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NZ, Australian trade ministers discuss advancing bilateral cooperation
Kind: ICD What's New  Organization: Department of International Cooperation  Publish Date: 2021-09-23 10:32
New Zealand Minister for Trade and Export Growth Damien O’Connor and Australian Minister for Trade, Tourism and Investment Dan Tehan met virtually on Sept. 20 to discuss ways of boosting bilateral cooperation under the Australia-New Zealand Closer Economic Relations Trade Agreement (CER).

The CER is among the most comprehensive trade pacts in the world and underpins the integration of the New Zealand and Australian economies. During their meeting, the two ministers reiterated the importance of the Single Economic Market agenda to support shared prosperity for their respective economies, businesses and communities.

In addition, they highlighted the key role of regional trade agreements in providing an economic architecture that supports an open, inclusive and prosperous Indo-Pacific region, as well as stressed the importance of the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) in setting high standards for trade.

The ministers further committed to upgrading their shared free trade agreement with the Association of Southeast Asian Nations (ASEAN) and emphasized their determination to ensure that the Pacific Agreement on Closer Economic Relations Plus delivers real and practical benefits to the region and supports its recovery from the COVID-19 pandemic.

Sources: Statecraft, Beehive.govt.nz

Update: 2020-04-23
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