Free Trade Agreement New Zealand Uk

The UK says it wants to join a free trade agreement involving 11 Asia-Pacific countries. A trade deal with New Zealand is an „essential” part of helping the UK economy emerge from the coronavirus crisis, British Trade Minister Liz Truss said when Britain began formal talks with Wellington. „New Zealand and the United Kingdom enjoy close relations, including strong trade and economic relations, shared values and traditions and a common history. A free trade agreement will be another important step in this relationship. At present, the UK is unable to conclude its own trade agreements during the 11-month transitional period following its withdrawal from the EU in January. In response to the interview with Mr. Peters, a spokesman for the Department for International Trade, said: „We are delighted with the possibility of a free trade agreement.” The UK government wants to conclude free trade agreements with more than 80% of its overseas trade by 2023. It has been a priority for reaching an agreement with New Zealand (with Australia, the UNITED STATES, Japan and its ongoing dialogue with the EU). Parker found that both sides are committed to concluding the talks at an early stage, although his one-year timeline seems optimistic. In particular, the AMF will want agreements to be reached between the UK and the EU before we talk about our own, and history indicates that discussions between the UK and the EU will not be easy. „In addition to our negotiations with Australia and Japan [a New Zealand agreement] is a step towards joining the CPTPP – a standard, rules-based trading space that encompasses some of the world`s most dynamic economies,” Truss said. When asked what New Zealand offered the UK as a trading partner, he replied: „We offer a country that can make trade deals first.” The discussions between the negotiators were productive and reflect our common desire to reach a comprehensive agreement to promote trade and investment among our like-minded economies.

The teams discussed their respective objectives and agreed on a future plan for future discussions. Our positive discussions in the first round laid the foundation for Britain and New Zealand to achieve quality results across the agreement. 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 following the second round of discussions, currently scheduled for October. We will look at the possibility of personal negotiations, if that is certain. Winston Peters said the UK`s accession to the EU had not left it „fit” to negotiate its own deals around the world. A free trade agreement will help exporters and consumers while maintaining important standards for New Zealanders. Truss` counterpart in New Zealand, David Parker, wrote last week in a comment published in the Times that, in her view, the business relationship „does not follow the rest of our relationship.” „We have moved closer to reaching a comprehensive trade agreement to boost trade and investment between our like-minded economies.

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