News | Business
18 Nov 2017 6:28
NZCity News
NZCity CalculatorReturn to NZCity

  • Start Page
  • Personalise
  • Sport
  • Weather
  • Olympic Games
  • 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
     17 Nov: Japanese train company apologises for train leaving 20 seconds early in 'severe inconvenience'
     17 Nov: Govt ponders booming tourism sectors
     17 Nov: Protocol for fresh avocado export to China
     17 Nov: Closure of Kaikoura fishing area extended
     17 Nov: Weak sunscreens pulled from shelves
     17 Nov: NZ keeps top business spot
     17 Nov: Gisborne erosion control gets $7m funding
     Top Stories

    RUGBY RUGBY
    Woman tells of 'yelling and screaming' More...


    BUSINESS BUSINESS
    Japanese train company apologises for train leaving 20 seconds early in 'severe inconvenience' More...



     Today's News

    Entertainment:
    Kelly Clarkson thinks her weight “represents happiness” in her life 6:02

    General:
    Nigerian bobsled team will be country's first-ever Winter Olympics representatives 4:37

    Business:
    Japanese train company apologises for train leaving 20 seconds early in 'severe inconvenience' 23:07

    Politics:
    Online memes mock Indonesia's parliamentary Speaker Setya Novanto 22:57

    International:
    US campaign aims to raise money for bail fund by crowd-mining cryptocurrency 22:37

    Business:
    Govt ponders booming tourism sectors 21:57

    International:
    Why do robots need to do backflips? 21:17

    Health & Safety:
    Man suffering from scleroderma dies 21:17

    Entertainment:
    Noel Gallagher thinks his brother Liam is “obsessed” with him 21:02

    Entertainment:
    The Weeknd is reportedly back in touch with his ex-girlfriend Bella Hadid 20:32


     News Search






    Power Search


    © 2017 New Zealand City Ltd