NZ exporters welcome CPTPP as a counter to threat of trade war sparked by US tariffs

Thu, 08 Mar 2018

By Rebecca Howard March 9 (BusinessDesk) - Industry groups representing a wide swathe of New Zealand's exports have welcomed the signing of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership as a counter to US moves to protect its industries with import tariffs. The 11 countries' combined economies make up 13.5 percent of world gross domestic product – worth US$10 trillion. The US withdrew from the earlier incarnation of the agreement shortly after US President Donald Trump was elected. Fears of a global trade war w...

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