Re: Nz & oz fta??
Originally Posted by
7779311
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Very good, it looks like we all can rely on your assumption. With so many convincing arguments nothing can go wrong.
All that looks so promising that I wished there was a way for the UK to end the UK-EU negotiations and the transition period immediately. There will be no appropriate deal between UK and the EU anyway so why lose more time and money...
Anyway that is all fantastic news.
Unfortunately, negotiations take time. The EU and NZ have been at it since 2017.
Oh, and note the text in bold!
Towards an EU-New Zealand Trade Agreement
The European Union has launched negotiations for a comprehensive and ambitious trade agreement with New Zealand.
Bilateral trade in goods between the two partners has risen steadily in recent years, reaching almost €8.7bn in 2017. The EU is New Zealand's third-biggest trade partner.
According to the impact assessment, trade between New Zealand and the EU could increase by 36%; trade in goods could increase by 47%, whereas the services trade could increase by 14%.
The trade negotiations aim to:
reduce existing barriers to trade in goods and services
make sure that European companies compete on a level playing field with businesses from countries that already have a trade agreement with New Zealand
promote smart, sustainable and inclusive growth
The Council of the European Union authorised opening negotiations for a trade agreement between the EU and New Zealand on 22 May 2018.