Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search

 


New Zealand eyes free trade deal with EU, Key says

New Zealand eyes free trade deal with EU, Key says

March 26 (BusinessDesk) - New Zealand and the European Union will look at ways to deepen their relationship, which may lead to a free trade deal, Prime Minister John Key says.

The EU, which covers 28 states in Europe, has opened the door for a free trade agreement for the first time, among options to deepen its trade and economic relationship with New Zealand to consider over the coming year. Key met with European Commission President Jose Manuel Barroso and European Council President Herman van Rompuy during the Nuclear Security Summit in The Hague.

“This is a significant development. We’ve always said a free trade agreement is the obvious next step,” Key said. “We’re not there yet, but the issue is now on the agenda – and that’s a step forward. We’re going to come back to this in 2015 to take decisions on what to do next.”

New Zealand lifted exports to the EU 3.7 percent to $4.72 billion in the year ended Jan. 31, while imports from the region rose 11 percent to $8.2 billion in the same period, according to government figures.

The EU will also upgrade its diplomatic mission in Wellington, New Zealand with its first resident ambassador.

The overtures come as New Zealand deepens its economic relations in Asia and China in particular. New Zealand is engaged in two pan-Asia free trade negotiations, the Trans Pacific Partnership and the Regional Comprehensive Economic Partnership.

(BusinessDesk)


© Scoop Media

 
 
 
 
 
Business Headlines | Sci-Tech Headlines

 

Prefu Roundup: Forecasts Revised, Surplus Intact

The National government heads into the election with its Budget surplus target broadly intact, delivering a set of economic and fiscal forecasts marginally revised from May to reflect weaker commodity prices and a lower tax take. More>>

ALSO:

Convention Centre: Major New SkyCity Hotel And Laneway For Auckland

Today SKYCITY Entertainment Group Limited revealed plans to build a new hotel and pedestrian laneway of bars, restaurants and boutique shopping on land it owns in the Nelson and Hobson Streets block, expanding the SKYCITY Entertainment Precinct. More>>

ALSO:

Igniting The Spark: Bringing The Digital Enabler To Life

Changing a name is, relatively speaking, the easy part of a re-invention. Changing a culture, getting all the ducks in a row, turning yourself inside-out to become customer-inspired is a much bigger challenge. More>>

ALSO:

Ebola And NZ: Targeted Screening At Airport But Risk Low

The risk of any cases of Ebola in New Zealand remains very low, but health and border authorities are well prepared... anyone arriving in New Zealand who in the last three weeks has visited countries affected will be screened for symptoms of the disease. More>>

ALSO:

Scoop Business: Brewer Seeking Crowd-Funding Cancels Shareholders’ Dividends

Shareholders in Renaissance Brewing company, the first business to seek equity through crowd-funding in New Zealand, have cancelled their claim on $147,000 of accumulated earnings “to make Renaissance a more attractive investment opportunity.” More>>

ALSO:

It's Spark Now:
Why Telecom Wanted To Change

New Zealand led the world when Chorus demerged from Telecom. It gave us a telecommunications industry structure where the network is completely separated from the products and services it delivers. The changes brought about a new market dynamic and it dramatically changed Telecom’s role. More>>

ALSO:

Glass Half Empty: Dairy Prices Fall To Lowest Since 2012

Dairy product prices slumped to the lowest level since October 2012 in the latest GlobalDairyTrade auction, paced by whole milk powder and cheddar. More>>

ALSO:

Get More From Scoop

 
 
Computer Power Plus

Standards New Zealand

Standards New Zealand
 
 
 
 
 
 
 
 
Business
Search Scoop  
 
 
Powered by Vodafone
NZ independent news