Mfat Free Trade Agreements

MFAT also meets with a large number of groups interested in trade policy. New Zealand`s overall objective in all free trade negotiations is to create a modern, high-quality, comprehensive, forward-looking, trade-oriented agreement that will facilitate the growth and development of our trade and investment relations with our trading partners. We therefore generally address a number of trade-related issues in the negotiations, including those listed below. A new partnership between New Zealand, Chile and Singapore will help New Zealand exporters and SMEs seize the opportunities offered by digital commerce. New Zealand is negotiating five free trade agreements, and another negotiation process is underway. (1) After negotiation (on a multilateral trade agreement or a “major bilateral trade agreement of particular importance”), the text of an agreement is finalized and the MFAT prepares a cabinet document and a national interest analysis (NIA). The NIA provides an objective analysis of the pros and cons of the agreement, including a summary of the consultation that took place. Other trade agreements (including the Public Procurement Agreement, the Environmental Goods Agreement and the Information Technology Agreement) New Zealand and the GCC countries are of course appropriate in terms of trade. The NZ-Malaysia Free Trade Agreement includes trade in goods and services as well as investments in one of our fastest growing export markets. Learn more about how we ensure that trade agreements do not prevent us from protecting the public interest. As we attempt to pursue New Zealand`s trade objectives through the World Trade Organization (WTO), which involve more than 160 economies, the WTO consensus process means that progress can be slow and agreements may not address the specific interests and issues of individual countries. Free trade agreements provide an additional way to advance our trade interests. A free trade agreement with the EU will benefit Maori businesses while protecting their rights.

With the large and growing population of Malaysia, there are many opportunities for growth and our free trade agreement is helping to pave the way. The agreement offers importers and exporters more than previous commitments of the ASEAN Australia New Zealand Free Trade Agreement (AANZFTA). MFAT is leading negotiations on New Zealand`s Free Trade Agreement (FTA). Free trade agreements open up market opportunities, streamline processes, reduce costs and create more security and security for companies operating abroad. They help New Zealand companies become more competitive and stay in overseas markets. How we negotiate free trade agreements and why they are important to New Zealand. Participation in the negotiations does not necessarily mean that New Zealand will ratify the resulting trade agreement. New Zealand will not be able to carefully consider the full regulatory impact of a trade agreement until after the conclusion of negotiations, and the full form of commitments is known. This is covered as part of the expanded NIA. For each trade agreement, a summary of the consultation that took place is included in a National Interest Analysis (NIA) published on the MFAT website. The NIA will be created at the end of trade negotiations and the results can be analysed. A recent example is the National Interest Analysis [PDF, 2.2 MB] for the comprehensive and progressive Trans-Pacific Partnership.

New Zealanders are invited to public meetings to learn more about our trade negotiation agenda. New Zealand is negotiating a free trade agreement with the European Union, one of the world`s largest trading companies. We want a modern, quality agreement. A free trade agreement focuses primarily on economic benefits and the promotion of trade between countries by making it more efficient and profitable.

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