Speech by John Adank, NZ

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� This should allow businesses to operate in a competitive, innovative environment with low compliance costs. This is a key objective for TPP. Mexico’s interest in TPP � So that is the TPP story so far, and what I hope it illustrates is how TPP did not just happen overnight but evolved from a range of earlier “building block” initiatives that New Zealand negotiators and other partners have pursued doggedly over the last ten years. � But a discussion of TPP here today would of course not be complete without noting also the interest expressed by Mexico in joining TPP which New Zealand has welcomed. � Mexico – as well as Japan and Canada – have begun the process of engaging with the TPP members. It is not a straightforward process. Any decision on new members will need to be made by Ministerial consensus among the nine members of TPP. Before that, each of the three interested countries needs to complete a process of bilateral consultations with each of the nine current TPP members. � For New Zealand’s part, we have told each of the three that we are keen to ensure that any expansion of membership does not result in a dilution of the high quality objectives expressed by TPP Leaders and Trade Ministers at APEC. Essentially any new member needs to commit to that vision. � This is especially important in reference to comprehensive market access through the elimination of tariffs and other non-tariff barriers to trade in goods and services. We will need to see clear commitment in this respect. � We are also keen to ensure that there is no slow-down in the pace of negotiations. � New Zealand stakeholders have been consulted about expanding the membership of TPP and agree with this. Companies trading with Mexico, Canada and Japan highlighted the advantages to their trade and economic objectives of bringing those partners into the negotiations, provided that there is no dilution of the current ambition as regards scope and timeline for the negotiations. � As regards Mexico specifically, our two countries have both long been committed to seeking ways of promoting greater trade and economic links, and indeed there has been progress over the years in increasing our economic relationship: but there is potential for much more. � Our economies are complementary and, as I’ve pointed out, we’re both partners in the broader Asia-Pacific community. Both governments have in the
Conclusion past carried out studies on the feasibility of a bilateral FTA, but current regional dynamics and particularly the evolution of the TPP point to another route that, sooner or later, will bring our economies closer together and enhance opportunities for both of us. � In conclusion, I have outlined the evolution of a model for economic integration across the Asia Pacific, culminating in the current TPP negotiation. This is an ambitious undertaking – both in terms of content and pace – and will, no doubt, require some hard political and economic challenges as regional integration advances. Mexico remains a key partner in the Asia/Pacific and we are keen to deepen our conversation with Mexico on how we can expand cooperation across our shared neighbourhood.
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Speech by John Adank, NZ

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