An Open Letter to Trade Minister O’Connor

We write this open letter to express the strong support of the New Zealand business community for ambitious outcomes at the Twelfth World Trade Organization (WTO) Ministerial Conference (“MC12”).

read more

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

by | May 7, 2021 | Media Releases | 0 comments

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.

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

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

Five Minutes to MC12

In a fortnight’s time, Ministers from the 164 members of the World Trade Organisation will gather for the Twelfth Ministerial Conference (“MC12”) in Geneva. The pandemic, fish subsidies and agriculture will headline the agenda, but meaningful outcomes are far from a...

APEC Economic Leaders’ Declaration

We, the Economic Leaders of APEC met on 12 November 2021. The COVID-19 pandemic continues to take lives and impact livelihoods. The evolving nature of the COVID-19 pandemic and its variants will create ongoing uncertainty and an uneven economic recovery across the...

Press release from ABAC IV meeting, 10 November 2021

Business to APEC Leaders: work together to address pandemic recovery, trade, climate, inequality Wellington, New Zealand, 10 November 2021 - Business leaders from the APEC Business Advisory Council (ABAC), meeting virtually ahead of the annual APEC Economic Leaders’...

APEC 21 – BEATING COVID ONE ZOOM AT A TIME

The ABAC NZ TeamThe APEC Business Advisory Council (ABAC) is preparing to discuss its Annual Report with APEC Economic Leaders. Nothing like a pandemic to upset lives and livelihoods, and also disrupt this year’s hosting of APEC by New Zealand.  Gone is the “barbecue...

Britain here we come!

We are excited about the Agreement in Principle (AiP) on a future free trade agreement with the United Kingdom! Some 139 years after the first refrigerated vessel left for the “mother country” and 48 years since Britain cast its lot with a united Europe, New Zealand...