Log in
E-mail
Password
Show password
Remember
Forgot password ?
Become a member for free
Sign up
Sign up
New member
Sign up for FREE
New customer
Discover our services
Settings
Settings
Dynamic quotes 
OFFON
News: Latest News
Latest NewsCompaniesMarketsEconomy & ForexCommoditiesInterest RatesBusiness LeadersFinance Pro.CalendarSectors 
All NewsEconomyCurrencies & ForexEconomic EventsCryptocurrenciesCybersecurityPress Releases

UK 'closing in' on free trade agreement with New Zealand

07/31/2021 | 04:54am EDT
State Opening of Parliament at the Palace of Westminster, in London

(Reuters) -Britain is nearing an agreement in principle on a free trade deal with New Zealand, its trade ministry said on Saturday, as London looks to bolster its post-Brexit trade ties with non-EU partners.

The European Union is Britain's single largest trade partner and the two sides have signed a post-Brexit trade pact, but business groups say they still face extra red tape dealing with European customers and suppliers as a result of Brexit.

Trade minister Liz Truss said that "great progress" had been made in a sixth round of discussions which ran from July 19-30.

A trade agreement with New Zealand could see the removal of tariffs on British and New Zealand goods making products available at lower prices, the ministry said.

A deal would also enable small and medium enterprises to export more goods and services to New Zealand, it added.

"We're closing in on an agreement in principle, with 6 more chapters now complete," Truss said.

In June Britain received a green light to start the process of joining the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) trade bloc of 11 countries.

In June Britain's trade ministry also signalled confidence in its trade talks with New Zealand and said it aimed to conclude a "fantastic" agreement in August.

(Reporting by Akriti Sharma and Aakriti Bhalla in Bengaluru; Additional Reporting by Aishwarya Nair in Bengaluru; editing by Richard Pullin and Jason Neely)


ę Reuters 2021
Latest news "Economy & Forex"
05:48pômy life has been turned upside down, it was a disruptive time for me,ö huawei cfo meng wanzhou says after canada court ends her extradition hearing
RE
05:48p"every cloud has a silver lining... i will never forget all the good wishes i recieved from people around the world," meng says after being discharged
RE
05:38pU.S. SEC delays until Jan 3 certain assets from enforcement actions related to new disclosure rule
RE
05:37pCuba starts to reopen economy as COVID-19 vaccine campaign races ahead
RE
05:36pCanadian court discharges Huawei CFO Meng Wanzhou as U.S. extradition case ends
RE
05:36pCanada justice ministry says meng wanzhou is free to leave canada
RE
05:36pThe WSJ Dollar Index Rises 0.12% to 87.90 -- Data Talk
DJ
05:36pEuro Lost 0.05% to $1.1721 -- Data Talk
DJ
05:36pSterling Lost 0.45% to $1.3676 -- Data Talk
DJ
05:36pDollar Gains 0.68% to 110.74 Yen -- Data Talk
DJ
Latest news "Economy & Forex"