News | Business
27 Sep 2017 1:57
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Olympic Games
  • Ski Report
  • Finance
  • Shopping
  • Jobs
  • Horoscopes
  • Lotto Results
  • Photo Gallery
  • Site Gallery
  • TVNow
  • Dating
  • SearchNZ
  • NZSearch
  • Crime.co.nz
  • RugbyLeague
  • Make Home
  • About NZCity
  • Contact NZCity
  • Your Privacy
  • Advertising
  • Login
  • Join for Free

  •   Home > News > Business

    NZ-EU trade deal could beat Britain

    Trade Minister Todd McClay expects New Zealand to conclude its free-trade agreement with the European Union within two years.


    New Zealand expects a free-trade agreement with the European Union to be concluded within two years, Trade Minister Todd McClay says.

    Both parties have finalised their negotiating mandates while European Commission President Jean-Claude Juncker announced he is seeking approval to launch negotiations and then conclude the agreement by 2019.

    "It's extremely important the European Commission and New Zealand have completed this next step," Mr McClay said.

    He said an FTA would significantly boost trade with the EU.

    "Two-way trade with the EU is worth more than $20 billion a year and creates thousands of jobs and opportunities for every region and city of New Zealand," he said.

    Mr Juncker's announcement the EU wants to conclude its agreement with New Zealand and also Australia by 2019 means it could nip in ahead of the UK, Reuters reports.

    The UK has also been looking to set up trade deals with both countries but cannot negotiate its own agreements until it leaves the EU in March 2019.

    With the United States taking a more protectionist "America First" stance under President Donald Trump, the EU is seeking to capitalise by working with countries, like New Zealand, to set up new trade opportunities, according to Reuters.

    Before it joined the EU in 1973, Britain was New Zealand's biggest export market


    NZN




    © 2017 NZN, NZCity


     Other Business News
     26 Sep: NZ dollar falls on election uncertainty
     26 Sep: Kathmandu lifts annual profit 14pc
     26 Sep: Fonterra boss tops NZ's pay list
     26 Sep: Cockies' confidence falls but outlook OK
     26 Sep: Kiwi gains on euro, falls against yen
     26 Sep: Councils' gastro fund gets 37 applications
     25 Sep: Bali volcano: Evacuations continue as tremors suggest Mount Agung eruption imminent
     Top Stories

    RUGBY RUGBY
    Record loss won't define Springboks: coach More...


    BUSINESS BUSINESS
    NZ dollar falls on election uncertainty More...



     Today's News

    Environment:
    Bali volcano: Here's why the Earth will get a little cooler after Mount Agung erupts 23:17

    International:
    Donald Trump: Twitter refuses to delete President's North Korea tweet or ban him from platform 23:17

    Entertainment:
    Kevin Hart promised his fans he will be a "better man" on Saturday (23.09.17) 21:59

    Law and Order:
    Gloriavale man faces sex charges 21:57

    Entertainment:
    'Fuller House' bosses have "given up" asking Mary-Kate and Ashley Olsen to appear on the show 21:29

    Law and Order:
    Teens arrested after elderly woman robbed 21:17

    Entertainment:
    Perrie Edwards was rushed to hospital on Saturday (23.09.17) 20:59

    International:
    Li Cunxin and Marc Brew show Indonesia what Australian ballet is all about 20:47

    Entertainment:
    Nicole Richie has vowed to improve her gardening skills this year 20:29

    Entertainment:
    Jason Derulo's house has been burgled 19:59


     News Search






    Power Search


    © 2017 New Zealand City Ltd