TRADE: EU and New Zealand launch negotiations

Today,Commissioner for Trade Cecilia Malmström and New Zealand’s Minister for Trade David Parker officially launched talks for a comprehensive and ambitious trade agreement.

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. In the capital of New Zealand, Wellington, Commissioner Malmström said: “Today is an important milestone in EU-New Zealand relations. Together, we can conclude a win-win agreement that offers benefits to business and citizens alike. Trade agreements are about economic opportunities but they are also about strengthening ties with our close allies. In New Zealand, we know that we have a partner who stands up for the same vital values as us. This agreement is an excellent opportunity to set ambitious common rules and shape globalisation, making trade easier while safeguarding sustainable development. We can lead by example.” New Zealand is one of the world’s fastest-growing developed economies. The EU is New Zealand’s third biggest trade partner. The agreement could increase trade in goods by almost 50%. The first formal round of talks will take place in Brussels from 16 to 20 July. Today’s announcement follows start of negotiations with Australia earlier this week. For more information see the press release, videos and photos from the Commissioner’s visit to New Zealand, including from the press conference with Minister Parker, factsheet, exporters’ stories, and a dedicated website.