LONDON: England agreed to trade transactions with New Zealand on Wednesday, eliminating tariffs in various goods because Britain strives to expand economic relations throughout the world after leaving the European Union.
The agreement was cemented in a conference call between British Prime Minister Boris Johnson and his New Zealand colleague Jacinda Ardern, after 16 years of talk by negotiators.
Although trading with New Zealand only contributed 0.2% of British trade, England hoped to help open the door to membership in the Trans-Pacific trading partnership.
The partnership, which includes Japan, Canada, and Vietnam, has 8.4 trillion pounds ($ 11.6 trillion) in 2020.
“This is a great trade agreement for the UK, strengthening our friendship with New Zealand and advancing our relationships With Indo-Pacific, “said Johnson?” This will benefit business and consumers throughout the country, cut costs for exporters and open access to our workers.
” In New Zealand, where it was Thursday when the announcement came, Ardern said the agreement It is the best ever achieved by New Zealand and will increase the country’s economy of around 1 billion New Zealand dollars ($ 720 million) because it paves the way for more sales of wine, butter, cheese and beef.
“This is a historical agreement but substantial and Basically achieved a year, ” said Ardern.
“It has never been done before.” However, no longer a tariff.
British breeders expressed anxiety, together With the others signed with Australia earlier this year, it would mean significant additional volumes of imported food at the time of labor shortages and rising costs have hurt many British farmers.
“ This can ruin the continuity of many British farms in the coming years, for the public harm, who want more English food on their shelves, and to harm our rural communities and national agricultural landscapes, ” National Farmers Union.
The Minette president’s dough said.
“ Instead of repeating the refrain that this agreement will be good for British agriculture, our government now needs to explain how this agreement will be trusted by agriculture, the future of food production and the accompanying high standards on this beach, said Batters.
Asked whether the agreement meant New Zealand would be less dependent on China for its export, Ardern said that diversification would increase choice and resilience for its exporter.
Still there were some feelings injured in New Zealand after England joined what later became the European economic community in 1973, leaving many new Zealand exporters left behind.
Ardern said the new agreement meant that it might be time to draw a line under the historical period.
Some details of the agreement are still resolved, and officials expect it to take effect next year.
The Johnson conservative government has focused on negotiating free trade transactions throughout the world in an effort to increase economic growth after Brexit.
The biggest prize is a trade transaction with the United States, although the agreement with America looks far.