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Japan/NZ Business Forum To Meet In Tokyo In May

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Fuseworks Media
Japan/NZ Business Forum To Meet In Tokyo In May

Wellington, Oct 11 NZPA - Senior government and business leaders from Japan and New Zealand will gather at the third Japan New Zealand Partnership Forum in Tokyo on May 11-12.

NZ International Business Forum director Stephen Jacobi said previous forum events in 2008 and 2009 had been successful in developing new momentum in the relationship between the two countries and that the current challenging economic times demanded something more than incremental progress.

Mr Jacobi said a new generation of trade agreements was in the making and there was potential to use the Trans Pacific Partnership (TPP) negotiations now underway as a means of providing a template for building sustainable economic growth in the Asia Pacific region.

"In the absence of an over-arching framework for regional economic integration we have instead a noodle bowl of proliferating and sometimes conflicting FTAs (free trade agreements) in the region. TPP presents an effective way of untangling those noodles".

While Japan was not yet a party to the TPP, the Japanese Government was following negotiations, and recent comments from newly appointed Japanese ministers suggested the strategic merits of joining the TPP while it was still under negotiation was generating significant consideration in Tokyo.

"TPP could provide the appropriate context in which Japan and New Zealand could realise their own ambitions for an expanded partnership in trade and investment," he said.

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