New Zealand Trade Minister Jim Sutton yesterday welcomed a push by a group of United States politicians for a free trade agreement (FTA) between the two countries.
As tipped by Korea's Yonhap News two weeks ago, the top group representing US manufacturers, the National Association of Manufacturers (NAM), has called for a free trade agreement with New Zealand.
The Prime Minister says New Zealand is well down the track in negotiations with Chile and Singapore on a three-way free trade and investment agreement.
The New Zealand, Chile and Singapore governments are promoting a P-3
whose primary - and arguably only - beneficiaries are the transnational companies that
straddle two of the three countries, including opportunists who locate there to take advantage
of the deal. The greatest potential beneficiaries are the agribusiness interests of Fonterra and
Nestle as they promote their shared strategy to dominate Latin America's dairy industry.
ARENA today stepped up its campaign against the proposed Chile/New Zealand free trade agreement, which forms part of the Pacific 3 (P-3) with Singapore, by launching a sign-on letter to the Prime Minister calling on her to end the negotiations.
While terrorism and security are, for good reason, high in people's minds right now, global trade developments are critically important for New Zealand over the next two to three years.