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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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New Zealand and South Korea conclude free trade agreement after tough negotiations

New Zealand and South Korea have concluded a free-trade agreement that’s expected to cut into export tariffs in the nation’s sixth-largest export market that currently run to about $230 million a year.  The deal, which was announced on the sidelines of the G20 Leaders’ Summit in Brisbane, will initially eliminate tariffs on 48 percent of current New Zealand exports, with duties largely eliminated …

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MARKET CLOSE:NZ shares fall; Genesis, Merdian drop as investors book gains

New Zealand shares fell, snapping four days of gains, led by Genesis Energy, Meridian Energy and MightyRiverPower as investors looked to crystalise gains in the energy companies. Kiwi Income Property Trust, DNZ Property Fund and Goodman Property Trust gained after posting earnings. The NZX 50 Index fell 2.904 points, or 0.1 percent, to 5487.887. Within the index stocks were mixed as 15 stocks fell, 24 rose …

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