Eleven countries — Cook Islands, Fiji, Kiribati, Nauru, Niue, Papua New Guinea, Samoa, Solomon Islands, Tonga, Tuvalu and Vanuatu — have so far ratified PICTA. Two-way trade between New Zealand and the EU (excluding the UK) is worth NZ$18 billion annually. Commissioner for Trade Cecilia Malmstrom and New Zealand… "The negotiations will aim at removing barriers to trade in goods and services, as well as developing trade rules to make trade easier and more sustainable," the commission said. Our negotiators will preserve the unique status of the Treaty of Waitangi. The European Union is a close and like-minded partner for New Zealand. Read our analysis on Senator Elizabeth Warren’s plan here and former representative Beto O’Rourke’s The Pacific Island Countries Trade Agreement (PICTA) is an FTA on trade in goods among 14 members of the Pacific Islands Forum. In the negotiations formally launched by Commissioner Malmström and New Zealand Trade Minister David Parker on 21 June 2018 in Wellington, both sides are aiming for an ambitious and modern deal covering all aspects of the trade … Eight negotiating rounds have been held since the formal launch of FTA negotiations in June 2018. 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. This will help level the playing field with New Zealand's competitors in the EU. 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. On 13 September, the European Commission presented two recommendations to the Council to launch negotiations for trade agreements with New Zealand and Australia, together with the respective draft negotiating directives. 3. 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. Since 2015, the Commission has been preparing the ground for a free trade agreement (FTA) with both countries. 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 Closer Economic Partnership Agreement with Thailand was negotiated in 2004 and implemented in 2005. New Zealand is negotiating a free trade agreement with the European Union, one of the world's largest trading entities. The original TPSEP agreement contains an accession clause and affirms the members' "commitment to encourage the accession to this Agreement by other economies". On this basis, EU trade agreements can continue to apply to the UK. We seek an agreement that increases opportunities and reduces barriers for Māori businesses in one of the world’s biggest markets. On 26 October 2017 the European Parliament adopted two resolutions in which it called on the Council to authorise the Commission to start negotiations for trade and investment agreements with Australia and with New Zealand. The EU includes four of New Zealand’s top 20 trading partners – Germany, France, Italy and the Netherlands. We want to hear more of New Zealanders' views throughout the FTA process. Above, NZ-owned Moaburger in Poland. Both parties share a commitment to the same fundamental values, such as respect for human rights, democracy and the rule of law. Once an agreement is reached, it will be released for public scrutiny, as will a National Interest Analysis. 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). Throughout negotiations, we are committed to safeguarding our ability to regulate and decide what is best for New Zealand. It represents about 35% of the region's GDP and has the largest population (264 million inhabitants in 2017). New Zealand's membership of the WTO gives us a voice and a vote in global free trade negotiations. New Zealand and Australia are also partners, as are Indonesia, Thailand and Vietnam in Southeast Asia. Negotiations on a trade agreement with Thailand were launched in March 2013 and four rounds took place until April 2014. Our young people keep up a contemporary connection through study, travel and working holiday schemes with many European countries. Following that, Commissioner Malmström and Minister Parker launched the negotiation in June 2018. 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 … More information about the SIAs and how to contribute to them: Australia – New Zealand. These are the foundation for our modern relationship with the European Union. trade topics; doha agenda; negotiating groups; Groups in the negotiations. The agreement will also undergo parliamentary treaty examination and will enter into force once it has been ratified by Parliament. New Zealand is currently in negotiations with the European Union (EU) over a potential Free Trade Agreement (FTA). Initial text proposals tabled by the EU side, Last update: The European Union has launched negotiations for a comprehensive and ambitious trade agreement with New Zealand. We’ll be providing a summary of the outcome of each round as negotiations progress. Bilateral trade in goods between the two partners has risen steadily in recent years, reaching almost €8.7bn in 2017. Joint discussions on the scope of negotiations followed. 