APEC MEDIA RESOURCE CENTRE

Interview with New Zealand's Hon. Paul Goldsmith, Minister of Commerce and Consumer Affairs

09 Sep 2015

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Interview with New Zealand’s Hon. Paul Goldsmith, Minister of Commerce and Consumer Affairs

Paul Goldsmith, New Zealand’s Minister of Commerce and Consumer Affairs, on the value of engagement with APEC members and priorities for regional collaboration on structural reform.

TRANSCRIPT:

WHY IS STRUCTURAL REFORM IMPORTANT TO NEW ZEALAND?

Always important for New Zealand to participate and actively engage in these APEC meetings. It’s a good opportunity for us to hear what other countries are grappling with around dealing with regulatory reform issues and also for us to remind the rest of the world that we’re here, we exist and we’re keen to trade and engage with lots of different countries.

THE PRIORITIES FOR NEW ZEALAND AT THE 2ND APEC STURCTURAL REFORM MINISTERIAL MEETING IN CEBU

Well New Zealand’s economy is based on exporting around the world and so we are very interested in getting better access to international markets for our goods and also for our services and so we do a lot of trade negotiations. But the regulatory side of the economic world and structural issues can often make it very difficult for New Zealand companies to export and to engage in the service sector and so what this meeting is about is trying to drill down into the detail around some of those non-tariff barriers to trade, regulations which make it difficult for overseas countries to trade effectively and so that’s important for new Zealand in two ways firstly the more we can get liberalization of this area the easier it is for new Zealand companies to export and to give their services whether they’re architecture firms or IT companies to get their products and their services into international markets. But it’s also important for our domestic economy also to have the more we can have competition from international companies in our domestic market, the better it is for our consumers and it keeps our local companies on their toes and working effectively so you know it works both ways and that’s why it’s important to be part of this discussion.

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