Reti Shane: Tariff (Free Trade Agreement between New Zealand and the Republic of Korea) Amendment Bill — Third ReadingText is incorporated into the Bound VolumeReti Shane: Tariff (Free Trade Agreement between New Zealand and the Republic of Korea) Amendment Bill — Third Reading[Sitting date: 24 September 2015. Volume:709;Page:7082. Text is incorporated into the Bound Volume.]Dr SHANE RETI (National—Whangarei): I would like to echo the words of the Chamber in congratulating the Minister of Trade on this excellent agreement. I would also like to congratulate the Ministry of Foreign Affairs and Trade officials on the high skills that they have brought to this agreement.We have heard the issue of investor-State dispute settlement provisions raised again today; they have been raised at several of the readings of the Tariff (Free Trade Agreement between New Zealand and the Republic of Korea) Amendment Bill as well. Quite simply we need to back ourselves. We need to back ourselves. We have got a really good level of experience in international tribunals as was just mentioned a moment ago. In fact if we detail them even further it will bring back some memories of just how good our team is. In 2007 there was the Australian apple ban in 1999 the US lamb safeguards in 1997 the Canadian dairy subsidies in 1997 EU butter exports and we are currently in a World Trade Organization dispute with Indonesia over agricultural products. We have a lot of experience in international tribunals. We need to back ourselves.The timing here is very important and I would like to acknowledge the Labour Opposition for assisting with the timing. You see what happens here is that if we ratify this the entry-into-force tariff reductions happen immediately and then one calendar year later the next set of reductions come in. Being able to do this now means that on 1 January or thereabouts the year 2 tranche of tariff reductions can come in instead of waiting potentially another whole year. This will benefit buttercup squash methanol food preparation some fisheries dairy spreads milk albumins racehorses and aluminium. Those sectors of the economy will benefit from the timeliness of this agreement.The other comment that I would like to make is around the kiwifruit industry which it has been noted is clearly going to benefit from this. I have had those in the kiwifruit industry have a look at how they would carve out the Northland benefit. What does this look like for Northland? This is important because this is the cost to New Zealand First which is opposing this. This is the cost to New Zealand First of not supporting the Northland kiwifruit industry—Todd Barclay: Not putting New Zealand first.Dr SHANE RETI: —not putting New Zealand first; certainly not putting Northland first. Here is how the kiwifruit figures look for Northland. There are 228 orchards 126 growers 420 hectares with five pack-houses. I am reliably informed that there is one full-time equivalent per 2 hectares of kiwifruit-growing land—that is 210 full-time equivalents working with growers in the kiwifruit industry and I am also informed that that is $25 million into the Northland economy. This is quite clearly a good thing for Northland. This agreement is quite clearly a good thing for New Zealand and I commend it to the House.