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A Zoom call between Boris Johnson and Jacinda Ardern sealed a UK-New Zealand (NZ) trade deal on Wednesday, with Downing Street signaling the so-called agreement-in-principle is a major step towards a full free trade agreement.
Despite the deal having limited immediate economic value due to NZ’s relatively small population, the government stressed the post-Brexit measure will make it “significantly” easier for British businesses to sell services to the Oceanic country.
It is thought the deal will offer similar provisions on areas like business travel to the Australia agreement. In return, the UK has given NZ greater market access to agricultural products such as lamb.
British farmers swiftly rejected it as a result, despite the deal dramatically lifting the tariff-free amount of lamb meat which can be sold to the UK. They say they feel shut out of the detailed engagement in trade policy they were initially promised.
In a tweet this morning, the PM promised the deal would help both countries “build back better from the pandemic”.
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Parliamentary schedule for Thursday
Here’s a schedule for all sessions set to take place in Westminster today.
9.30am International trade questions
10.30am Urgent questions/statements, including business questions
Backbench business debates on (i) Cop26 and limiting global temperature rises to 1.5C (ii) World Menopause Month
A short debate on Black History Month
1.30pm UK’s Climate Progress: the Committee on Climate Change’s 2021 Progress Report
11am Introduction of Lord Sedwill
11.10am Oral questions, including questions to Brexit minister Lord Frost
12.15pm Skills and Post-16 Education Bill – report stage (day 2)
A short debate on Government plans to consult on measures to enhance the integrity of electoral processes
Sam Hancock21 October 2021 07:58
Johnson hails NZ trade deal as ‘next chapter in longstanding friendship’
Sam Hancock21 October 2021 07:53
UK secures trade deal with New Zealand
The UK has secured a trade agreement with New Zealand, the government has announced.
Sealed on a Zoom call between Boris Johnson and his Kiwi counterpart Jacinda Ardern on Wednesday, the so-called agreement-in-principle is a major step towards a full free trade agreement.
The deal is expected to offer similar provisions on areas like business travel to the Australia agreement, The Independent understands. Provisions easing travel requirements for contractual services suppliers who want to work in New Zealand’s market are a first for the country in any of its trade deals. In return, the UK has given New Zealand greater market access for agricultural products such as lamb.
Boris Johnson said the deal would cement a “long friendship with New Zealand” and noted that it followed the £9.7 billion in investment announced alongside Tuesday’s Global Investment Summit, reports our economics editor Anna Isaac.
Sam Hancock21 October 2021 07:52
Good morning, and welcome to The Independent’s rolling UK politics coverage. Stay tuned as we bring you reaction to the newly-announced UK-New Zealand trade deal, with international trade secretary Anne-Marie Trevelyan set to take questions in the House of Commons at 9.30am.
Sam Hancock21 October 2021 07:42