May 16, 2017
New Zealand seafood industry backs TPP ratification
New Zealand’s seafood industry has come out in support of the Trans-Pacific Partnership (TPP) following the announcement that the country’s Cabinet had decided to ratify the trade agreement.
In expressing their support, Seafood New Zealand chief executive Tim Pankhurst said the industry relies on trade, as does wider New Zealand.
“We exported NZ$1.8 billion (US$1.24 billion) of seafood last year and free and open access to markets is critical for the industry”, he said.
He added, “The ratification of TPP by the New Zealand government sends a strong signal that we continue to support the agreement despite the withdrawal of the United States”.
Pankhurst noted that there were still very valuable markets for New Zealand among the remaining TPP countries as he commended Trade Minister Todd McClay and the Cabinet for continuing to support exporters with access to global markets.
The proposed TPP include the US (which has backed out), Australia, Brunei Darussalam, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam.