John Key will make a bold pitch for a free-trade agreement between Japan and New Zealand when he meets Japan's Prime Minister Yukio Hatoyama late tonight in Tokyo.
Malaysia and New Zealand signed a free trade deal on Monday after four years of negotiations, in an agreement Malaysia hopes will see it become a gateway to investment in Southeast Asia.
East Asian nations (ASEAN+3: China, Japan, Korea) are to carry out a feasibility study for a huge free trade zone, officials said at a summit Saturday. A separate study for a wider economic partnership also covering India, Australia and New Zealand (ASEAN+6) would be carried out in tandem.
Officials from both countries had been looking at the issue but until now it had not been a serious prospect because of India's heavy protection of its agricultural sector.
New Zealand is closing in on an historic free-trade agreement with Hong Kong which could be precedent-setting, says the Ministry of Foreign Affairs and Trade.
New Zealand Prime Minister John Key will be asked this weekend to sign up to an ambitious bid to create what could become the largest multi-national free trade agreement in the world.
Indonesia is upbeat on its growing trade with China, South Korea, India, Australia and New Zealand following plans to set up Free Trade Area (FTA) pacts with those countries under the Association of Southeast Asia Nations (Asean) agreement and by bilateral agreements, a senior official at the Indonesian Trade Ministry said here on Monday.