EU and New Zealand launch trade negotiations

Malmstrom New Zeland EU

Cecilia Malmström, Member of the EC in charge of Trade, to New Zealand. David Parker, Minister of Trade and Export Growth of New Zealand, on the right, and Cecilia Malmström. © European Union , 2018 / Source: EC – Audiovisual Service.

This article is brought to you in association with the European Commission.

Yesterday, in the capital of New Zealand, Wellington, Commissioner for Trade Cecilia Malmström and New Zealand’s Minister for Trade David Parker officially launched talks for a comprehensive and ambitious trade agreement.

The negotiations will aim at removing barriers to trade in goods and services, as well as developing trade rules to make trade easier and more sustainable.

Yesterday’s announcement follows on the footsteps of the launch of negotiations with Australia earlier this week. It also comes soon after the conclusion of negotiations with Mexico, the finalisation of the agreements with Japan and Singapore, and the EU-Canada agreement, which entered into force in September last year.

Commissioner Malmström said: “Today is an important milestone in EU-New Zealand relations. Together, we can conclude a win-win agreement that offers benefits to business and citizens alike. Trade agreements are about economic opportunities but they are also about strengthening ties with our close allies. In New Zealand, we know that we have a partner who stands up for the same vital values as us. This agreement is an excellent opportunity to set ambitious common rules and shape globalisation, making trade easier while safeguarding sustainable development. We can lead by example.”

The first formal round of talks between the respective sides’ teams of negotiators will take place in Brussels from 16 to 20 July.

Whilst in New Zealand, Commissioner Malmström met with Acting Prime Minister and Minister of Foreign Affairs Winston Peters, as well as with the Parliamentary Select Committee on Foreign Affairs. She also held a public “Europa” lecture organised by the New Zealand Institute of International Affairs.

During her visit, Commissioner Malmström is also meeting with the Ministers for Primary Industries and Climate Change, as well as with representatives of civil society, academia and business. On Friday, 22 June, she will visit an innovation hub with companies with ties to the EU.

Bilateral trade in goods between the EU and New Zealand stood at €8.7 billion last year. The sectors which make up the bulk of EU exports to New Zealand are manufactured goods like transport equipment, and machinery and appliances, as well as chemicals, plastics, food, and services. In addition, a further €4.4 billion is exchanged in services (2016). The EU is New Zealand’s third biggest trade partner and the agreement could increase trade in goods by almost 50%, or by one third if both goods and services are considered.

New Zealand is one of the world’s fastest-growing developed economies. It recently negotiated the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) with 10 other countries in the Pacific region. The agreement between the EU and New Zealand will ensure that European companies are competing on a level playing field with businesses from countries with which New Zealand already has trade agreements.

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

Advertising

the European Sting Milestones

Featured Stings

Can we feed everyone without unleashing disaster? Read on

These campaigners want to give a quarter of the UK back to nature

How to build a more resilient and inclusive global system

Stopping antimicrobial resistance would cost just USD 2 per person a year

Sassoli: Migration agreement respects fundamental principles of Parliament’s proposal

Guterres: Security Council’s African alliances ‘needed and appreciated more than ever’

Cash-strapped cities must look to private partners

MWC 2016 LIVE: Industry looks to reduce mobile gender gap

Is our brave new world about to burst?

FROM THE FIELD: ‘Harvested’ rainwater saves Tanzanian students from stomach ulcers, typhoid

MEPs spell out priorities for the European Central Bank and on banking union

Yemen: Major UN aid boost for ‘up to 14 million’ as country risks becoming a land of ‘living ghosts’

Towards a European Republic

How technology can help India breathe more easily

Davos participants call for digital trade deal

On flight to sustainable development, ‘leave no country behind’, urges aviation agency

Varna (Bulgaria) awarded European Youth Capital 2017

The dangers of data: why the numbers never tell the full story

Indonesia is buzzing with entrepreneurial spirit. And others in ASEAN aren’t far behind

An Eastern Wind

5 lessons from China on how to drive sustainable growth

We have a chance to build the gender-equal workplaces of the future. Here’s how

European Labour Authority ready to start working in October as decision is taken on new seat

A Monday to watch the final act of a Greek tragedy; will there be catharsis or more fear?

Global Citizen-Volunteer Internships

CDU-SPD agree the terms for EU’s Banking Union

The DNA of the future retail CEO

Could a Digital Silk Road solve the Belt and Road’s sustainability problem?

Ebola in DR Congo: UN chief ‘outraged’ by recent killings of civilians and health workers

How can batteries become more sustainable? This young scientist might have the answer

Christmas spending: Who can afford not to cut?

3 of Jack Ma’s best pieces of advice

Mobile 360 Africa 11-13 July 2017

Brexit kick-off: a historic day for the EU anticlockwise

Guterres underlines climate action urgency, as UN weather agency confirms record global warming

Why the answer to a more sustainable future could lie within the platform economy

Pedal power makes ‘positive impact on climate’, urges UN on World Bicycle Day

China’s lead in the global solar race – at a glance

The Chinese retail revolution is heading west

Erdogan’s electoral win on a ‘me or chaos’ dilemma means trouble for everybody

This brewery is ditching plastic six-pack rings to save marine life

Investing in rural women and girls, ‘essential’ for everyone’s future: UN chief

What does Tsipras have to offer to the rest of Europe? Is it worth an early advance of €10 billion? Berlin sturdily denies it

Easing funding woes for UN agency assisting Palestine refugees a ‘wise investment for today and the future’

High unemployment to continue haunting the EU

A young European voice on Grexit: too high a bill and too big a deal!

JADE visits Lithuanian Junior Initiatives

The power of digital tools to transform mental healthcare

Libyan national conference postponed, nearly 500,000 children at ‘direct risk’ from fighting around Tripoli

From social entrepreneurship to systems entrepreneurship: how to create lasting change

Would you let an AI vote for you?

It’s ‘time for concrete action’ says UN chief, welcoming inter-Korean agreement

To my Chinese friend

Austrian Presidency priorities discussed in committees

Do we have to choose between creating jobs and protecting the climate?

5 ways students can graduate fully qualified for the Fourth Industrial Revolution

India is investing more money in solar power than coal for first time

A refugee from Syria cries out: “I’m not just a number!”

China is a renewable energy champion. But it’s time for a new approach

Camino de Santiago – a global community on our doorstep

Four ways Europe can become a global innovation leader

Three steps to clean up electric vehicle supply chains

A giant marine heatwave has descended on Alaska

Haiti: ‘Laden with challenges’ but also hope, Mission chief tells Security Council

More Stings?

Speak your Mind Here

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s