You are using an older browser version. Please use a supported version for the best MSN experience.

NZ hopeful about NZ-UK trade dialogue

NZ Newswire logoNZ Newswire 21/01/2017
New Zealand Minister of Trade Todd McClay. © Fiona Goodall/Getty Images New Zealand Minister of Trade Todd McClay.

Trade Minister Todd McClay says he agreed on the next steps for the newly established NZ-UK Trade Policy Dialogue in talks with his UK counterpart at Davos.

Mr McClay met UK's Secretary of State for International Trade Liam Fox at the World Economic Forum in Switzerland.

"This is an important day for trade relations between our two countries as the Trade Policy Dialogue will ensure there is no disruption to trading conditions as a result of Britain leaving the European Union," Mr McClay says.

Mr McClay has offered to host a dialogue meeting in New Zealand when Mr Fox visits in the first half of this year.

In October the two ministers agreed to establish the bilateral Trade Policy Dialogue, to complement the existing UK-New Zealand Strategic Dialogue on foreign policy

New Zealand has signalled its interest in a free trade agreement with the UK when they are in a position to negotiate one independently of the European Union.

In the meantime, the Trade Policy Dialogue is designed to develop a better understanding of one another's trade interests.

The Trade Policy Dialogue occurs at senior officials' level and will cover market access and trade policy issues of mutual interest, including WTO processes and current and prospective negotiations. Talks will be held roughly every six months.

"Preferential access to high value export markets is important for New Zealand's strong economic performance. An ongoing focus on promoting fairer trade and investment rules is key to our prosperity as a nation and the Trade Policy Dialogue will be a part of this," Mr McClay says.

image beaconimage beaconimage beacon