WELLINGTON， June 8 (Xinhua) -- New Zealand consumer interests will be taken into account before duties are slapped on dumped or subsidized products at the border， under a new law introduced to the Parliament Wednesday.
"The consumer test will weigh up the benefits of at-the-border duties on dumped products and subsidized goods， against the costs to users of the product，" Commerce and Consumer Affairs Minister Paul Goldsmith said in a statement.
"Goods are considered dumped if the export price to New Zealand is less than the price they are sold for in their own home market. A duty or a financial penalty is imposed on those unfairly priced products which harm New Zealand manufacturers."
By introducing a public interest test， the regime could consider if consumers were benefiting from lower prices， more choice， availability and quality and whether this outweighed the effect on industry.
"This Bill will strike a balance between encouraging competition while protecting manufacturers from unfair pricing practices，" said Goldsmith.
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The ministers said that they reviewed the progress, including the results of the chief negotiators meeting last week in Ho Chi Minh City, Vietnam. The latest meeting in Singapore was said to be a "check-in meeting" to review the progress and see what needs to be tackled.
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The TPP countries said they would continue to engage " bilaterally and in other configurations," while pushing forward the necessary domestic processes, including the "fast track [url=http://www.cheapjerseysjaguars.com/jalen-ramsey-jersey/]Jalen Ramsey Youth Jersey[/url] ," which the U.S. negotiators need to get from their congress so that they can negotiate the terms and put them to the congress for vote without the need for amendments.
Michael Froman of the United States described the momentum at the meeting as "overwhelmingly positive". However, he also said that there will be no deadline or timetable for a final agreement.
Observers have said that uncertainty remains over the outlook of the TPP negotiations. A failure to conclude a final agreement by the time of the mid-term elections in the United States may further complicate the situation and make it much more difficult.
"We have set a pathway forward and a work program to make progress on the outstanding issues and rules. Obviously the substance of the negotiations will determine the timetable. So there is no particular deadline or timetable for reaching a final agreement," Froman said when asked to measure the progress.
It is believed that the other participating countries in the TPP talks are now largely looking at the progress of market access talks between the United States and Japan over agricultural products and automobiles.
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However, he also stressed the need for tolerance in light of the various circumstances of the TPP countries, while the sensitivity held by various parties need to minimized.
Amari said last week that it was unclear to what extent Tokyo and Washington can narrow differences over thorny issues such as Japanese tariffs on key agricultural products.
Amari said Monday that he told other ministers at the meeting that Japan would try its best to open the market even though it cannot open its agricultural product fully.
The two-day meeting behind closed doors was led by the United States and gathered the representatives of 12 countries that also include Australia, Brunei Darussalam [url=http://www.cheapjerseysjaguars.com/dj-chark-jersey/]DJ Chark Womens Jersey[/url] , Canada, Chile, Japan, Malaysia [url=http://www.cheapjerseysjaguars.com/taven-bryan-jersey/]Taven Bryan Womens Jersey[/url] , Mexico, New Zealand, Peru, Vietnam and Singapore.
The United States had hoped for the conclusion of the talks by the end of last year on the TPP [url=http://www.cheapjerseysjaguars.com/logan-cooke-jersey/]Logan Cooke Womens Jersey[/url] , a comprehensive and demanding but controversial trading pact that covers not only free trade but also aspects such as stringent intellectual property rights, the rights of multinationals to sue national governments and what the United States view as unfair competitive advantage of state-owned enterprises.
Some of the observers have said that the TPP talks are more on fair trade than on free trade. Differences obviously remain between the participating countries on some of the issues.
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