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G20 growth commitments expected to benefit NZ economy

New Zealand expects to benefit from commitments secured at the G20 Leaders’ Summit, from the world’s 20 biggest economies, to lift economic growth by an extra 2.1 percent by 2018.  In a communique released at the end of the weekend summit in Brisbane, the G20 group, made up of countries which represent 85 percent of global economic activity and 75 …

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Global push to act on tax avoidance has broad support, English says

 There is broad global support for moves to curb international tax avoidance, New Zealand Finance Minister Bill English said on the sidelines of the G20 Leaders’ Summit in Brisbane.  Cracking down on tax avoidance is one of the key agenda items at this weekend’s G20 Summit, where New Zealand is an invited guest. The G20 countries make up 85 percent of global economic activity …

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NZ Reaction to end of marathon negotiation on Korean FTA – first the positive news

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 …

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NZ inflation likely to pick up as labour market pressures emerge, English says

New Zealand inflation, which unexpectedly fell to the bottom of the Reserve Bank’s target band in the third quarter, is likely to pick up again as pressures emerge in the labour market, Finance Minister Bill English said.  Economists have pushed out their expectations for New Zealand interest rate hikes after a report last month showed consumer prices rose at an annual rate of …

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Tim Groser on the NZ-Korean trade negotiations

Trade Minister Tim Groser  welcomed the announcement on the successful conclusion of negotiations with the Republic of Korea on a Free Trade Agreement. “Korea is one of New Zealand’s biggest and most important trading partners,” says  Groser.  “The FTA will deliver real economic benefits for both our countries. It will create more opportunities for our business and will deliver cheaper products …

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