NZ EU FTA COMING DOWN TO THE WIRE – HOLD THE LINE, SAYS BUSINESS FORUM

As negotiations accelerate to conclude an ambitious free trade agreement between New Zealand and the European Union, the NZ International Business Forum (NZIBF), representing a cross section of major exporters, urges the Government and its negotiators to hold out for a commercially meaningful deal which expands market access for all exports and does not disadvantage or penalise any one sector.

“A high quality and comprehensive FTA with the EU would be of significant benefit to the economy, but if it is to be worthwhile it must create new market access for all sectors, eliminate or significantly reduce tariff and non-tariff barriers and lead to increased trade and investment”, said NZIBF Executive Director Stephen Jacobi.

 Mr Jacobi said negotiations appeared to be entering a final phase and NZIBF Members were in Brussels to provide advice to negotiators.

 “This has been a complex negotiation. We appreciate the efforts of negotiators who are working around the clock, but substance needs to drive this final phase.  If there is not a commercially meaningful offer for our major exports able to be seized at this point, negotiations will need to continue their work”.

 Mr Jacobi said a successful outcome would need to address New Zealand’s major export concerns for dairy, fish, horticulture, meat, wine and manufactured products as well as services.

 “We urge negotiators not to settle for a low quality deal which would create an unhelpful precedent for future negotiations with other partners” concluded Mr Jacobi.