New Zealand Minister: RCEP Gives Exporters Confidence

The video discusses the impact of the pandemic on global trade, highlighting New Zealand's reliance on exports and the importance of trade agreements. It explores New Zealand's trade relationship with China and the potential for growth in Asia. The video also covers global trade agreements like RCEP and TPP, and the potential involvement of the US. It emphasizes the need for New Zealand to move up the value chain and address climate challenges. Finally, it examines the impact of the Kiwi dollar's strength on exports.

What is considered the best way forward for post-COVID recovery according to the transcript?

• Reducing imports

• Open trade

• Increasing domestic production

• Enhancing tourism

Why is New Zealand particularly reliant on trade?

• It has abundant natural resources

• It exports 85% of its production

• It has a strong tourism sector

• It has a large population

Which country is New Zealand's largest trading partner?

• India

• China

• Australia

• United States

What is New Zealand's approach to trade agreements?

• Prioritize tourism over trade

• Focus on bilateral agreements only

• Advocate for fair and free trade

• Avoid trade agreements with large countries

What is New Zealand's strategy for its export products?

• Focus on bulk exports

• Move from volume to value

• Increase reliance on tourism

• Reduce export activities

Which sector is expected to benefit the most from the Arcep deal?

• Agriculture

• Manufacturing

• Services

• Tourism

What challenge does a strong Kiwi dollar pose for New Zealand?

• Reduces tourism

• Increases inflation

• Hinders exports

• Increases import costs