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View Full Version : New Zealand offers Great Britain it's top trade negotiators for post-Brexit trade



-:Undertaker:-
29-06-2016, 06:11 PM
http://www.telegraph.co.uk/business/2016/06/29/new-zealand-offers-uk-its-top-trade-negotiators-for-post-brexit/

New Zealand offers Great Britain it's top trade negotiators for post-Brexit deals

The Commonwealth country's offer comes alongside proposals to immediately begin talks on a Anglo-Australian-New Zealander trade deal


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New Zealand has offered its top trade negotiators to the United Kingdom, relieving the British civil service as it prepares for the strain of seeking new deals with countries across the globe.

The Telegraph understands that the Commonwealth country has made an offer to loan staff to the UK in a diplomatic cable sent to the British civil service, which has few trade negotiators of its own.

Wellington’s olive branch came alongside an offer to discuss a trade agreement with the UK, which would help Britain get out of the starting blocks and begin replacing the trade access lost as a result of the Brexit vote.

Experts say that drafting negotiators will be crucial for forging new agreements between the UK and Brussels, as well as with more than 50 other markets with which EU members currently enjoy trade agreements.

Lord Price, the minister for trade and investment, has said that the Government has around 40 trade negotiators, compared with the 550 employed by the EU. Whitehall has outsourced trade powers to Brussels for 43 years, meaning that the number of negotiators employed by Government has dwindled.

These experts require years of experience to become proficient, time that the UK would not have if formal notification of the country’s intention to leave the EU was issued soon.

Sajid Javid, the secretary of state for the Department for Business, Innovation and Skills, said on Tuesday that Whitehall would increase the number of negotiators it had available over time.

He said: "That process has already begun, and I'm very confident that we can get the right resources in place so we can take advantage of those opportunities that have been created."

New Zealand itself has been successful in striking deals with partners around the world. The country enjoys eight free-trade agreements, including deals with China and Australia. It has also concluded talks with the United States, Canada and much of the Gulf, although these agreements are not yet in force.


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John Key, New Zealand’s Prime Minister, has said that the country will work with Australia in arranging new ties with the UK as it withdraws from the EU. “Where it makes sense we [New Zealand and Australia] will co-operate together,” he said.

Mr Key's Australian counterpart, Malcolm Turnbull, said that "opportunities and challenges" arose from the UK's decision to split with the EU. He said: "There are some big issues in terms of the access of Australians and New Zealanders to Europe and indeed to the UK."

Mr Javid said this week that the UK was “open for business”, and had already received offers to begin negotiation immediately with Australia and South Korea. Canada, India and Mexico are also understood to have contacted the Government with a view to undertaking post-Brexit talks.

The Conservative minister also announced that he and Lord Price would be going on trade missions to China, Hong Kong and Brazil in order to strengthen Britain’s links with other economies.

Thank you so much New Zealand. Our real friends.

We turned our backs on them 43 years ago and days after we've corrected that mistake they not only want to begin trade talks with us immediately, they're even granting us the use of their trade negotiators knowing that after 43 years of being unable to do deals ourselves, we need that experience.

The list of countries stating they want to start trade deal talks keeps growing. That's now New Zealand, Australia, Canada, India, Ghana, South Korea, the United States, Iceland, Switzerland and Mexico. Recall the talk about "isolation" if we left the EU? It's the total opposite. Mexico has already drafted a proposed deal.

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The good news keeps coming. I want to see the idea of a Britain-Canada-New Zealand-Australia free movement area studied and proposed.

Thoughts?

dbgtz
29-06-2016, 08:46 PM
Well when you compare currency value, the FTSE 100 is still down and the FTSE 250 is still down when comparing figures directly, but at least it's on the up I suppose.

-:Undertaker:-
30-06-2016, 05:08 PM
Well when you compare currency value, the FTSE 100 is still down and the FTSE 250 is still down when comparing figures directly, but at least it's on the up I suppose.


gbp to usd back down to 1.32 today

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Pound Sterling won't be going back up to previous level of around 1.4 btw guys, the Governor of the Bank of England today said there would be a looser monetary policy over the summer. I suspect this is to attract inward (FDI) investment as more GBP for your buck to foreigners. The Americans in work who asked about where the nearest exchange shop was seemed pretty chuffed about it. :P I knew I should have bought my Euros before the 23rd though!

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