New Zealand Trade Minister Parker on CPTPP, U.S.-China Spat, WTO

The video discusses the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP), focusing on its high standards and the process for new countries to join. It highlights the current members and potential new members like the UK and Thailand. The impact of the US-China trade war on global trade is examined, along with New Zealand's position. Challenges within the World Trade Organization (WTO) are addressed, including the need for reforms in the appellate body and transparency rules. Concerns about the WTO dispute process and potential solutions are also discussed.

What is a key requirement for a country to join the CP TPP?

• Agree to lower tariffs

• Increase trade with the US

• Adopt high standards set by the agreement

• Provide subsidies to state-owned enterprises

How many countries have fully ratified the CP TPP agreement?

• Five

• Seven

• Nine

• Eleven

What percentage of the world's GDP does the CP TPP represent?

• 10%

• 13.5%

• 20%

• 25%

What is New Zealand's stance on the US-China trade war?

• They support China

• They support the US

• They maintain good relations with both

• They are neutral

What is one of the main concerns about the WTO's appellate body?

• It is too powerful

• It lacks transparency

• It is not enforcing rules

• It is too slow

What needs to be updated in the WTO according to the discussion?

• Labor laws

• Electronic commerce rules

• Agricultural subsidies

• Tariff rules

Which country is working with the US and Europe to find solutions for WTO issues?

• Australia

• India

• Japan

• Brazil