ISDS Case Map
CPTPP
Comprehensive and Progressive Agreement for Trans-Pacific Partnership
The New Zealand defence industry is renewing calls for a free trade agreement with the United States, which would allow New Zealand companies to compete for a slice of US military contracts.
As New Zealanders have learned from the China FTA, we would be foolish to listen uncritically to the promises already being made for a trade deal with the US. The US drives a hard bargain.
Canberra sees the transpacific partnership as a potential stepping stone to a broader regional agreement, and as a means of ensuring Australia is not damaged by the growing number of free trade agreements throughout the Asia Pacific.
Concerns are being raised by the Green Party as to how a free trade agreement with the United States might affect domestic drug-funding agency Pharmac.
The US has reinvigorated its trade policy with the announcement it will enter into comprehensive Free Trade Agreement (FTA) negotiations to become a full partner to the Trans-Pacific Partnership (P4).
The United States' dairy industry is more open to a free trade deal with New Zealand than in the past, US trade representative Susan Schwab says.
The proposed expansion of the Trans-Pacific Strategic Economic Partnership (NZ, Chile, Brunei, and Singapore, commonly known as the P4 Agreement) to include investment and financial services, and to add the US to its membership, was bad enough. But for this to suddenly morph into a fullblown Free Trade Agreement with the US is catastrophic for any remaining economic sovereignty that New Zealand has.
Australia, Peru and Vietnam have expressed interest in joining a budding Asia-Pacific tariff-busting plan which received a boost on Monday with the participation of the United States, officials said.
The US National Milk Producers Federation said today it would seek the full exclusion of New Zealand's dairy products under the newly-announced Transpacific free trade agreement. This stance is because of the New Zealand dairy industry's unique structure and excessive manipulation of dairy markets globally and in the US.
The New Zealand National Party's trade spokesman Tim Groser believes the dairy sector is likely to emerge as the big winner from the United States' decision to negotiate a free trade pact with New Zealand and three other countries because the deal could break down strict tariff barriers for dairy products entering the US. He also predicts Australia will want to get involved in the deal.
