Economist at Sense Partners, trade geek, rugby ref. All comments my own.
Wellington, NZ
Joined September 2009
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Big shout out to Andrew Brace - absolutely nailed that game. The teams wanted to be positive & he let them play. Superb communication throughout & let players know his boundaries for how much they were shouting at him. Excellent we won’t be debating his calls for the next week.
John Ballingall retweeted
🌐 RCR.Media | "When incomes rise rapidly... people want to buy stuff." - John Ballingall, Trade Economist @JohnBallingall
Ballingall says rising incomes in India mean consumers will increasingly move beyond staple foods toward higher-protein products New Zealand is good at producing. Is this where the real long-term value of the FTA sits?
🎥 Watch here: rcr.media/episodes/john-ball…
Good thing about the 3rd test between BZ and SA this weekend is that no one will be focused on the ref. So we’ll all be able to agree at full time that the best side won and the players decided the outcome. Looking forward to some quality online engagement!
John Ballingall retweeted
I could go back years here to conversations where I asked Brexit folk, how much are you prepared to pay for your sovereignty. They denied the trade-off then, and deny it now. Until they do, not serious people.
John Ballingall retweeted
Which just illustrates the utter irrelevance of the target, since the bulk of the increase presumably reflects simply rising global gold prices which I suspect not even Shane Jones would attempt to claim credit for.
Chatting India FTA 'controversies' - investment, tariff clawbacks, visas and a gratuitous comment about Liz Hurley
Coalition parties trade blows over India agreement | Focus on Politics youtu.be/M2dJQfwa0FA?si=6BuH… via @YouTube
Once more for the hard of hearing:
1. Obligation is to "promote investment", not achieve the target. If we don't promote it hard enough, then after 18 yrs & a lot of process India *could* temp reimpose tariffs. Exactly $0 of duties saved in that 18 yrs will be clawed back. 1/4
I mean, apart from these points, the tariffs were brilliant
One year after Liberation Day, the evidence does not support the administration’s core claims.
Tariffs weren't reciprocal, didn't produce an investment surge, generated less revenue than projected, didn't pay down the national debt, and pushed prices up. taxfoundation.org/blog/liber…
NZ is named amongst 60 countries to be investigated. More tariff uncertainty awaits. Sigh.
But it's a big [yuuuge] stretch to say NZ's lack of a ban on forced labour imports burdens or restricts US commerce in any material sense.
Here's why (non-legal take)... brief🧵
1/5
Ambassador Greer launched Section 301 investigations into acts, policies, and practices of 60 economies to determine whether foreign governments have taken sufficient steps to prohibit the importation of goods produced with forced labor.
Learn more: ustr.gov/about/policy-office…
US has never raised this as a concern for NZ in its annual 'National Trade Estimates' doc where it lists trade/reg beefs with each country. And it's usually not shy in flagging gripes, no matter their merits. So this is a very novel line of attack. Grasping at straws?
4/5
