ISDS Case Map
New Zealand
Talks on the ASEAN-Australia-New Zealand Free Trade Agreement (FTA) will be concluded next month, said Singapore President SR Nathan at a state banquet at the New Zealand Government House in Wellington on Monday.
While media coverage of the China-NZ Free Trade Agreement has focused almost entirely on the possible dollar gains, scant attention has been paid to the equally valid exposure of New Zealand to compensation claims -- should any NZ government be so bold in future as to pass laws or regulations that a foreign investor feels will impact on profitability.
New Zealand Trade Minister Phil Goff said on Wednesday that free trade talks with the Association of Southeast Asian Nations (ASEAN) may be finished by June.
Prime Minister Helen Clark said Monday she will hold exploratory free trade talks in Japan and South Korea next month -- only weeks after securing a comprehensive free trade agreement with China.
On April 7, China and New Zealand signed a free trade agreement (FTA) covering trade in goods and services as well as investment, making it the first FTA reached by China with a developed country.
The Government was stung by suggestions yesterday that its much vaunted free trade agreement with China was linked to the loss of 430 jobs in Fisher and Paykel's Mosgiel dishdrawer plant and hit back at the company.
China will now be seeking to extrapolate figures upwards in every other developed country FTA -- starting with Australia -- into very significant numbers, based on what we, with our tiny population, were willing to concede.
New Zealand apparel company Norsewear is one of the first to benefit from the recently signed free trade agreement with China -- securing an order worth close to a million dollars in less than 48 hours after the historic deal was signed.
A free trade deal with the United States remains elusive in the wake of New Zealand's deal with China.
