New Zealand Trade Minister: The Economic Benefits Brought By RCEP May Dwarf TPP
New Zealand The Dominion Post reported in June 14th (2016) that New Zealand
Trade
Minister Todd McClay said that the economic benefits brought about by the RCEP in the negotiations are likely to dwarf (would even dwarf).
TPP
。
RCEP will promote the New Zealand economy and help New York players to enter the market of RCEP member countries, including exporters of New Zealand.
tariff
The two sides should be cut down, more consistent fruit products trade rules, improvement of customs procedures, expansion of business opportunities in New Zealand, and a better protection mechanism for investors to promote bilateral investment.
New Zealand has signed FTA with several RCEP countries, and several RCEP members have also completed the TPP negotiations. The existing FTA will remain; RCEP will help New Zealand create an unprecedented new free trade relationship, which may also improve the chances of some existing agreements.
RCEP covers 3 billion people, accounting for 1/3 of Global trade, and GDP totaling 23 trillion dollars (33 trillion yuan).
M issued a press release in June 13th (2016), welcoming 500 representatives from the RCEP Member States to the RCEP negotiations in Oakland, urging the negotiators to open their own national markets and to show more ambitious aspects of the RCEP negotiations.
The canal also urged delegates to use this negotiation to reach a consensus on the specific path to better commitments (offers) so as to achieve clear progress in goods and investments.
M minister also said that RCEP formally launched negotiations in May 2013, hoping to complete the signing by the end of 2016.
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