increase font size
Trade and Export Growth Minister Damien O'Connor with British Secretary of State for International Trade Anne-Marie Trevelyan at the signing of the agreement in principle.
New Zealand is a step closer to free trade with the United Kingdom, says Trade and Export Growth Minister Damien O’Connor.
O’Connor’s statement came after the United Kingdom Free Trade Agreement Legislation Bill had it’s first reading in Parliament yesterday.
“We’re continuing steady progress toward ratifying this historic free trade agreement (FTA) and having its benefits flow through our economy,” O’Connor says.
“The elimination of tariffs, almost all when the Agreement comes into force, and the new levels of ambition in inclusive and sustainable trade, including outcomes for Māori, women in trade, and the environment, make the UK FTA a gold-standard agreement,” he says.
O’Connor describes the deal as one of the best New Zealand has ever negotiated and will boost the economy by up to $1 billion as well as providing us with further economic security.
Negotiations for the UK FTA were launched in June 2020 and reached the agreement-in-principle stage in October last year.
Once both New Zealand and the United Kingdom have completed their mutual ratification processes, the FTA can enter into force.
“This is an excellent deal that was negotiated at a good pace, with much of it done virtually through the pandemic,” O’Connor says.
He says the Government aims to complete New Zealand’s ratification processes by the end of 2022.
Did you know that nearly 90% of total New Zealand wine sales occur offshore? That simple number means our wine businesses are the most export oriented of all the global wine industries. It also makes our sector especially sensitive to any changes in the trade rules that govern the access of our wines into international markets.
OPINION: The dairy industry will be a major beneficiary of a new free trade deal between NZ and the Gulf Co-operation Council (GCC).
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.
Talk the language of business when communicating the benefits of Free Trade Agreements (FTAs) - that's the message to the Government and its officials from public and international trade law expert Sarah Salmond.
Federated Farmers have reiterated their support for the coalition Government to abolish the present ban on the live export of animals.
The 2025 game bird season is underway with Hawke’s Bay and Southland reporting the ideal weather conditions for hunters – rain and wind.
A group of meat processing companies, directors and managers have been fined a total of $1.6 million for deliberately and illegally altering exported tallow for profit.
New Zealand’s top cheeses for 2025 have been announced and family-owned, Oamaru-based Whitestone Cheese is the big winner.
Waikato farmer, and Owl Farm demonstration manager, Jo Sheridan is the 2025 Fonterra Dairy Woman of the Year.
New Zealand’s special agricultural trade envoy Hamish Marr believes the outlook for the dairy sector remains strong.
Everyone from experienced veterinarians and young professionals to the Wormwise programme and outstanding clinics have been recognised in this year’s New Zealand Veterinary Association Te Pae Kīrehe (NZVA) awards.
OPINION: The appendage swinging contest between the US and China continues, with China hitting back with a new rate of…
OPINION: The irony of President Trump’s tariff obsession is that the worst damage may be done to his own people.
