Tag Archives: Vladivostok

Asia-Pacific business organisations urge TPP completion

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As the Asia-Pacific Economic Co-operation (APEC) Economic Leaders Meeting opens in Vladivostok, Russia, today business organisations from around the APEC region have once again joined together to urge participants in the Trans-Pacific Partnership (TPP) to complete negotiations as soon as possible in 2013 and to hold to the ambitious aims set for the final agreement.

According to a joint statement, the Asia-Pacific business organisations from New Zealand, Chile, Canada, Peru, Singapore and the US, urge the negotiators to maintain the momentum in the negotiations to achieve the vision of TPP. “While substance will need to drive the negotiating agenda, we urge that all steps be taken to bring the negotiations to a conclusion in early 2013.”

Asia-Pacific business organisations have reaffirmed their view that a successful TPP will be comprehensive, high quality, ambitious “with the elimination of tariffs and non-tariff barriers on trade in goods and services and investment no later than 2020″, innovative, enforceable and a living agreement.

Amongst business leaders at APEC Vladivostok are Erica Crawford of Kim Crawford Wines, Malcolm Bailey of Fonterra and Ian McCrae, Orion Health. Members of the APEC Business Advisory Council also attending the talks are Tony Nowell of Valadenz, Wayne Boyd (Vulcan Steel Ltd), Maxine Simmons (NZBio) and Stephen Jacobi of the NZ-US Business Council who is an alternate member.

“TPP provides a potential pathway for making progress towards the Free Trade Area of the Asia-Pacific,” says Jacobi. “TPP is a complex undertaking but the potential gains to growth and jobs are simply too big to be left on the table.”

 

Trading with Russia

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Exporters trading with Russia will be focusing on Vladivostok as trade talks take place there next week.

A delegation of business people is participating in the Asia-Pacific Economic Co-operation (APEC) Chief Executive Summit and related meetings in Vladivostock, Russia, during the week of 3 September, according to the NZ International Business Forum (NZIBF).

“The Vladivostock meeting takes place as Russia takes up its long-awaited and welcome entry into the World Trade Organisation (WTO) and as further progress is made to build the foundations for future growth in the Asia-Pacific region,” says NZIBF executive director Stephen Jacobi.

“New Zealand has a major stake in the future economic success of the Economic APEC region which takes over 70 percent of our exports. Negotiations now underway amongst eleven APEC economies to complete the Trans-Pacific Partnership (TPP) are aimed at eliminating trade barriers, reducing the cost and complexity of doing business and providing a pathway to a future Free Trade Area of the Asia Pacific (FTAAP). New Zealand is also negotiating a free trade agreement with the Customs Union of Russia, Belarus and Kazakhstan.”

Russia’s 2012 chairmanship in APEC is promoting the domestic economy’s organic integration into the system of economic ties in the Asia Pacific Region (APR) in the interests of modernisation- and innovation-driven economic development, primarily in Siberia and the Russian Far East.

The fourth and final meeting this year of the APEC Business Advisory Council (ABAC) will take place in Vladivostock 3-6 September. ABAC members will present their views and recommendations directly to APEC Economic Leaders, including Prime Minister John Key, on 8 September. They will be joined at the APEC CEO Summit 7-8 September by several New Zealand chief executives.

This year’s Summit – under the theme Addressing Challenges. Expanding Possibilities. – will explore how business can contribute to future prosperity in the region through trade liberalisation, safe food and water supply, infrastructure development, the fostering of innovation and new transportation routes.

In the year ending December 2011, Russia was 14th on the list of New Zealand’s top trading partners. The country imported $44 million (fob) worth of New Zealand sheepmeat and about $11 million worth of frozen New Zealand beef.