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. Regional and bilateral free trade agreements have become an important part of New Zealand's international trade policy. Making an agreement work for small and medium enterprises is a priority for New Zealand's negotiators. In the conclusions it adopted in October 2019, the Council stressed the importance of taking steps towards the resumption of negotiations on an ambitious and comprehensive trade agreement … 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. We're aiming for a high-quality, comprehensive agreement with the EU’s 27 member states. An EU-NZ FTA will support the growing services and digital sectors, helping businesses of all sizes to trade. The FTA will aim to provide more access and certainty for trade in services sectors like private education, ICT, professional services and transport. We want an agreement that lowers costs for consumers, making things like food and consumer goods cheaper for New Zealanders. MEMBER INFORMATION. This consultation closed on 19 March 2019. New Zealand | Brussels, 21 June 2018. Last updated December 2020. As more candidates release their detailed trade plans, the Scholl Chair will write similar in-depth analyses. These groups often speak with one voice using a single coordinator or negotiating team. EU-Japan: Council adopts decision to sign trade agreement (press release, 06/07/2018) Council to start trade talks with Australia and New Zealand (press release, 22/05/2018) New architecture of trade agreements. MEMBER INFORMATION: New Zealand and the WTO - This page gathers key information on New Zealand's participation in the WTO. It has opened up significant trade and economic opportunities and has been a catalyst for closer cooperation across a number of areas. For instance, New Zealand kiwifruit company Zespri partners with Italian growers to help supply global markets all year round. Partnering with European Union countries represents a huge opportunity for New Zealand exporters, opening up a market with a combined population of half a billion people who consume about 13 per cent of our overall exports. 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 negotiations with Australia and New Zealand will demonstrate that likeminded, developed partners can negotiate high quality - agreements that are mutually beneficial. Country (Region) Agreement Status; Bahrain : Free Trade Agreement: Negotiations started in 1990, suspended since … Trade and Export Growth Minister Damien O'Connor told RNZ he did not expect any more tariffs. The EU has launched negotiations for a trade agreement with New Zealand. Last updated December 2020. The UK has left the EU. 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. Reports. New Zealand is opposed to ISDS. It was signed in 2001. The United States and New Zealand have a … When the UK left, the EU had about 40 trade … 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. This is the third in a series on 2020 presidential candidates and their trade policies. 4. New Zealand is negotiating a free trade agreement with the European Union, one of the world's largest trading entities. New Zealand formally proposed an FTA with the European Union in 2009. 1. The free trade agreement is a success story for both countries. New Zealand Prime Minister, meets with German Chancellor Angela Merkel in 2018. Agreement pending Status; Argentina Mercosur Association Agreement ... New Zealand: New Zealand Agreement: Negotiations launched in 2018: Philippines: Free Trade Agreement: Negotiations launched in 2015 : Top of list; Agreements on hold. As with our other free trade agreements, we will preserve the unique status of the Treaty of Waitangi. Background. New Zealand has used free trade agreements also known as closer economic partnerships to liberalise trade between economies. The Department for International Trade is preparing for possible negotiations with New Zealand after the UK leaves the EU on 29 March 2019. New Zealand is a party to a number of completed free trade and investment agreements. 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. However it is essential that any liberalisation of the registration process provides 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. The UAE has always looked to strengthen its trade and economic relations with other nations on basis of mutual benefits and strategic partnership. New Zealand shares history and values with Europe. No further FTA negotiating rounds have been scheduled. The negotiations aim overall to reduce barriers to trade, goods and services and procurement. 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). 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 | Brussels, 21 June 2018. New Zealand has been a WTO member since 1 January 1995 and a member of GATT since 30 July 1948. Sort by status, notification to the WTO, type (either bilateral or … However it is essential that any liberalisation of the registration process provides A monitoring database on Free Trade Agreement developments with Asia Pacific economies. Trade links foster mutually beneficial cooperation. These agreements reduce barriers to trade, including tariffs and import quotas, to build strong cooperation in the … Launch of negotiations . Public consultations since late 2017 have included discussions on the EU-NZ FTA. We want an FTA that promotes adherence to environmental and labour standards, better living conditions for New Zealanders and sustainable and progressive economic growth. We will also seek to reduce the costs of non-tariff barriers both at and behind the border. 