BUSINESS FORUM APPLAUDS “HISTORIC” NZ UK FTA

by | Mar 1, 2022 | Featured Articles, Media Releases, NZIBF

Remove

The conclusion of the NZ UK Free Trade Agreement is a historic moment for NZ’s trade, says the NZ International Business Forum.

“This new free trade agreement, negotiated and concluded in record time, delivers unprecedented access to the UK market and sets the stage for a significant expansion of the economic relationship with Britain” says NZIBF Executive Director Stephen Jacobi.

“New Zealand’s hopes for an ambitious, high quality and comprehensive outcome have been well and truly met with 99.5% of current trade to the UK becoming tariff free on entry into force and a clear pathway for tariff elimination set for the remaining tariff lines.  New Zealand’s exports to the UK of dairy, meat, horticulture and wine along with other products will be materially advanced and New Zealand is opening its market further to UK exports of goods, services and investment.  We extend our congratulations to the two governments, especially Trade Ministers O’Connor and Trevelyan and our thanks to negotiators on both sides for their sterling work”.

Mr Jacobi said the FTA addressed new generation trade issues such as digital trade, climate and sustainability and economic opportunities for Māori.

“Our hope was always that this agreement could mark the emergence of the UK as a major ally in the quest for global trade liberalisation and this is reflected in the range of innovative trade rules the FTA puts in place.  We now look forward to ratification of the agreement and to securing in short order the UK’s membership of Comprehensive and Progressive Agreement on Trans Pacific Partnership (CPTPP), which will allow us to the take this partnership further”, concluded Mr Jacobi.

 

REGISTER WITH TRADE WORKS

Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.

 

Remove

 

Latest News

NZIBF 2022 Chair Report

ANNUAL GENERAL MEETING 2022 CHAIR’S REPORT I am pleased to present my second report on the activities and achievements of the NZ International Business Forum (NZIBF) for 2022-23, our fifteenth year of operations.  At the outset I would like to thank Members for...

NZ BUSINESS LEADERS AT APEC 2022

New Zealand business will be represented at the APEC Leaders’ Week in Bangkok, commencing 13 November, by members of the APEC Business Advisory Council (ABAC). New Zealand’s three members – Rachel Taulelei, Malcolm Johns and Anna Curzon – supported by Stephen Jacobi...

Submission to MFAT for CPTPP Review

30 September 2022 Phil Mellor Economic Division, Ministry of Foreign Affairs and Trade, Wellington (By email) Dear Phil, Thank you for your email of 1 September, seeking our comments on the three year review of the Comprehensive and Progressive Agreement for Trans...

WHAT’S IN A NAME?

The now widespread use of the term “Indo Pacific” to describe the region to which New Zealand belongs brings a risk of geographical confusion. When did the “Asia Pacific” become the Indo Pacific?   For thirty years or more New Zealand has sought to enhance...

NZ Herald: Turbulence in global trade

Amidst the political topsy turvy of recent weeks came the news that the Government has refreshed its Trade Recovery Strategy.  That’s good news because, for exporters and the global economy as a whole, it’s tough out there. The pandemic is by no means over, there...

Address to World Affairs Forum, 22 August 2022

ADDRESS TO THE WORLD AFFAIRS FORUM AUCKLAND, 22 AUGUST 2022 STEPHEN JACOBI EXECUTIVE DIRECTOR NZ INTERNATIONAL BUSINESS FORUM TURBULENCE IN GLOBAL TRADE Thanks to Greg Thwaite for inviting me to speak to you this evening. It’s good to be back in the habit of meeting...

Trade and Climate Change: State of Play

TRADE AND CLIMATE CHANGE: STATE OF PLAY. A discussion paper prepared for the NZIBF by Adrian Macey, June 2022. Download here. Update: NZ-EU FTA The NZ-EU FTA has been finalised.  Article X.6 of the  trade and sustainable development chapter is on trade and...