UK ‘closing in on’ placing free commerce settlement with New Zealand, Liz Truss says | Politics Information

The UK is “closing in on” placing an settlement in precept with New Zealand, the worldwide commerce secretary has stated.

Liz Truss stated “nice progress” had been made within the sixth spherical of discussions between the 2 sides, which befell from 19 to 30 July.

“We’re closing in on an settlement in precept, with six extra chapters now full,” she stated.

“The UK and New Zealand share core values, an extended historical past and a dedication to free commerce.

“I need a fashionable settlement that pushes new frontiers in areas like inexperienced and digital commerce.”

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UK appears to the Pacific for post-Brexit commerce

The Division for Worldwide Commerce (DfIT) stated an settlement might take away tariffs on items, decreasing prices for shoppers and facilitating entry for UK companies and funding.

Ms Truss added {that a} take care of New Zealand would signify an “essential step” in the direction of the UK changing into part of the Complete and Progressive Settlement for Trans-Pacific Partnership, a £9trn free commerce space of 11 Asia-Pacific nations.

“Membership would open up new alternatives for our Nice British companies, farmers and companies, giving them entry to among the largest and fastest-growing markets on the earth.”

The prospect of a commerce take care of New Zealand comes after an settlement was struck between the UK and Australia final month.

It was the primary commerce pact negotiated from scratch after Brexit.

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Quotas for visas: What’s within the UK-Australia commerce deal?

Boris Johnson hailed the deal as a “new daybreak” within the UK’s relationship with Australia that will make a spread of products cheaper to promote, however farming teams had raised considerations about being undercut and warned that it might imperil livelihoods.

The DfIT stated environmental protections and meals requirements won’t be compromised in pursuit of free commerce agreements.

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