Wednesday, 02 August 2017 08:55

Euro leaders want to trade with NZ

Written by  Peter Burke
Trade Minister Todd McClay. Trade Minister Todd McClay.

Trade Minister Todd McClay is confident the European Union and New Zealand will begin negotiating a free trade agreement by the end of the year.

McClay says when he was in Paris at the OECD recently he met with the EU Trade Commissioner, Cecilia Malmström, who confirmed her organisation was on track to launch the negotiations by the end of the year.

NZ’s reputation for fairness in negotiating trade deals is working in our favour, McClay says. We have a reputation for doing quality deals.

“Such is our reputation that Cecilia Malmström told me if the EU can’t do a deal with NZ we can’t do a deal with anyone."

He says the EU's willingness to begin talks is due to NZ's efforts over the last couple of years. He has personally met with representatives of most EU member states and some he has seen several times.

“At some stage I will seek a mandate from the cabinet to begin talks and Cecilia Malmström is going through a similar process. But there are 27 countries to deal with so it takes a bit longer,” he says.

“They have all said they want to do a FTA with NZ, but some have also noted there will be a challenge in access for our agricultural products. We know that; it is always challenging for NZ on dairy and meat, so we will just go and get the best deal we can.”

Also helpful from NZ’s point of view is that many EU countries, notably Netherlands and Ireland, have strong cultural and historical ties with us. And many new EU members are also talking up an FTA with us, including members of the former Soviet Union bloc.

“They are economies that want to trade with the world and they become richer with trade and that’s why they are open to that idea of an FTA. When the UK voted to leave the EU, people said ‘your best friend has gone’, but we have still many, many countries that support NZ on trade."

More like this

Tough trade

OPINION: Known for serious trade negotiations with global politicians, top NZ trade official Vangelis Vitalis also knows how to crack jokes.

Changing global trade ties

OPINION: I recently returned from a market visit overseas, including the United Kingdom and Europe. These are critical, historically important and increasingly high value markets for our red meat exports.

Featured

Wilmar hands over US$725m ‘court security’ in Indo graft case

Reuters reports that giant food company Wilmar Group has announced it had handed over 11.8 trillion rupiah (US$725 million) to Indonesia's Attorney General's Office as a "security deposit" in relation to a case in court about alleged misconduct in obtaining palm oil export permits.

National

Machinery & Products

Calf feeding boost

Advantage Plastics says it is revolutionising calf meal storage and handling, making farm life easier, safer, and more efficient this…

JD's precision essentials

Farmers across New Zealand are renowned for their productivity and efficiency, always wanting to do more with less, while getting…

» Latest Print Issues Online

The Hound

Don't hold back!

OPINION: ACT MP Mark Cameron isn’t everyone’s cup of tea, but he certainly calls it how he sees it, holding…

Sorry, not sorry

OPINION: Did former PM Jacinda Ardern get fawning reviews for her book?

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter