Taiwan trade deal change needed: McClay – MSN

Taiwan trade deal change needed: McClay – MSN

National’s trade spokesman Todd McClay says Labour’s plan to renegotiate the South Korea free trade agreement to include a ban on foreign home buyers could extend to further trade deals.

He’s called on Labour leader Jacinda Ardern to be clear on how many deals she’s prepared to reconsider in pursuit of its plan to block non-residents buying exiting housing before Christmas.

Doing so would breach the Korean and Chinese free trade agreements, meaning nationals from those countries would be exempt from the ban until the deals could be renegotiated, Ms Ardern has admitted.

By MSN

http://www.msn.com/en-nz/news/finance-business/taiwan-trade-deal-change-needed-mcclay/ar-AArQ8H0?ocid=News