You can read more about our objectives here. European Union (EU)-New Zealand free trade agreement. Our young people keep up a contemporary connection through study, travel and working holiday schemes with many European countries. New Zealand is opposed to ISDS. The agreement will also undergo parliamentary treaty examination and will enter into force once it has been ratified by Parliament. Before Brexit, the UK was automatically part of any trade deal the EU reached with other countries. trade topics; doha agenda; negotiating groups; Groups in the negotiations. Eleven countries — Cook Islands, Fiji, Kiribati, Nauru, Niue, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu — have so far ratified PICTA. We want an FTA that will level the playing field with countries that currently pay less due to existing free trade agreements with the EU. MEMBER INFORMATION. No further FTA negotiating rounds have been scheduled. A progressive and inclusive free trade agreement is a chance to deepen that partnership, deliver significant economic gains, and agree on high standards in areas that matter to New Zealanders. It has opened up significant trade and economic opportunities and has been a catalyst for closer cooperation across a number of areas. In 2017/2018 both sides finalised their mandate for negotiations. For 2019, New Zealand annual goods exports to the EU were worth NZ$5.3 billion and services exports are worth NZ$3.7 billion (including the UK). EU and New Zealand launch trade negotiations. Trade agreements. Also in line with previous free trade agreements, the FTA will include general exceptions and specific reservations to preserve the Government's right to regulate and ensure public provision in areas such as health, education, labour, environment, water, culture and heritage and other areas that are important to New Zealanders. Following that, Commissioner Malmström and Minister Parker launched the negotiation in June 2018. Bilateral trade in goods between the two partners has risen steadily in recent years, reaching almost €8.7bn in 2017. An agreement that sets a global benchmark on social and environmental priorities – like climate change, gender equality, indigenous rights, labour standards and sustainable and inclusive economic growth. New Zealand has longstanding historical, cultural, political and economic ties to Europe. We will also seek to reduce the costs of non-tariff barriers both at and behind the border. As with our other free trade agreements, we will preserve the unique status of the Treaty of Waitangi. The negotiations with Australia and New Zealand will demonstrate that likeminded, developed partners can negotiate high quality - agreements that are mutually beneficial. We want an FTA with Europe that reduces the costs our businesses face at the border by removing tariffs (import duties) and other barriers. Public consultations since late 2017 have included discussions on the EU-NZ FTA. An EU-NZ FTA will support the growing services and digital sectors, helping businesses of all sizes to trade. We're aiming for a high-quality, comprehensive agreement with the EU’s 27 member states. It represents about 35% of the region's GDP and has the largest population (264 million inhabitants in 2017). New Zealand | Brussels, 21 June 2018. It was signed in 2001. Joint discussions on the scope of negotiations followed. In addition, the UAE has signed free trade agreements with Singapore (through the GCCs agreement with the nation) and New Zealand, and has engaged in talks about the establishment of similar arrangements with the European Union, Japan, Australia, South Korea, India, Brazil, China, Argentina, Pakistan, Paraguay, Turkey, and Uruguay. On 22 May 2018, the Council adopted conclusions addressing the way in which trade agreements are negotiated and concluded. This consultation closed on 19 March 2019. We want an agreement that lowers costs for consumers, making things like food and consumer goods cheaper for New Zealanders. (Australia and New Zealand are excluded.) As of 1 January 2021, EU trade agreements no longer apply to the UK. The Withdrawal Agreement sets out how the UK is able to continue to be covered by EU-third country trade agreements until 31 December 2020. A number of countries have formed coalitions in the WTO. A Closer Economic Partnership Agreement with Thailand was negotiated in 2004 and implemented in 2005. These agreements reduce barriers to trade, including tariffs and import quotas, to build strong cooperation in the … Top of page, More information about accessibility options, Trade in wine, aromatised wine products and spirit drinks, Investment liberalisation and trade in services, Anticompetitive conduct, merger control and subsidies, Small and medium-sized enterprises (SMEs). Where EU trade agreements apply, UK and EU content will continue to count toward the rules of origin requirements in EU trade agreements until 31 December 2020, in exactly the same way as now. New Zealand has been a … SIA in support of free trade agreement (FTA) negotiations between the European Union and Australia, and between the European Union and New Zealand. 27 Nov 2020 | The UK has left the EU. The Pacific Island Countries Trade Agreement (PICTA) is an FTA on trade in goods among 14 members of the Pacific Islands Forum. The negotiations aim overall to reduce barriers to trade, goods and services and procurement. Pending wholesale reform of our legislation along those lines, we would want any proposals for recognition of professional qualifications as part of a trade agreement with New Zealand or other countries to follow that sort of approach. New Zealand's membership of the WTO gives us a voice and a vote in global free trade negotiations. Pending wholesale reform of our legislation along those lines, we would want any proposals for recognition of professional qualifications as part of a trade agreement with New Zealand or other countries to follow that sort of approach. The EU has issued a notification to third c… New Zealand and Australia are also partners, as are Indonesia, Thailand and Vietnam in Southeast Asia. In this light, the Council of the European Union adopted the decision authorising the opening of negotiations for a Free Trade Agreement between the EU and New Zealand in May 2018 (the Council published the mandate in June 2018). The EU recognises the importance of this to New Zealand, and has agreed that an EU-NZ agreement should include a Treaty of Waitangi exception provision to ensure the government can meet its obligations to Māori. Both parties share a commitment to the same fundamental values, such as respect for human rights, democracy and the rule of law. The Regional Comprehensive Economic Partnership (RCEP) is made up of 10 Southeast Asian countries, as well as South Korea, China, Japan, Australia and New Zealand. We called for submissions in late 2018 on the EU’s list of wine, spirits and food product names they want recognised and protected in New Zealand as part of the EU-NZ free trade agreement negotiation. New Zealand already enjoys a number of bilateral trade cooperation agreements with the EU. Last updated December 2020. We seek an agreement that increases opportunities and reduces barriers for Māori businesses in one of the world’s biggest markets. Many New Zealanders have whakapapa (ancestry) connections to European countries. New Zealand formally proposed an FTA with the European Union in 2009. Making an agreement work for small and medium enterprises is a priority for New Zealand's negotiators. 3. New Zealand is in negotiations to conclude five free trade agreements, with another process towards negotiations underway. He said New Zealand was in trade negotiations with both the UK and EU. The Department for International Trade is preparing for possible negotiations with New Zealand after the UK leaves the EU on 29 March 2019. This page gathers key information on New Zealand's participation in the WTO. Originally scheduled to take one week, it was eventually extended by almost another week to enable … The European Union has launched negotiations for a comprehensive and ambitious trade agreement with New Zealand. Regional and bilateral free trade agreements have become an important part of New Zealand's international trade policy. However it is essential that any liberalisation of the registration process provides Investor State Dispute Settlement (ISDS) and investment protection provisions are not included in the EU mandate for negotiations with New Zealand, and therefore will not form part of FTA negotiations. New Zealand Prime Minister, meets with German Chancellor Angela Merkel in 2018. The EU includes four of New Zealand’s top 20 trading partners – Germany, France, Italy and the Netherlands. However it is essential that any liberalisation of the registration process provides We're aiming for a modern, high-quality agreement. More information about the SIAs and how to contribute to them: Australia – New Zealand. Trade links foster mutually beneficial cooperation. This is list of free-trade agreements between two sides, where each side could be a country (or other customs territory), a trade bloc or an informal group of countries.. The UK … High quality means an agreement that opens up new export opportunities for our businesses, adds to the more than 620,000 New Zealand jobs that already depend on trade and helps to deliver prosperity for all New Zealanders. New Zealand is a trade dependent economy, distant from export markets, and we’re a firm supporter of free and open trade. Once an agreement is reached, it will be released for public scrutiny, as will a National Interest Analysis. This is the third in a series on 2020 presidential candidates and their trade policies. We are both committed to institutions such as the United Nations and World Trade Organization, which have helped to foster international rules and cooperation for decades. Note: Every customs union, common market, economic union, customs and monetary union and economic and monetary union is also a free-trade area.. For fully multilateral agreements (not included … In 2016, New Zealand and the European Union signed a Partnership Agreement for Relations and Cooperation (PARC), to strengthen political dialogue and cooperation on economic and trade matters, as well as a wide range of other areas, from science and innovation to education and culture. Our work with the WTO. As in every FTA negotiation, New Zealand will seek comprehensive liberalisation of all goods that we trade with the EU within commercially meaningful timeframes. New Zealand shares history and values with Europe. Throughout negotiations, we are committed to safeguarding our ability to regulate and decide what is best for New Zealand. We want to hear more of New Zealanders' views throughout the FTA process. Initial text proposals tabled by the EU side, Last update: New Zealand is currently in negotiations with the European Union (EU) over a potential Free Trade Agreement (FTA). We’ll be providing a summary of the outcome of each round as negotiations progress. On this basis, EU trade agreements can continue to apply to the UK. With more Free Trade Agreements (FTAs) than any other country, Mexico serves as a strong export platform to its U.S. neighbor and the world. These groups often speak with one voice using a single coordinator or negotiating team. In a world first for any developed country, New Zealand entered into a free trade agreement with China in 2008, giving us a unique competitive advantage. We are now able to negotiate, sign and ratify new trade agreements. The United States and New Zealand have a … We want to ensure this FTA works for companies of all sizes, big and small. New Zealand is negotiating a free trade agreement with the European Union, one of the world's largest trading entities. For instance, New Zealand kiwifruit company Zespri partners with Italian growers to help supply global markets all year round. New Zealand is negotiating a free trade agreement with the European Union, one of the world's largest trading entities. Report on the seventh round of negotiations for a Free Trade Agreement between the European Union and New Zealand 30 March – 9 April 2020 Summary The seventh round of EU-New Zealand trade negotiations was held virtually, but covered all substantial areas. Our services exports are mainly tourism and transportation services. Negotiations on a trade agreement with Thailand were launched in March 2013 and four rounds took place until April 2014. 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