22 November 2016

News Story: New Zealand exporters pin hopes on RCEP as TPP hits Trump barrier

RCEP Nations (Wiki Info - Image: Wiki Commons)
WELLINGTON, Nov. 21 (Xinhua) -- New Zealand exporters are backing the Regional Comprehensive Economic Partnership (RCEP) trade talks to help them overcome barriers including the high exchange rate.

Exporters were feeling confident and expecting orders to rise in the next 12 months, despite uncertainties in Britain after the Brexit vote and in the United States with the election of Donald Trump as president, according to the Export New Zealand DHL Export Barometer survey out Monday.

The research shows that overall 2016 has been a good year, with 52 percent of exporters achieving an increase in international orders.

Optimism for the coming year was high, with 63 percent expecting international orders to increase, and 32 percent saying they expected orders to remain at the same level.

Read the full story at Xinhua