FOREIGN AFFAIRS REPORT: HOW NEW ZEALAND, USA & ASIAN LEADERS CAN WIN IN TRADE RELATIONSHIPS ? ESA & TPP REPORT November 2012:
East Asia Summit, USA-NZ TPP negotiations status report: The USA genuinely sees merit in getting a deal done. The USA sees New Zealand as a country that promotes free trade. New Zealand?can be?a useful sounding board for the USA on shaping trade deals in Asia in suring up comprehensive trade?deals.
The US and NZ have an emerging relationship regarding possibilities of trade in Asia-Pacific that is improving.
TPP nuts and bolts ? US-NZ: One suggestion to make an agreeable trade deal by 2013, was to have a watered down TPP.
An Ideal TPP is sought that all nations can buy into.
Yet if all nations can?t buy into it, a second version is being floated.
The second was that other countries can join. If a real deal is to eventuate in 2013, widening up membership should wait. Signing the deal, then expanding on it later, could make a TPP eventuate in 2013.
New Zealand?s delegates experience at the EAS talks:?For New Zealand in EAS talks, NZ got most of what was sought going into the deal talks.?The USA agreed that a deal by 2013 should happen.?It doesn?t necessarily mean NZ will get a deal, yet it looks promising.?Nations that are not in the TPP negotiation feel sceptical. Yet the USA is optimistic.
The USA?s current status is?very low interest rates,?an over-printing money economy as a stimulus incentive. Big fiscal deficits are also on USA?s table to reign in. The TPP can help stimulate the economy, especially if Americans are offered jobs in NZ (for example) to supply the USA?s needs back in the USA.
Like all trade deals, they could feel, yet the USA has nothing to lose giving a trade deal, a trial.?New Zealand delegates found the meeting and talks helpful.
New Zealand?s relationship is also getting stronger.?Delegats report that NZ has growing relationships of trust with the?Sultan of Brunei (an oil rich nation), with Yudhoyono [Indonesia's leader], with?[Yoshihiko] Noda [Japanese Prime Minister ].?Like all relationship building exercises, trust in trade talks take time to strengthen. So far, NZ has a strong feeling moving forward in trade deals with Asian leaders.
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This report for the NZ ESA and TPP Delegats visit for all New Zealanders citizens future investments was provided by Audrey Young of the New Zealand Herald?s office and the office of NZ?s PM John Key.
A good trip away then. :)
~Thanks for the report. Posted by Horiwoodblog, Aotearoa New Zealand, Polynesia Asia-Pacific. 24.11.12~
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