Uk New Zealand Trade Agreement

„We have taken another step towards a comprehensive trade agreement to promote trade and investment between our like-minded economies. The reasons why Switzerland should be concerned that trade with the UK after Brexit is acting in accordance with WTO rules would apply to most of the products that British companies send to the EU. This would make British goods more expensive and more difficult to sell in Europe. The UK could also do so for EU products if it so wishes. However, in addition to discussions on a trade agreement with the EU, it has begun trade negotiations with a number of countries outside the bloc. Trade between the UK and the EU will change. From a customs point of view, the United Kingdom is treated as a „third country“ whether or not a trade agreement is concluded. This means that exports between the EU and the UK require customs declarations, formalities and controls as well as customs duties paid. This can have an impact on NZ businesses trading between the UK and the EU.

„DIT is focused on securing free trade agreements, which guarantee benefits for every region and nation in the UK, and talks are ongoing.“ In June, the British government announced its intention to join the Comprehensive and Progressive Agreement for the Trans-Pacific Partnership (CPTPP), a free trade agreement involving 11 Asia-Pacific countries, including Canada, Australia, Japan, Vietnam and New Zealand. New Zealand Customs – including our london and Brussels-based advisers – is working closely with the UK government as well as the European Commission and EU countries to facilitate trade during Brexit and to keep pace with Brexit. Britain will leave the EU customs union on 31 December and leave it free to enter into trade deals with countries outside the bloc. It is currently negotiating a trade agreement with Brussels, while pursuing agreements around the world, including with the United States and Japan. Peters said the UK`s EU membership was not „fit“ to negotiate its own agreements around the world. However, the EU does not yet have a free trade agreement with New Zealand, although talks between the two sides began in June 2018. The UK says it wants to join a free trade agreement involving 11 Asia-Pacific countries. The UK hopes to conclude an agreement by the end of August that will replace the existing EU agreement with Japan, which came into force last year. Learn more about the negotiations on the EU-New Zealand Free Trade Agreement.