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Penny Macdonald Many trade negotiators in Indonesia for the famous pre-Bogor APEC meetings were excited about the emerging vision of free trade.  It was hard to believe that everyone was poised to sign on to such an ambitious goal.  In a bar in Jakarta, having somewhat patronisingly congratulated one Senior Official on (finally) joining the consensus, I can still hear …

By Jo Doolan Higher taxes pave the path to the magical 2014/15 surplus – and as a reward taxpayers receive ACC premium reductions and tax measures that are largely tinkering around the edges. Yes ACC premium reductions put over $1.3 billion back into the economy over the next two years, on the other side of the ledger personal and corporate …

Bill English has been too conservative in reigning in government expenditure.  If he were confronting a bleaker fiscal picture, like the Australian government, I predict he would have done better. Total government spending in New Zealand is down by $1.4 billion on last year. In Australia total taxes to GDP is 22 percent compared with central government taxation of 32 …

Last week, the WTO had a chance to haul itself out of the dreary post-Doha doldrums in which it has been languishing for years. Back in the day, with Uruguay Round exuberance echoing around the world, business coalitions and free trade activists would meet to discuss tactics and opportunities to grow the global economy. Now they shake themselves out of …

By Ernest Z. Bower Smoke signals from this week’s Geneva cloister to determine the new leader of the World Trade Organization  revealed results much less surprising than the choice of Pope Francis.  The two Latin Americans, Roberto Azevedo of Brazil and Herminio Blanco of Mexico, are the finalists. What is interesting is what this says about Asia’s support for global trade.  Three …

Apple Sales New Zealand, the local unit of the iPad and iPod maker, posted a 38 percent jump in full-year sales to $571 million, though the tax department received a payment amounting to just 0.4 percent of that. Apple’s New Zealand sales topped the half billion dollar mark in 2012 after rising to $414 million in 2011, according to its …

By Kirsten Paterson The volume of dairy products offered in the latest GlobalDairyTrade auction fell to the lowest level in almost two years as drought in the North Island curbed milk production. Fonterra Cooperative Group indicated to the market in late January that the volume of product being placed on the GDT was likely to decline over the coming months …

Auckland International Airport and Warehouse Group are backing a scheme to deepen the pool of directors in New Zealand and up skill a new generation of business people. Under the Future Directors scheme, which is to be administered by the NZ Institute of Directors, young professionals will be placed on the boards of public companies for 12 months. While they …

ANZ reports the  GDT-TWI index rose a massive 14.8 per cent overnight as there was a scramble to secure reduced New Zealand ’s supply before the end of the season. Wholemilk powder prices hit its highest level ever, rising 21.2 per cent to US$5,116 per tonne. This will certainly increase the pressure for a further increase in the 2012-13 milk …