The sixth round of free trade agreement negotiations with New Zealand took place between 19-30 July 2021.
Both countries are committed to concluding a high-quality free trade agreement (FTA), setting a precedent for high standard FTAs in the future.
We have now provisionally closed nine chapters and one annex in total. In Round 6, significant progress was made in the following areas:
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Express Delivery Services (Annex):
These provisions give legal certainty to UK delivery service suppliers by offering reassurance that the regulatory environment provides a level playing field. Securing commitments on this essential part of the supply chain enables smoother delivery of goods between our countries.
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Anti-Corruption:
Corruption acts as a barrier to free trade by increasing the cost of doing business. The chapter covers provisions relating to whistleblowing, embezzlement, money laundering, and other areas. Having strong global standards based on an international rules-based approach allows businesses to compete fairly. If businesses cannot compete fairly, the costs are ultimately shifted onto consumers and taxpayers. Doing business with integrity is beneficial to the medium-long term prosperity at both a national and corporate level.
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Development:
Trade agreements between two developed economies can impact on developing countries that are not party to the agreement. Development provisions recognise the role that trade and investment can play in contributing to positive economic and social development outcomes; whilst creating opportunities for UK firms and consumers, e.g., lowering prices, and opening fast-growing markets for UK exporters.
Read more: New Zealand
