Jan 25, 2018 - Minister for Trade and Export Growth David Parker has welcomed the conclusion of negotiations for the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP).
Negotiators finalised the agreement in Tokyo on Tuesday and the 11 nations in the trade pact are due to sign it in Chile on March 8.
Mr Parker says the CPTPP could come into effect later in 2018.
The Government will now recommend the select committee examining the Overseas Investment Amendment Bill – which will put in place restrictions on foreign buyers of existing homes – allow more time for consideration.
The law must be in place before the CPTPP takes effect.
Mr Parker says the CPTPP represents a fairer deal for New Zealanders than the earlier TPP agreement.
It satisfies the five conditions the Labour-led Government set down for a revised TPP.
They included increased market access for exports, upholding the Treaty of Waitangi, protecting the Pharmac model and preserving the right to regulate in the public interest.
It also narrowed the scope to make Investor State Dispute Settlement claims.
“The CPTPP will provide New Zealand exporters with preferential access for the first time into Japan, the world’s third-largest economy and our fifth-largest export market.
“It will also be New Zealand’s first FTA relationship with Canada (our 13th largest export market), Mexico (21st), and Peru (46th),” Mr Parker says.
“The CPTPP is even more important to signatory countries given current threats to the effectiveness of the WTO and rising protectionism in many parts of the world.”
“United States President Donald Trump has just announced a new 30 per cent tariff on imports of solar cells. This is but one example.”
“Before the agreement is ratified, New Zealanders will be given the opportunity to better understand what it means for them, their families and the country. We are committed to ensuring this is done in a fair and accessible way,” Mr Parker says.
The 11 CPTPP countries are New Zealand, Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, Peru, Singapore and Viet Nam.
| A Beehive release |||January 24,2018 |||
Jan 25, 2018 - The Democratic Unionist Party has backed a crossing between Northern Ireland and Scotland, proposed in response to Boris Johnson's suggestion to build a bridge between Britain and France.
A bridge across the Irish Sea was proposed by Scottish architect Alan Dunlop as a direct response to the "Boris Bridge" suggested by the UK's foreign secretary, which would see a 22-mile-long crossing built between Britain and France after Brexit.
Jan 25, 2018 - While bananas are the fourth most important food crop in the world - after rice, corn and wheat - they are not often associated with New Zealand. This nation imports more than $220 million worth of bananas from the Philippines and Ecuador, says Trevor Mills. He reckons if the industry took off in New Zealand, the "import substitution makes good economic sense."
An award-winning, pioneering technique for assessing earthquake damage to steel in buildings or bridges will allow engineers to give faster, more reliable information to engineers, with tangible flow-on results for insurers and building owners.
TODAY'S INDUSTRY INSIGHT:A UC Lecture: Getting to Mars: Building the World’s Most Powerful Rocket
Fiji 1981.
Domestic transfer from Adelaide to Sydney, Sydney to Nadi, six hours of 747, poorly projected movie piped audio headphones. I was six years old. An analog world. Fiji had no television. Unmade roads.
Total old school.
Jan 24, 2018 - The electric vehicle race shows no signs of slowing, with Swedish truck manufacturer, Volvo Trucks, announcing it will start selling electric trucks as early as 2019. According to Volvo Trucks, the first units will be medium-duty vehicles that will be placed into fleets in European urban environments.
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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