Market Access Is The Key To Unlock The NZ/UK FTA Negotiation

by | May 7, 2021 | Media Releases


Media release, 6 May 2021

The NZ International Business Forum (NZIBF) welcomes the news that the pace of the NZ/UK FTA negotiation is to be lifted, but says a comprehensive market access package remains the key to unlocking a successful outcome.

“Trade negotiations are successful when they lead to more trade under better trade rules” says NZIBF Executive Director, Stephen Jacobi.

“That depends on opening markets by eliminating tariffs and non-tariff barriers. The work to broaden inclusion and address sustainability and other important issues of mutual interest stems from there”.

Mr Jacobi said good progress had been made in the negotiation, with the fourth round having just been completed.

“There is plenty of good will on both sides and that good will now needs to be extended to exchanging realistic and commercially meaningful market access offers, including in agriculture. The UK has thus far not delivered this expectation and needs to do more so the negotiation can move into its final phase”.

Mr Jacobi noted that the NZ/UK agreement was a possible pathway to future UK membership of Comprehensive and Progressive Agreement on Trans Pacific Partnership (CPTPP).

“We welcome the UK interest in CPTPP, but, as we have recently advised the NZ Government*, membership by any economy must rely on the ability to meet the agreement’s high standards and to reach a satisfactory market access outcome”. 

“If more progress can be made in the bilateral negotiation in coming months, NZIBF will be pleased to offer its wholehearted support for UK accession” concluded Mr Jacobi.


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




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...


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...


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...