Minister welcomes commitment to strengthen bilateral trade

Minister for Trade and Export Growth David Parker welcomed United Kingdom Secretary of State for International Trade Liam Fox today in Wellington.

“Secretary Fox and I have had an opportunity to discuss a range of issues of shared interest and to reflect on the areas of our bilateral trade relationship where we may be able to do more” says Mr Parker. 

Minister Parker and Secretary Fox expressed commitment to maintaining maximum certainty and stability in bilateral trade and investment conditions as the UK prepares to leave the EU. This would include a seamless transition of the regulations governing bilateral trade and ensuring New Zealand will not be worse off in its access to the UK market as a result of the UK exiting the EU. 

“The United Kingdom and New Zealand have a long-standing, deep and close relationship that is grounded in our shared history, values, institutions, and traditions. 

“We are close trading partners, and maintain an ongoing dialogue to discuss trade issues, including the implications of Brexit for our existing and future trade and economic relationship” says Mr Parker.

Secretary Fox and Minister Parker discussed working closely together to identify new opportunities to advance the bilateral trade and economic relationship, including laying foundations to progress towards a comprehensive, modern, high quality free trade agreement once the UK has left the EU.

They also discussed respective approaches to ensuring all citizens share in the benefits from international trade, including by promoting regional development and providing opportunities for businesses of all sizes.

The United Kingdom is New Zealand’s fifth largest trading partner (goods and services combined), and sixth largest export market for merchandise goods.

Link to Joint Statement https://www.mfat.govt.nz/assets/Trade/UK-NZ-Trade-Joint-Statement.pdf

Media Contact: Mark Sleeman 029 771 0105