The release of the text of the Comprehensive and Progressive Trans-Pacific Partnership agreement (CPTPP) and New Zealand’s National Interest Analysis represents important progress for trade leadership in the Asia-Pacific region, says the Meat Industry Association (MIA) and Beef + Lamb New Zealand (B+LNZ).
“This new agreement addresses concerns many New Zealanders had with the Trans-Pacific Partnership and is a deal that is good for trade and good for New Zealand,” says MIA chief executive Tim Ritchie.
‘Over 600,000 New Zealand jobs directly depend on international trade. The red meat sector alone employs over 80,000 people in regional New Zealand – all jobs that depend on our ability to export competitively’, he says.
For B+LNZ chief executive Sam McIvor CPTPP brings some of the largest and most dynamic economies in the Asia-Pacific together around a common goal.
“Once fully implemented, CPTPP will save the red meat industry around $65 million each year in tariffs. This is money that stays in New Zealand, to be cycled through the New Zealand economy,” he says.