Britain and New Zealand have completed their first round of trade negotiations. The talks were labelled ambitious, wide ranging and extremely positive with Britain saying New Zealand is “one of our oldest friends”.
New Zealand Trade negotiator explains how the trade negotiations went.
The negotiations were held over video conference where many areas were covered. Both sides agreed that a trade deal between the two great nations would boost the two nations bringing “investment, better jobs, higher wages and more affordable prices just when we need them the most.”
From the official governments negotiation statement, “Both teams of negotiators recognised the unprecedented circumstances we find ourselves in and reiterated that more global trade is essential to support post-Covid economic recovery.”
The statement continued saying: “Discussions between negotiators were productive and reflected our shared ambition to secure a comprehensive deal to boost trade and investment between our like-minded economies.”
Both sides wanted these negotiations to make “quick progress” as they lay “the groundwork for the UK and New Zealand to achieve high-quality outcomes across the agreement. The UK and New Zealand are aligned in many areas which will enable us to make quick progress across many chapters.”
There was an emphasis on desires to “be particularly ambitious in areas including enhancing digital trade, boosting cross-border trade in services and investment, reducing uncertainty and burdens on exporters from customs procedures, and promoting good regulatory practices.”
“The Government will make its next statement on progress following the second round of talks, which is currently planned to take place in October.”
Trade Secretary, Liz Truss said: “
We’ve concluded a positive & productive first round of trade talks with 🇳🇿, a like-minded democracy that shares our commitment to free and fair trade.
A deal will create opportunities for 🇬🇧 businesses and support our vision of #GlobalBritain.”