Story image

NZ agrees on negotiating mandate to upgrade China FTA, worth thousands of Kiwi jobs

08 Sep 17

Our free trade agreement (FTA) with China is keeping Kiwis in jobs and has helped New Zealand companies stay in business during the global financial crisis.

That’s the latest from Trade Minister Todd McClay who announced yesterday that the Government has agreed a negotiating mandate to upgrade the China Free Trade Agreement, a move McClay says will deliver thousands of jobs and be worth millions to our economy.

“We currently have $24 billion of two-way trade with this large economy and impressive growth in education, tourism and goods exports.”

McClay says updating the FTA will increase trade and deliver more jobs to every region and city in New Zealand.

“Trade means jobs - we know 8500 jobs are created in New Zealand from every billion dollars of exports,” adds McClay.

The updated FTA will cut a better deal for dairy, forestry and wood processing exporters, and it will also bring about new rules enhancing online and digital trade, and better measure to deal with non-tariff barriers, explains McClay.

"We want to free up access and continue to level the playing field for Kiwi exporters. We have set a joint target of $30b of two-way trade with China by 2020.”

“The upgrade will make it easier for us to hit this significant target. We are committed to delivering for New Zealanders.”

This initiative follows a consultation process led by Ministry for Foreign Affairs and Trade (MFAT), and the Ministry continues to welcome feedback on these changes to the China FTA via its website.   

Gartner names newcomer Exabeam a leader in SIEM
The vendor landscape for SIEM is evolving, with recent entrants bringing technologies optimised for analytics use cases.
52mil users affected by Google+’s second data breach
Google+ APIs will be shut down within the next 90 days, and the consumer platform will be disabled in April 2019 instead of August 2019 as originally planned.
Genesys PureCloud generates triple-digit revenue growth year on year
In Australia and New Zealand, the company boosted PureCloud revenue by nearly 100%.
Symantec releases neural network-integrated USB scanning station
Symantec Industrial Control System Protection Neural helps defend against USB-borne cyber attacks on operational technology.
IDC: Standalone VR headset shipments grow 428.6% in 3Q18
The VR headset market returned to growth in 3Q18 after four consecutive quarters of decline and now makes up 97% of the combined market.
Open source will be the next big thing for the channel
Channel firms should be on the lookout for opportunities across open source and more diverse software offerings like software-defined containers and storage.
Gartner names LogRhythm leader in SIEM solutions
Security teams increasingly need end-to-end SIEM solutions with native options for host- and network-level monitoring.
NBN Co rolls out 'optimised' wholesale business bundles for ISPs
“We recognise some businesses are on nbn powered plans that have not been optimised for their needs," says Paul Tyler.