madgwick says the IEA’s World Energy Outlook 2016 forecasts consumption of natural gas to grow by 50 percent by 2040, with oil demand growing at a slower rate, but still reaching 103 million barrels per day by 2040.
“Together oil and gas will make up over half of the world’s energy consumption in 2040,” says Mr Madgwick.
“While renewable energy will see the fastest growth over the next 25 years, energy demand around the world will also increase by around a third over the same period, meaning we will need to increase the use of all energy sources to meet our needs.
“While the number of electric cars will continue to grow, demand for oil will be driven in the growth of the freight, aviation and petrochemical sectors, where alternatives are scarce.
“The IEA also suggests that an oil shortfall could begin to emerge in the early 2020s because of the current low levels of global exploration resulting from the low oil prices experienced over the last two years. This will inevitably lead to a marked increase in the price of oil.”
Mr Madgwick says New Zealand could be well positioned to help meet the world’s future energy demands while growing our economy
“New Zealand is underexplored by world standards, and we are currently only producing from one of our sedimentary basins – Taranaki,” says Mr Madgwick.
“While we need to be cautious, international interest in New Zealand’s oil and gas potential is strong and exploration activities are occurring in a number of locations around the country.
“A significant find could result in billion dollars of both new investment and export earnings, as well as significant increase in royalties paid to the government, helping fund essential infrastructure and social services, while also increasing the size of our economy and our living standards.
Palace of the Alhambra, Spain
By: Charles Nathaniel Worsley (1862-1923)
From the collection of Sir Heaton Rhodes
Oil on canvas - 118cm x 162cm
Valued $12,000 - $18,000
Offers invited over $9,000
Contact: Henry Newrick – (+64 ) 27 471 2242
Mount Egmont with Lake
By: John Philemon Backhouse (1845-1908)
Oil on Sea Shell - 13cm x 14cm
Valued $2,000-$3,000
Offers invited over $1,500
Contact: Henry Newrick – (+64 ) 27 471 2242