Tuesday, 25 October 2016 11:22

EU—NZ agreement on non-tariff trade barriers

Written by 
Trade Minister Todd McClay. Trade Minister Todd McClay.

Trade Minister Todd McClay and EU Trade Commissioner Cecilia Malmström have agreed on the importance of working in the World Trade Organisation (WTO) towards reducing non-tariff barriers (NTBs), and reform of domestic support in agriculture.

"Commissioner Malmström and I are committed to progressing these important issues in Geneva as part of preparations for the next WTO Ministerial Conference in 2017," say McClay.

The discussion took place in Oslo, Norway this weekend in advance of the WTO mini-ministerial meeting.

"Consensus is developing amongst some WTO members on these issues, which are significant priorities for New Zealand. Much work remains, however, before a credible outcome can be expected.

"For New Zealand, NTBs and domestic support in agriculture remain issues that distort trade - and therefore need to be dealt with. With agreement to remove agricultural export subsidies at the end of last year we've seen some progress, however my strongly held view is that much more must be done. This can only be properly addressed in the WTO.

"I welcome New Zealand and the European Union working together in the WTO and in continuing to work together to strengthen our trading relationship.

"The Commissioner confirmed to me that EU progress towards an FTA with New Zealand remains on track and that she did not expect Brexit to be an obstacle to the launch of negotiations.

"We have recommitted to work constructively together towards the launch of negotiations,” says McClay.

Two-way trade between NZ and the EU is around $20 billion each year. This includes $5.5 billion of trade with the United Kingdom.

More like this

Editorial: We are Trumped

OPINION: Nothing it seems can be done in the short term to get Donald Trump to change his mind about removing the unfair 15% tariffs that he’s imposed on New Zealand exports to the US.

Farmers urged to prepare as heavy rain looms

With adverse weather set to rain down on the Top of the South, the Bay of Plenty and parts of Northland, Agriculture Minister Todd McClay says farmers, foresters, and growers need to prepare for possible challenges.

Featured

Editorial: We are Trumped

OPINION: Nothing it seems can be done in the short term to get Donald Trump to change his mind about removing the unfair 15% tariffs that he’s imposed on New Zealand exports to the US.

National

Machinery & Products

» Latest Print Issues Online

The Hound

Wrong focus

OPINION: Your old mate reckons townie Brooke van Velden, the Minister of Workplace (or is it Woke Place) Relations is…

Burn the village

OPINION: There's an infamous term coined by a US general during the Vietnam war, specifically in reference to the battle…

» Connect with Rural News

» eNewsletter

Subscribe to our weekly newsletter