Uk Nz Trade Agreement

A free trade agreement will help exporters and consumers while maintaining the standards that are in the minds of New Zealanders. The equivalent of Truss in New Zealand, David Parker, wrote last week in a statement in the Times that they believe trade relations “are not in line with the rest of our relationship.” Speaking to Times Radio, Peters said the “recipe” for an agreement “could have been practically signed.” The customs agreement between the EU and New Zealand is not affected by Brexit. The government is committed to negotiating a comprehensive agreement with New Zealand and we look forward to further progress. The government will make its next statement on the progress made at the end of the second round of negotiations, which is scheduled for October. We will look at the possibility of personal negotiations, if that is for sure. In June, the British government announced its intention to join the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP), a free trade agreement involving 11 Asia-Pacific countries, including Canada, Australia, Japan, Vietnam and New Zealand. Leaving the EU allows the UK to develop its own new trade agreements with other countries, including New Zealand. “We think we`re in great shape and ready to go – we only need the British to realize that we can do more than just a trade deal at the same time.” We have come close to an ambitious and far-reaching free trade agreement with one of our oldest friends. A free trade agreement with New Zealand can generate investment, better jobs, higher wages and more affordable prices, especially when we need them most. Both negotiating teams recognized the unprecedented circumstances in which we find ourselves and reaffirmed the need to increase world trade to support the post-Covid economic recovery.

The negotiations were virtual and covered an extensive agenda of discussion in all areas of a trade agreement. New Zealand is negotiating a free trade agreement with the United Kingdom, one of the world`s largest economies and a long-standing partner of New Zealand. The United Kingdom and New Zealand are coordinated in many areas, which will allow us to move quickly on many chapters. During the discussions, the two countries stressed the desire to be particularly ambitious in areas, including promoting digital trade, promoting cross-border trade in services and investment, reducing uncertainty and burden on exporters through customs procedures and promoting best regulatory practices.

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