Asia Pacific

The China-New Zealand relationship, both trade and cultural, is in good shape irrespective of different views on some issues. That was the message from Prime Minister Jacinda Ardern, Minister of Trade and Export Growth David Parker and Chinese Ambassador Wu Xi to more than 300 delegates attending the 2020 China Business Summit, organised by NZ INC. and Auckland Business Chamber. …

A leading Chinese commentator has suggested the time is right for China, the world’s second largest economy, to join the Trans-Pacific free trade agreement along with New Zealand and 10 other countries. Isolation is not the solution and China should be open towards high-standard trade pacts such as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), Caixin Media founder …

China and Hong Kong will this week reach a major turning point, with the expected signing of the new National Security Law in Beijing. The law is designed to quell the continuing pro-democracy protests in Hong Kong, but marks a departure from the “One Country, Two Systems” arrangement Hong Kong has worked under since 1997, which includes a high degree of …

Rory Horner, University of Manchester The biggest pharmaceutical companies in the world, known as “big pharma”, are American and European. The top five are Pfizer (US), Roche, Novartis (both Swiss), Merck (US) and GlaxoSmithKline (UK). Yet these companies – and the pharmaceutical industry as a whole – rely on global supply chains. And China and India play key roles in …

The announcement came through overnight that trade officials from New Zealand, the United States, Japan, and 9 other Pacific rim nations have agreed after years of negotiations on the largest regional trade deal in history. NZ INC. has compiled the best tweets of the web on the Trans-Pacific Partnership deal, so that you don’t have to.   Beef + Lamb New Zealand …

When the New Zealand – Korea free trade agreement signed in March enters into force, tariffs will be eliminated on 48% of current goods. New Zealand’s exports to Korea current attract $229 million every year in duties. In the first year alone the free trade agreement will save an estimated $65 million in duties, and within 15 years of establishment the …

This year marks the 70th anniversary of the end of World War II, and also the 70th anniversary of Korea’s division into North and South. Last month the World Journalists Conference was held throughout South Korea under the theme ‘the 70th anniversary of the division of Korea: Thinking about unification on the Korean Peninsula’. Na Kyung-won, Chairperson of the Foreign …

Nuplex Industries, the specialty chemicals manufacturer, is exploring more investment opportunities across Asia, having shifted its businesses away from the firm’s traditional markets in Australia and New Zealand.  The Auckland-based company officially opened a US$35 million plant in China’s Changshu, and is already considering expansion plans for the site, where it holds a 50-year lease. The company was caught out …

‘Coverage of the free trade agreement just concluded with South Korea has been all about agriculture – which is being talked up without anyone being able to see the fine print’, according to Professor Jane Kelsey, It appears the legal scrubbing of the text will take several more months. Until then New Zealanders will not get to see what the …

Here’s a quick snapshot of what NZ Business is saying about yesterday’s conclusion of the FTA agreement NEW ZEALAND BUSINESS FORUM  (NZIBF) welcomes end of marathon negotiations –  delighted Trade Minister Groser and his officials have got it over the line. NZIBF Chairman Sir Graeme Harrison noted  Korea is a significant trading partner for New Zealand and a number of …