London: agreed to a trade deal with Britain New Zealand On Wednesday, Britain’s exit to expand economic ties around the world aims to end tariffs on a wide range of goods. The European Union.
The deal was cemented in a conference call between UK Prime Minister Boris johnson and their New Zealand counterpart, Jacinda Ardern, after 16 months of negotiations by the interlocutors. Although trade with New Zealand accounts for only 0.2% of UK trade, the UK hopes this will help open the door towards membership. trans-pacific business partnership.
The partnership, which includes Japan, Canada and Vietnam, had a GDP of 8.4 trillion pounds ($11.6 trillion) in 2020.
“This is a great trade deal for the United Kingdom, cements our longstanding friendship with New Zealand and advances our ties with the Indo-Pacific,” Johnson said. “This will benefit businesses and consumers across the country, cut costs for exporters and open up access for our employees.”
In New Zealand, where the announcement was made on Thursday, Ardern said the deal was one of the best achieved by New Zealand and would boost the country’s economy by nearly 1 billion New Zealand dollars ($720 million) as it makes way for more. Opens the sale of country wine, butter, cheese and beef.
“It’s a historic but substantial deal and it’s basically achieved in a year,” Ardern said. “It’s never been done before.”
Trade executives in the UK trumpeted the benefits of the deal by announcing Sauvignon Blanc wines, Manuka honey And kiwi fruit from New Zealand would be cheaper for British consumers. Clothing, buses and bulldozers will also no longer be charged.
British farmers expressed unease, however, saying that another deal signed with Australia earlier this year would mean significant additional amounts of imported food at a time when labor shortages and rising costs are already in place. harming many UK farmers.
“This could harm the viability of many British farms in the coming years, to the detriment of the public, who want more British food on their shelves, and to the detriment of our rural communities and cherished agricultural landscapes,” said the National Farmers Association. President Minette Batters said.
“Instead of reiterating that these deals would be good for British agriculture, our government now needs to explain how these deals will benefit the future of farming, food production, and the high standards that go with it on these shores.” ” ‘ said the batsmen.
Asked whether the deal means New Zealand will be less dependent on China for its exports, Ardern said the diversification would improve options and flexibility for its exporters.
There has been some hurt sentiment in New Zealand after Britain joined the then-European Economic Community in 1973, leaving many New Zealand exporters out.
Ardern said the new deal meant that perhaps it was time to draw a line under that period of history.
Some details of the deal are still being finalized, and officials expect it to go into effect next year.
Johnson’s Conservative government is focusing on negotiating free trade deals around the world in an effort to spur economic growth after Brexit. The biggest prize would be a trade deal with the United States, although a deal with the US seems distant.
The deal was cemented in a conference call between UK Prime Minister Boris johnson and their New Zealand counterpart, Jacinda Ardern, after 16 months of negotiations by the interlocutors. Although trade with New Zealand accounts for only 0.2% of UK trade, the UK hopes this will help open the door towards membership. trans-pacific business partnership.
The partnership, which includes Japan, Canada and Vietnam, had a GDP of 8.4 trillion pounds ($11.6 trillion) in 2020.
“This is a great trade deal for the United Kingdom, cements our longstanding friendship with New Zealand and advances our ties with the Indo-Pacific,” Johnson said. “This will benefit businesses and consumers across the country, cut costs for exporters and open up access for our employees.”
In New Zealand, where the announcement was made on Thursday, Ardern said the deal was one of the best achieved by New Zealand and would boost the country’s economy by nearly 1 billion New Zealand dollars ($720 million) as it makes way for more. Opens the sale of country wine, butter, cheese and beef.
“It’s a historic but substantial deal and it’s basically achieved in a year,” Ardern said. “It’s never been done before.”
Trade executives in the UK trumpeted the benefits of the deal by announcing Sauvignon Blanc wines, Manuka honey And kiwi fruit from New Zealand would be cheaper for British consumers. Clothing, buses and bulldozers will also no longer be charged.
British farmers expressed unease, however, saying that another deal signed with Australia earlier this year would mean significant additional amounts of imported food at a time when labor shortages and rising costs are already in place. harming many UK farmers.
“This could harm the viability of many British farms in the coming years, to the detriment of the public, who want more British food on their shelves, and to the detriment of our rural communities and cherished agricultural landscapes,” said the National Farmers Association. President Minette Batters said.
“Instead of reiterating that these deals would be good for British agriculture, our government now needs to explain how these deals will benefit the future of farming, food production, and the high standards that go with it on these shores.” ” ‘ said the batsmen.
Asked whether the deal means New Zealand will be less dependent on China for its exports, Ardern said the diversification would improve options and flexibility for its exporters.
There has been some hurt sentiment in New Zealand after Britain joined the then-European Economic Community in 1973, leaving many New Zealand exporters out.
Ardern said the new deal meant that perhaps it was time to draw a line under that period of history.
Some details of the deal are still being finalized, and officials expect it to go into effect next year.
Johnson’s Conservative government is focusing on negotiating free trade deals around the world in an effort to spur economic growth after Brexit. The biggest prize would be a trade deal with the United States, although a deal with the US seems distant.
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