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Corona Virus Update – from Cross Government Agency meeting Thursday 20 February.

Trade policy is, in most parts of the region, being pushed aside by the Covid-19 disease.  This is beginning to have a real impact on China’s imports and exports, and those of economies dependent on trade with China. Some of these are also beginning to be affected by Covid-19 infections.   For New Zealand, the most immediate and direct impacts have been on tourism, international education, logs, and live seafood.  But other industries are beginning to feel some pain.  Some of this is because the hospitality trade in China has pretty much shut down.  Factories are far from back to normal.  And ports and the freight industry in China are far from back to normal operations.  A number of shipping services to and from China have been cancelled.  And accessing empty containers might soon become a serious problem.  We are monitoring the situation closely.  We recommend that exporters check the NZTE advice here which is updated daily.

9 Indonesia International Expos and Events participated by over 150 countries

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On the 10th of December New Zealand Food Safety, a division of MPI, launched its strategy and action plan to maintain and grow the country's reputation as a provider of trusted and safe food.

Stuart Ainslie, the Chief Executive of Hawke’s Bay Airport, has been elected Chair of ExportNZ Hawke’s Bay.

The global situation continues to deteriorate. The next tranche of Trump’s China tariffs kick in on 1 September. China has retaliated by imposing its own tariffs and by essentially banning US agricultural imports. Distortions in global markets that have resulted from this trade dispute are becoming increasingly apparent. An essentially political dispute between Japan and Korea is escalating and increasingly flowing over into then trade arena. The US has withdrawn GSP privileges for India. Chances of a hard Brexit are increasing every day. And then there is trade tension between the EU and US. This will be a central feature of the G7 summit next week in France. There are no positive signs from the US that it might reverse course on the appointment of new Appellate judges to the WTO dispute settlement body.

Paris, 19th November, 2019 – Today Business at OECD published a joint business position “Joint Business position on the modernization of the OECD arrangement” calling for the modernization of the arrangement on officially supported export credits (the arrangement).