UK "closing in on agreement" with New Zealand in trade talks – Truss

(Alliance News) - The UK is "closing in on an agreement in principle" in trade talks with New ...

Alliance News 31 July, 2021 | 11:16AM
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(Alliance News) - The UK is "closing in on an agreement in principle" in trade talks with New Zealand, UK International Trade Secretary Liz Truss has said.

She said "great progress" has been made in the sixth round of talks between the two countries which ran from July 19-30.

The prospect of a deal with Australia has prompted controversy, with many British farmers raising concerns about being undercut and some members of Parliaments questioning how environmentally friendly it is to ship food to and from the other side of the world.

The UK Department for International Trade said deals will not be signed that compromise high environmental protections and food standards.

It said a free trade agreement could see the removal of tariffs on UK and New Zealand goods, reducing costs for consumers and opening up access for UK services and investment.

Truss said the deal is also "an important step" towards joining the Comprehensive & Progressive Agreement for Trans-Pacific Partnership, a GBP9 trillion free trade area of 11 Asia-Pacific nations.

The International Trade secretary said: "We made great progress in our trade talks with New Zealand this week.

"We're closing in on an agreement in principle, with six more chapters now complete. The UK and New Zealand share core values, a long history and a commitment to free trade. I want a modern agreement that pushes new frontiers in areas like green and digital trade.

"This deal is also an important step towards joining the CPTPP: a high-standards agreement covering half a billion people across four continents.

"Membership would open up new opportunities for our Great British businesses, farmers and services, giving them access to some of the largest and fastest-growing markets in the world."

By Ben Hatton, Press Association

source: PA

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