The recently signed RCEP trade agreement encourages even closer ties with China, but this puts New Zealand’s long-term interests at risk.
- Associate professor, Te Herenga Waka — Victoria University of Wellington
Talks about creating a trans-Tasman bubble have focused on kick-starting short-term economic activity through tourism. But Australia and NZ could also increase manufacturing and trade integration.
So far, New Zealand exporters have not been affected by the trade war between the US and China, but the Hong Kong crisis could easily embroil any foreign company.
A food heath labelling system Australia and New Zealand introduced five years ago is under review and needs a significant overhaul to make it useful for consumers looking for healthy options.
As the trade spat between China and the US continues, it is likely to spill over to other countries. For Australia and New Zealand, this could bring both risks and opportunities.
The bee product industry is booming and in unregulated markets, there is a strong economic incentive to cheat. Self regulation combined with legal deterrence could help clean up the sticky mess.
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