Grassley Leads Effort to Urge U.S. - New Zealand Trade Agreements

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Grassley Leads Effort to Urge U.S. - New Zealand Trade Agreements

The following press release was published by the United States Committee on Finance Ranking Member’s News on March 31, 2003. It is reproduced in full below.

Dear President Bush:

We are writing to encourage you to launch negotiations for a Free Trade Agreement (FTA)

with New Zealand.

In his notification to Congress on initiating a FTA with Australia, Ambassador Zoellick stated that he plans to solicit the views of Congress on a possible FTA with New Zealand. While withholding any judgment until the final agreement is reached, we welcome and support Ambassador Zoellick’ s initiative on New Zealand, and look forward to working with him during the negotiations. Given the integration of the New Zealand and Australian economies, it would be advantageous for the United States to consider negotiating FTAs with both countries.

New Zealand is a strong partner in opening markets around the world and promoting security.

A United States-New Zealand FTA will encourage greater trade liberalization in the Asia-Pacific region and continue our effort to expand trade. Furthermore, New Zealand has made a major contribution to the campaign against terrorism by deploying its special forces to Afghanistan over the past year. Recently, New Zealand committed naval and air force assets in the Arabian Sea and Gulf of Oman as part of a coalition effort to police these sea routes against Al Qaeda and Taliban terrorists on the run.

Launching a United States-New Zealand FTA is a natural complement to the United States-

Australia FTA and, if the agreements are comprehensive and properly structured, would benefit the economies of all three countries. We ask that you begin negotiations with New Zealand as soon as possible.

Sincerely yours,

Chuck Grassley

Bill Frist

Gordon Smith Peter Fitzgerald

Jon Kyl

Chuck Hagel Jim Talent

Thad Cochran

Maria Cantwell Richard Lugar

Ron Wyden John Breaux

John McCain Don Nickles

Orrin Hatch Pat Roberts

Sam Brownback Craig Thomas

Zell Miller

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Source: Ranking Member’s News

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