increase font size
David Parker.
Britain has taken its first formal step to negotiate a post-Brexit free trade agreement with New Zealand, Australia and the US.
Britain’s Minister of State for International Trade, Liam Fox, said late last week that consultation on a proposed FTA will start in Britain in the coming months as a precursor to launching formal negotiations.
The consultation will involve all stakeholders in any FTA including farmers, all others in the agri sector and businesses in all sectors of the economy.
Dairy News understands that Fox’s announcement is timed to fit with the US’s domestic trade protocols which require that the Congress be notified before they can start formal negotiations for an FTA with Britain. As a result, New Zealand and Australia have become part of the process.
An announcement on when the three countries can begin talks on their respective FTAs is expected later this year, after which formal talks could begin in late March next year.
NZ government officials and industry have already begun preparing papers for the FTA with the UK and informal discussions have begun. Britain is believed keen to move quickly to get FTAs underway as soon as it leaves the European Union.
NZ officials see the Fox announcement as a positive. It comes just days after our officials had their first formal negotiations in Brussels on an FTA with the EU.
News of the UK’s launch of public consultations on an FTA with New Zealand has been welcomed by Trade Minister David Parker.
He says this signals that the UK is prioritising an early agreement with NZ, and wants an FTA as soon as possible after Britain leaves the EU.
“There are lots of other countries they could have chosen, but they have chosen us and that’s good.
“The UK and the EU, who have similar thinking on human rights, labour and environmental issues, offer good opportunities to advance our new trade agenda,” he says.
Parker says a progressive, high quality and comprehensive FTA would be an important first step.
“It would help remove barriers to trade and create world-leading approaches on issues like services and digital trade,” he says.
Britain is NZ’s fifth-largest trading partner with two-way trade worth nearly NZ$6 billion annually.
Britain has also signalled its interest in joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP). Parker says growing the CPTPP membership would increase its value and contribute to more alignment of rules and trading standards, important in the current global trade environment.
OPINION: New Zealand's dairy exports have been the backbone of the country's economy for several decades, and exports remain buoyant despite pandemic-era disruptions and impending downturns in East Asia in the next few years.
OPINION: Even before the National-led coalition came into power, India was very much at the fore of its trade agenda.
A large New Zealand trade delegation is in India this week - but don't expect any major trade deals.
New Zealand is a step closer to free trade with the United Kingdom, says Trade and Export Growth Minister Damien O’Connor.
Moves to bring all free trade deals in Asia Pacific into one ‘free trade area’ could help countries like New Zealand bounce back from Covid, according to trade expert Stephen Jacobi.
NZPork has appointed Auckland-based Paul Bucknell as its new chair.
The Government claims to have delivered on its election promise to protect productive farmland from emissions trading scheme (ETS) but red meat farmers aren’t happy.
Foot and Mouth Disease outbreaks could have a detrimental impact on any country's rural sector, as seen in the United Kingdom's 2000 outbreak that saw the compulsory slaughter of over six million animals.
The Ministry for the Environment is joining as a national award sponsor in the Ballance Farm Environment Awards (BFEA from next year).
Kiwis are wasting less of their food than they were two years ago, and this has been enough to push New Zealand’s total household food waste bill lower, the 2025 Rabobank KiwiHarvest Food Waste survey has found.
OPINION: Sir Lockwood Smith has clearly and succinctly defined what academic freedom is all about, the boundaries around it and the responsibility that goes with this privilege.
OPINION: Should cows in NZ be microchipped?
OPINION: Legislation being drafted to bring back the controversial trade of live animal exports by sea is getting stuck in the…
