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Australia and New Zealand Trade Ministers meet for CER talks



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THE HON STEVEN CIOBO MP

Minister for Trade, Tourism and Investment

HON DAVID PARKER

Minister for Trade and Export Growth

JOINT MEDIA RELEASE

AUSTRALIA AND NEW ZEALAND TRADE MINISTERS MEET FOR CER TALKS

Auckland, 3 August 2018

Australian Minister for Trade, Tourism and Investment, the Hon Steven Ciobo MP and

New Zealand Minister for Trade and Export Growth, Hon David Parker, have met in

Auckland to strengthen trans-Tasman economic links under the Australia-New Zealand

Closer Economic Relations Trade Agreement (CER).

The Ministers noted the strong trade and commercial links and special relationship between

Australia and New Zealand, and underscored the effectiveness of the CER in demonstrating

the advantages of liberalised trade. Two-way trans-Tasman trade totalled A$27.4 billion in

2017, with two-way investment reaching A$148 billion.

The Ministers rejected protectionism and agreed on the importance for both nations to

continue collaborating to improve the work of the World Trade Organization, as well as to

strengthen the rules-based trade architecture in the region, to benefit both Australian and

New Zealand economies.

Mr Ciobo and Mr Parker discussed potential opportunities and issues for Australian and

New Zealand producers in the United Kingdom and Europe following Brexit, as well as on a

number of trade matters of bilateral interest. They discussed progress in bringing the

Comprehensive and Progressive Agreement for Trans-Pacific Partnership (TPP-11) into force

and welcomed other economies showing interest in joining the Agreement in future.

Mr Ciobo and Mr Parker highlighted new opportunities for businesses in the trans-Tasman

Single Economic Market and referred to economic initiatives announced by the Australian

and New Zealand Prime Ministers during their leaders’ meeting in Sydney in March. This

work will further enhance trans-Tasman integration, including for small and medium-sized

enterprises (SMEs).

Ministers accordingly announced terms of reference for joint work on “Growing the Digital

Economy and Maximising Opportunities for SMEs”. This work will identify areas offering

the greatest potential benefits to both economies to provide new opportunities and boost

productivity. Commencing September 2018 for completion early next year, the study will be

undertaken jointly by the Australian and New Zealand Productivity Commissions.

MEDIA CONTACT Ben Dillaway: 0409 598 102; Vernon Small: 021 849 517 (NZ contact)