"TPP will form the basis of an integrated regional trading bloc linking Asia, Australasia and the Americas, and cement the US role in the region," said Trade Minister, Hon Tim Groser to the Japan-NZ Partnership Forum in Tokyo on 11 July.
Minister Groser and Japan’s State Secretary for Foreign Affairs, H E Yutaka Banno, both gave keynote speeches and reaffirmed their commitment to developing the strongest possible bilateral relationship. See his full speech in on the Beehive website:
Mr Groser said the events of 11 March and the challenges of reconstruction within a changing regional and global market present a momentous challenge for Japan. Decisions around how to engage with the TPP process are part of this challenge. New Zealand was hugely encouraged by PM Kan’s statement made in Yokohama 2010 about possible engagement in the TPP – it was the most important statement by Japan on trade in 25 years.
The Forum brought together over 100 government, business and community leaders from both countries and was organised by the NZ International Business Forum (NZIBF) and partners in Japan and New Zealand. Hon Philip Burdon, the Chairman of the Asia New Zealand Foundation, co-chaired the event alongside Yoshihiko Miyauchi, Chairman and CEO of Orix Corporation.
Under the theme “Overcoming Adversity, Building the future,” discussion at the Forum focused on how both countries could work together to accelerate disaster recovery and renew shattered communities.
Mr Burdon said support was expressed at the Forum for Japan’s future participation in TPP.
“Japan’s involvement would build critical mass towards a broader free trade area in the region and provide a means to stimulate the competitiveness of the Japanese economy. TPP could also deliver a freer climate for trade and investment between Japan and New Zealand. This would enable new momentum to be established in the bilateral economic relationship, ensuring that market share in both countries is not lost to other FTA partners, and opening-up the potential to work together in third markets”.