Tuesday, 19 July 2016 10:55

Brexit assurances for NZ – McClay

Written by  Peter Burke
Trade minister Todd McClay. Trade minister Todd McClay.

Trade minister Todd McClay says he's received strong assurances that New Zealand's trade interests will not be adversely affected as a result of the Brexit vote.

McClay, in China for the G20 meeting of world trade ministers, met the EU trade commissioner Cecelia Malmström and other trade and economic ministers from Germany, France, Spain, Italy and the Netherlands. McClay says Malmström confirmed that NZ remains on track to negotiate an FTA with the EU.

"Considerable effort has been put in by both sides over the past few years as a high quality trade agreement is in all parties' interests," he told Rural News.

"We have a lot in common with the EU, including working toward further trade rules on agriculture, SMEs and services in the World Trade Organisation. This cooperation will continue, as will our access to the EU market, valued at $8.6 billion per year."
He says all parties spoke of the need for calm reflection and orderly discussions on trade.

McClay also met the UK trade minister, at the time Lord Price, and told him that NZ was interested in negotiating a two-party trade agreement with the UK once Britain was in a position to do so.

"Timing of a [two-party] agreement would depend on discussions the UK must first have with the EU, but we agreed it is in the interests of the UK and New Zealand to negotiate a high-quality agreement.... I have confirmed the NZ government will work with the UK on trade matters and look for opportunities to cooperate as soon as possible," he says.

At the G20 meeting McClay spoke to his counterparts from Argentina, US, Korea, Saudi Arabia, Indonesia, Mexico, Laos, Russia and China.

"The diversity of NZ trade means we are active in a wide range of markets. This meeting was an invaluable opportunity to progress our specific bilateral trade issues with these countries," he says.

More like this

Editorial: Elusive India FTA

OPINION: Without doubt, a priority of the Government this year will be to gain traction on the elusive free trade deal with India.

Times have changed

OPINION: Back in the 1960s and '70s, and even into the '80s, successive National government Agriculture Ministers and Trade Ministers were at the top of the cabinet rankings.

Tariff risk

OPINION: Some commentators across the ditch reckon the second Trump administration's anticipated trade protectionism, coupled with China's economic fragility, poses a significant risk for Australia's agricultural export industries.

Will Trump get involved in NZ's dairy dispute?

Canada's blatant manipulation of international trade rules around the export of subsidised dairy products is likely to escalate further with the new Trump administration now in the White House.

Featured

‘Nanobubble’ trial trims irrigation water usage

North Canterbury dairy farmer and recently-elected deputy chair of DairyNZ, Cameron Henderson, is enjoying a huge reduction in irrigation water use after converting a pivot irrigator to drag perforated drip tubes across the ground instead of elevated sprinkler heads.

Editorial: Elusive India FTA

OPINION: Without doubt, a priority of the Government this year will be to gain traction on the elusive free trade deal with India.

Sport star to talk at expo

Rugby league legend Tawera Nikau is set to inspire, celebrate and entertain at the East Coast Farming Expo's very popular Property Broker's Evening Muster.

National

Sweet or sour deal?

Not all stakeholders involved in the proposed merger of honey industry groups - ApiNZ and Unique Manuka Factor Honey Association…

Machinery & Products

Loosening soil without fuss

Distributed in New Zealand by Carrfields, Grange Farm Machinery is based in the Holderness region of East Yorkshire – an…

JCB unveils new models

The first of the UK’s agricultural trade shows was recently held at the NEC Centre in Birmingham.

» Latest Print Issues Online

The Hound

Times have changed

OPINION: Back in the 1960s and '70s, and even into the '80s, successive National government Agriculture Ministers and Trade Ministers…

Hallelujah moment

OPINION: The new Public Service Commissioner Sir Brian Roche has just had the hallelujah moment of the 21st century in…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter