EU-New Zealand free trade agreement

European Parliament - EPRS Policy podcasts

European Parliament Webmaster

Government & Organizations, Non-profit

4.8 • 13 Ratings

🗓️ 8 December 2023

⏱️ 7 minutes

🔗️ Recording | iTunes | RSS

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Summary

On 30 June 2022, Commission President Ursula von der Leyen and then New Zealand Prime Minister Jacinda Ardern announced the conclusion of negotiations on a comprehensive EU-New Zealand free trade agreement (FTA). The agreement was signed on 9 July 2023. Although the 2014-2019 Commission had initially aimed to finalise negotiations before the end of its mandate, both sides raised several sensitive issues during negotiations, not least because New Zealand is a major and competitive producer and exporter of agricultural goods. The EU committed to taking European agricultural sensitivities fully into consideration in its negotiating strategy.

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Transcript

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0:00.0	Welcome to the European Parliamentary Research Service podcasts.
0:05.3	In this podcast, we'll delve into the future trade agreement between the EU and New Zealand
0:10.5	and see what's in it for European citizens and companies. Want to know more? Stay with us.
0:18.6	Today is a historical day for our bilateral relationship.
0:23.2	Our high-quality FTA breaks new ground and sets new precedence in international trade rules.
0:30.2	It comes at a time when protectionist voices are on the rise, questioning the essence of trade.
0:36.8	This, coupled with the uncertainties we face geopolitically, speaks to the essence of trade. This, coupled with the uncertainties, we face geopolitically,
0:40.9	speaks to the heart of our FTA, which is about value and also values. This was Damien O'Connor,
0:48.8	New Zealand's Minister for Trade, right after signing a new trade agreement with the EU in July
0:53.8	2023. It took both parties,
0:56.8	four years and over 12 negotiating rounds to get there, but finally a result they could bring
1:02.0	back home proudly. Let's hear the European Commissioner for Trade, Valdis Dombrovskis.
1:07.7	Ambitious trade deals like this one with reliable and like-minded partners are more valuable
1:13.0	than ever.
1:14.1	This brings us closer to our partners, driving opportunity while providing a solid platform
1:20.3	for cooperation, including on economic security and multilateral reform.
1:26.0	The EU and New Zealand are already important trade partners.
1:30.8	In 2022, their bilateral trade in goods reached 9.1 billion euros.
1:36.2	And for New Zealand, the EU is the third largest trade partner after China and Australia.
1:42.3	In comparison, New Zealand is only the EU's 49th largest trading partner, but we import
1:47.8	a lot of their agricultural products, such as sheep and goat meat, but also fruit and wine.
1:54.2	That's why the EU committed to paying special attention to European agricultural sensitivities
	...

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