Market Access Is The Key To Unlock The NZ/UK FTA Negotiation

by | May 7, 2021 | Media Releases


Media release, 6 May 2021

The NZ International Business Forum (NZIBF) welcomes the news that the pace of the NZ/UK FTA negotiation is to be lifted, but says a comprehensive market access package remains the key to unlocking a successful outcome.

“Trade negotiations are successful when they lead to more trade under better trade rules” says NZIBF Executive Director, Stephen Jacobi.

“That depends on opening markets by eliminating tariffs and non-tariff barriers. The work to broaden inclusion and address sustainability and other important issues of mutual interest stems from there”.

Mr Jacobi said good progress had been made in the negotiation, with the fourth round having just been completed.

“There is plenty of good will on both sides and that good will now needs to be extended to exchanging realistic and commercially meaningful market access offers, including in agriculture. The UK has thus far not delivered this expectation and needs to do more so the negotiation can move into its final phase”.

Mr Jacobi noted that the NZ/UK agreement was a possible pathway to future UK membership of Comprehensive and Progressive Agreement on Trans Pacific Partnership (CPTPP).

“We welcome the UK interest in CPTPP, but, as we have recently advised the NZ Government*, membership by any economy must rely on the ability to meet the agreement’s high standards and to reach a satisfactory market access outcome”. 

“If more progress can be made in the bilateral negotiation in coming months, NZIBF will be pleased to offer its wholehearted support for UK accession” concluded Mr Jacobi.


Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.

Latest News


Perhaps a cyclone was after all a fitting backdrop for the meeting of the APEC Business Advisory Council (ABAC) which was held in Auckland on 12-14 February – the global environment against which the meeting took place is decidedly stormy.  In the event the wind...


As I write this end of year dispatch, NZIBF is preparing to host the first meeting for 2023 of the APEC Business Advisory Council (ABAC).  We are looking forward to welcoming the 200 or so business leaders and senior officials from APEC member economies across the...

NZ Herald: Time to lift our game in India

Following his recent visit to India our Executive Director Stephen Jacobi penned this article advocating a more strategic approach to the further development of the relationship. The article was published by the NZ Herald on 9 December.

APEC Rolls out Priorities for 2023

Issued by the Informal Senior Officials’ Meeting - Honolulu, The United States, 13 December 2022 Aiming to provide tailwinds for member economies to strengthen recovery and resilience, as well as advance broad-based economic growth, the United States rolled out its...

NZIBF 2022 Chair Report

ANNUAL GENERAL MEETING 2022 CHAIR’S REPORT I am pleased to present my second report on the activities and achievements of the NZ International Business Forum (NZIBF) for 2022-23, our fifteenth year of operations.  At the outset I would like to thank Members for...


New Zealand business will be represented at the APEC Leaders’ Week in Bangkok, commencing 13 November, by members of the APEC Business Advisory Council (ABAC). New Zealand’s three members – Rachel Taulelei, Malcolm Johns and Anna Curzon – supported by Stephen Jacobi...

Submission to MFAT for CPTPP Review

30 September 2022 Phil Mellor Economic Division, Ministry of Foreign Affairs and Trade, Wellington (By email) Dear Phil, Thank you for your email of 1 September, seeking our comments on the three year review of the Comprehensive and Progressive Agreement for Trans...