Eu Trade Agreement 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. “We agreed that the greatest risk to European industry… Fair competition, which is why the same conditions of competition in our trade policy will be very important,” Dombrovskis said last month at an event with Altmaier. Levelling the conditions of competition should not mean a reduction in our own standards; It`s about taking everyone else to a higher level,” he added. The EU and New Zealand have also negotiated a number of sectoral agreements aimed at facilitating access to the other party`s markets and reducing exporters` costs. Notable examples are agreements on veterinary standards, horizontal air services and mutual recognition of standards and certifications. Consultations with senior officials on trade, agriculture, fisheries and science and technology take place each year alternately between Brussels and Wellington. Consultations and exchanges of information are also taking place in areas such as climate change, development assistance and humanitarian aid. According to the impact assessment, trade between New Zealand and the EU could increase by 36%; Trade in goods could increase by 47%, while trade in services could increase by 14%. The plan has recently gained momentum in the EU`s three legislative bodies – the European Commission, Parliament and the Council – and lawmakers now say the upcoming EU-Wellington trade deal will contain more enforceable green rules. Brussels believes that this southern hemisphere agricultural force package is the ideal starting point, as New Zealand Prime Minister Jacinda Ardern, who returned to power last month with a landslide victory, is already in favour of greener trade deals.

Until the end of the transition period (currently 31 December 2020), the UK will remain in the EU, including the European internal market and customs union, and NZ trade will not change. In a major reversal of the EU`s old trade orthodoxy, Dombrovskis said he agreed that future trade agreements should have applicable sustainability rules. “The implementation and implementation of [sustainable development rules] should be strengthened and I agree that implementation is not strong enough at the moment,” Dombrovskis said during his parliamentary hearing. While it remains unclear what these new chapters will be on the environment, it is likely that they will focus on some concrete commitments, such as the implementation targets of the Paris climate agreement and the ratification of the fundamental standards of the International Labour Organization, instead of broader commitments that would be more difficult to implement, said a Commission official.