27 Nov 2020 | The EU has issued a notification to third c… Negotiations were formally launched in June 2018 and the first round of talks took place in July 2018 in Brussels. We work together in a wide range of areas, from development in the Pacific, to scientific collaborations, to countering security threats like terrorism and cyber-crime. Our work with the WTO. New Zealand already enjoys a number of bilateral trade cooperation agreements with the EU. Our services exports are mainly tourism and transportation services. The EU and New Zealand on Thursday launched negotiations for a "comprehensive and ambitious" trade agreement, the European Commission said in a statement. New Zealand is a trade dependent economy, distant from export markets, and we’re a firm supporter of free and open trade. Today, in the capital of New Zealand, Wellington, Commissioner for Trade Cecilia Malmström and New Zealand’s Minister for Trade David Parker officially launched talks for a comprehensive and ambitious trade agreement. 5. On 13 September, the European Commission presented two recommendations to the Council to launch negotiations for trade agreements with New Zealand and Australia, together with the respective draft negotiating directives. We want to ensure this FTA works for companies of all sizes, big and small. EU and NZ leaders announced their intention to negotiate an FTA in October 2015. ... MFAT leads New Zealand's negotiations for high quality, comprehensive free trade agreements. Public engagement on trade New Zealanders are invited to public meetings to learn more about our trade negotiation agenda. Overall, 11% of our total trade in goods and services is with the EU. SIA in support of free trade agreement (FTA) negotiations between the European Union and Australia, and between the European Union and New Zealand. Indonesia is the largest economy in the Association of Southeast Asian Nations (ASEAN). 2. Former vice president Joe Biden is the third major candidate to do so at length. New Zealand and the WTO. > See the groups ordered by country > See a visual representation of how the agriculture groups … The UK … 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. Our main goods exports to the EU are wine, fruit and meat. As in every FTA negotiation, New Zealand will seek comprehensive liberalisation of all goods that we trade with the EU within commercially meaningful timeframes. This page gathers key information on New Zealand's participation in the WTO. New Zealand is in negotiations to conclude five free trade agreements, with another process towards negotiations underway. The EU has launched negotiations for a trade agreement with New Zealand. On 13 September, the European Commission presented two recommendations to the Council to launch negotiations for trade agreements with New Zealand and Australia, together with the respective draft negotiating directives. Originally scheduled to take one week, it was eventually extended by almost another week to enable … A number of countries have formed coalitions in the WTO. He said New Zealand was in trade negotiations with both the UK and EU. 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 is looking for New Zealand to recognise and protect these names as GIs. We are now able to negotiate, sign and ratify new trade agreements. EU and New Zealand launch trade negotiations. Above, members of the NZ Defence Force perform a haka beneath the Arc de Triomphe, Paris. European Union (EU)-New Zealand free trade agreement. The UK has left the EU. 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. This provision will be consistent with all of New Zealand’s recent FTAs. New Zealand imported $3.3 billion in services and $11.5 billion in goods from the EU (including the UK) in 2019. We want an FTA with Europe that reduces the costs our businesses face at the border by removing tariffs (import duties) and other barriers. We're aiming for a modern, high-quality agreement. Anyone with an interest in this agreement, including Māori, NGOs, businesses and members of the public, is welcome to submit questions or feedback to the Ministry of Foreign Affairs and Trade. These agreements pave the way for negotiations on a free trade agreement (FTA) between the EU and New Zealand. Zealand, to the United States on March 25-28 of pursuing a bilateral free trade agreement with New Zealand. Mexico is a trading partner with more than 50 countries, with agreements reaching into Europe, South America and Africa. You can read more about our objectives here. Draft Final Report (Australia) - December 2019 Annexes - December 2019 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). 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. 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. The UK’s priority is to launch negotiations with the US, Australia and New Zealand. 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. EU-New Zealand Trade Agreement negotiations. 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. Trade agreements. New Zealand has longstanding historical, cultural, political and economic ties to Europe. Before Brexit, the UK was automatically part of any trade deal the EU reached with other countries. In 2017/2018 both sides finalised their mandate for negotiations. 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. New Zealand has been a … These are some of the most active groups in the WTO. Trade negotiators from New Zealand were in Brussels from 16 to 20 July 2018 for the first round of negotiations for a trade agreement with the EU. (Australia and New Zealand are excluded.) Many New Zealanders have whakapapa (ancestry) connections to European countries. Brunei, Chile, Singapore and New Zealand are parties to the Trans-Pacific Strategic Economic Partnership Agreement (TPSEP), which was signed in 2005, and entered into force in 2006. 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