The proposed New Zealand trade agreement with the EU is expected to strengthen economic ties between the whole Commonwealth and the European single market and has the potential to bring indirect benefits in trade followed the British exit from the EU, UK and USA.
Christian rose — the ongoing negotiations leaving the UK take an unexpected twist in the form of incipient economic rapprochement between the EU and the UK-at the head of the Commonwealth — former name British Commonwealth of Nations, which includes part of the former British Empire.
The warming of relations is an initiative of New Zealand, which is pushing for the trade deal with the EU, while after the British exit from the EU, the UK aims to increase trade and economic cooperation from across the Commonwealth — including New Zealand.
The Prime Minister of New Zealand Jacinda Ardern proposed progressive trade deal with the EU earlier this week, which would include provisions on the free bilateral trade. Prime Minister Ardern also rejected push in the UK for the strengthening of ties within the Commonwealth, and in the “long term aspiration”.
“I believe that the EU-New Zealand FTA presents an opportunity for agreement that is a model for progressive and inclusive trade”, – said the Prime Minister, the KIWI said after a bilateral meeting with the President of France Emmanuel macron.
The labour party ardern won an incredible victory in last year’s General elections, the formation of the government after two right-wing parties — national and NZ first failed to form a ruling coalition. Its leftist and globalist leanings are not supported by some members of the conservative and Unionist government in the UK, and the feeling is mutual.
New Zealand is a major exporter of agricultural products and sees the prospect of free trade with the industrialized EU North very useful.
However, New Zealand and liabilities to the Commonwealth as well, meaning his close relationship with the EU will inevitably push the entire Commonwealth, including the UK closer to the EU.
“Nothing is certain, there will always be a place for these things to move, but I will certainly move away from this visit much more than may when I went to” PM Ardern said after a meeting with German Chancellor Angela Merkel.
The parties also confirmed their mutual commitment to advancing free trade negotiations.
For its part, France also expressed support for the EU’s new trade deals Zealand. Joint written statement by the President Makron and PM Ardern included commitments to strengthen bilateral trade and emphasized that the heads of States are “natural partners” that would educate “a new generation of trade deals.”
Ironically, professional endeavours in New Zealand coincided with the US President’s proposal of Donald trump that the U.S. can return to the negotiating table on the TRANS-Pacific partnership (TPP) that New Zealand will become a part of. The proposal of the President trump had endorsed both Japan and Australia — two other prominent members of the CCI.
Meanwhile, we may be close to striking a bilateral trade agreement with European partners, including France and Germany. The latter seeks exclusion from tariffs for industrial President of the trump of metals and can make certain concessions on its huge positive trade balance is a source of anxiety for the President of the trump.
These recent developments are somewhat contrary to the perception of the global trading environment is becoming more protectionist in the Wake of the policy of leaving the UK and President of the trump in the US. The international trading system, is moving closer to a radical reform that will solve the global trade landscape for decades.
The final results of the intensification of negotiations all over the world — who could imagine that New Zealand-EU trade partnership only two years ago, it is expected that the biggest changes in international trade architecture.
Could such changes will be beneficial for global economic growth and economic development, and whether a new global trading system is fair to all stakeholders, remains unclear.
Sourse: sputniknews.com
