Sharechat Logo

Trans-Tasman business summit sees PMs commit to SME exports initiative

Friday 2nd March 2018

Text too small?

Trans-Tasman travel bureaucracy, e-commerce frameworks, regulatory costs and other barriers to small and medium-sized businesses trading with one another are to be the subject of a joint investigation by the Australian and New Zealand governments.

Prime Minister Jacinda Ardern and her Australian counterpart Malcolm Turnbull announced the initiative at the annual Australia-New Zealand Leadership Forum luncheon hosted by the Trans-Tasman Business Circle in Sydney, attended by some 900 businesspeople from both sides of the Tasman, including eight New Zealand Cabinet members.

Forum co-chair Adrian Littlewood said the event may have been "the biggest luncheon in Sydney's recent past".

The announcement came against a backdrop of bilateral talks and a speech by Foreign Minister Winston Peters that focused particularly on growing concerns about the growing contest for influence in the Pacific region, with the rise of China both globally and in the region and the decline of US leadership in global affairs.

Peters announced in a speech to the Lowy Institute, a Sydney-based think tank, that there would be a "reset" in New Zealand's policy towards the countries of the Pacific Islands.

Ardern said the SME initiative was "the next step in CER and an extension of the potential that exists in the agenda for a Trans-Tasman Single Economic Market (SEM)".

A joint review of policy and regulatory frameworks would seek "to ensure that they are creating an environment in which trans-Tasman digital trade is as open and facilitative as they are for conventional trade.

"We want to see progress sped up in relation to smaller businesses especially in areas like the streamlining of trans-Tasman travel. “Business has been telling us for a while about the benefits of e-invoicing, and removing departure cards, and other barriers to business, such as regulatory costs and some duplicated processes," said Ardern.


  General Finance Advertising    

Comments from our readers

No comments yet

Add your comment:
Your name:
Your email:
Not displayed to the public
Comments to Sharechat go through an approval process. Comments which are defamatory, abusive or in some way deemed inappropriate will not be approved. It is allowable to use some form of non-de-plume for your name, however we recommend real email addresses are used. Comments from free email addresses such as Gmail, Yahoo, Hotmail, etc may not be approved.

Related News:

Heartland's 1H profit dampened by restructuring, accounting changes
Hallenstein seeks new CEO; shares fall
Tower affirms earnings guidance, notes increased digital upgrade cost
NZME targets positive earnings from paywall in 2 years; profit falls
Precinct raising $150M from an underwritten placement and retail offer
NZ dollar dips from 13-day high as US holiday keeps markets quiet
February 19th Morning Report
NZ dollar rises on optimism for China-US trade deal
Steel & Tube recovery to include $5.6M of 2nd-half cost savings
Open Country challenges validity of Fonterra's 2018 milk price

IRG See IRG research reports