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Vice President Biden seeks to encourage NZ adherence to perilous trade policies

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Vice President Biden seeks to encourage NZ adherence to perilous trade policies

Increasingly awkward national role as US foreign policy cheerleader

US Vice President Joe Biden’s “touchdown” this week in New Zealand presents New Zealand premier John Key with the problem of having to enthuse over several issues that he knows are actually or potentially damaging to the economy, or are being viewed as unlikely to happen.

They are:-

  • China’s expansion into the South China Sea. This falls on top of the steel dumping issue. Any overt condemnation of China’s territorial incursions into the South China Sea has the possibility of very severely damaging New Zealand’s dairy exports. China’s economy is a command one which means that a centralised dictat would simply be issued on one pretext or another, and the exports would be choked off.
  • Vice President Biden will seek New Zealand’s continuing participation in the US-led embargo on trade with Russia. This is actually at this moment damaging New Zealand exports because it is causing to be backed up all over continental Europe a gigantic surplus of foodstuffs, especially of the dairy variety, which would normally be sent to Russia.
  • Mr Key will be required to enthuse over the Trans Pacific Partnership trade treaty so recently signed off in Auckland.

Mr Key will have to keep his mouth shut on the now distinct possibility of a President Donald Trump who has pledged to cancel all such trade treaties on being elected.

From the MSCNewsWire reporters' desk, Tuesday 19 July 2016

 

 

 

Published in OUT OF THE BEEHIVE
More in this category: « New naval tanker to have enhanced capabilities Australia and New Zealand sign arrangement to streamline trade 19/07/2016 »
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Palace of the Alhambra Spain

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

Henry@HeritageArtNZ.com

 

Mount Egmont with Lake

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

Henry@HeritageArtNZ.com

MSC NewsWire is a gathering place for information on the productive sector in New Zealand focusing on Manufacturing, Productive Engineering and Process Manufacturing

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