New Zealand Embassy Tokyo
6 October 2015
Ministers welcome conclusion of TPP talks
Prime Minister John Key has welcomed the successful conclusion of negotiations over the Trans-Pacific Partnership Agreement – New Zealand’s biggest free trade agreement.
“This agreement will give our exporters much better access to a market of more than 800 million customers in 11 countries across Asia and the Pacific, and help Kiwi firms do business overseas,” Mr Key said in a statement released on 6 October. “In particular, TPP represents New Zealand’s first FTA relationship with the largest and third-largest economies in the world – the United States and Japan. Successive New Zealand governments have been working to achieve this for 25 years.”
Trade Minister Time Groser said in a separate statement: “As a result (of the conclusion of negotiations), New Zealand will now have FTAs covering our top five trading partners – Australia, China, the United States, Japan and Korea.”
“We’ve seen from previous FTAs, including the China FTA, how positive they have been for New Zealand trade and investment, and therefore in supporting jobs and growth for New Zealanders,” Minister Groser said.
Economic Development Minister Steven Joyce and Primary Industries Minister Nathan Guy also issued a statement welcoming the Trans-Pacific Partnership as a great deal for regional New Zealand.