Free Trade deal with US closer

Great news – the United States is going to join New Zealand, Singapore, China and Brunei in multi lateral free trade negotiations as part of the Comprehensive Trans-Pacific Strategic Economic Partnership Agreement.

The agreement, commonly known as the “P4”, was signed between Singapore, Chile and New Zealand in 2005. Brunei joined it a year later.

It aims to tear down trade barriers among participants within a decade.

World wide free trade is best, but until we get there, free trade deals with inidividual countries or groups is a lot better than trade restrictions and Phil Goff deserves our gratitude for achieving this progress with the USA.

If this free trade deal goes ahead it will be especially good news for sheep and beef exporters who currently disadvantaged by taxes put in place to protect U.S. meat producers in their local markets.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s

%d bloggers like this: