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Government to sign ‘groundbreaking’ Indo-Pacific agreements

Trade agreements news
Singapore.

Trade Minister Todd McClay and Climate Change Minister Simon Watts travel to Singapore on Monday to sign three Indo Pacific Economic Framework (IPEF) agreements.

IPEF’s 14 partners represent 40 per cent of global GDP and account for 50 per cent of New Zealand’s exports. They include critical markets for Kiwi exporters in Australia, Bruni Darussalam, Fiji, India, Indonesia, Japan, South Korea, Malaysia, The Philippines, Singapore, Thailand, The United States, and Vietnam.

McClay will participate in the full IPEF Ministerial meeting which includes discussions on a Indo-Pacific wide trade agreement. He will participate in the formal signing of the overarching IPEF Agreement and the Fair Economy Agreement.

These agreements focus on anti-corruption efforts and labour standards across the region along with increased international tax cooperation to shape a secure and transparent investment climate in the Indo-Pacific region.

“The third IPEF pillar focuses on increasing trade efficiency. The negotiation of this pillar presents further opportunities for New Zealand to work with partners to reduce Non-Tariff Barriers (NTBs) and drive greater certainty for exporters.

Working with IPEF countries to increase investment flows and trade will help New Zealand meet the aspirational target of doubling exports by value in 10 years,” said McClay.

While at IPEF Minister McClay will also hold bilateral meetings with Ministers from Australia, Canada, Fiji, India, Indonesia, Japan, Singapore, and The United States.

Ministers lead trade and investment forum

Minister Watts will participate in a Clean Economies Investors forum including a signing ceremony for the Clean Economy Agreement to increases cooperation on climate goals by mobilising investment in technologies and solutions for energy, industry and transport.

He will be joined by a select group of New Zealand clean tech companies that have been invited to pitch to the region’s top investors at the inaugural Clean Economy Investor Forum.

“The IPEF agreements and the investor forum reflect a growing consensus that technology, trade, and investment flows need to feature explicitly in a concerted regional response to climate change,” said Watts.

“Workstreams on hydrogen and sustainable aviation fuel are among those already operating under the Clean Economy Agreement that have a lot to offer New Zealand”.

Image credit: Mike Enerio

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2 COMMENTS

  1. The IPEF agreements and the investor forum may reflect a growing consensus among THEM that technology, trade, investment flows and THEIR profit need to feature explicitly in a concerted regional response to climate change.
    But they do NOT reflect what a growing number of citizens think. “Climate change” is the biggest Con, having been pushed by THEM beginning in the 80s, turning us taxpayers into serfs. Even the dumbest politician can fathom that:
    https://www.youtube.com/watch?v=WE0zHZPQJzA
    And no propaganda and weather extremes sensationalised by THEM, like conflating weather with climate change, will pull the wool over the sheeple.
    I do NOT agree.
    I do NOT consent!

  2. You just know anything the political buffoon’s are involved in will never benefit this nation. Pushing the likes of the WHO and the climate con…..all about lining the pockets of big international business and the USA…..f*** the average Kiwi, we are just tax scum and vote fodder…….

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