UK-NZ free trade agreement looks likely to replicate Aussie deal, although Brits will be driving a hard bargain

With trade minister Damien O’Connor due in the northern hemisphere in September, London’s Daily Telegraph reports a free trade agreement between the UK and NZ is close.

Citing sources in the UK Department of international Trade, the newspaper says hopes are growing that a deal can be secured “within weeks.”  An announcement on New Zealand before the end of August is “highly possible” as discussions intensify.

 Australia’s agreement with the UK was settled in June.  The UK Government hopes to get it signed off by Boris Johnson and his counterpart Scott Morrison when the latter visits Britain in October for the Cop26 climate conference.

The Daily Telegraph’s source said trade secretary Liz Truss would be driving a hard bargain on key areas of interest.

“New Zealand will need to give us more on services, mobility and investment if they want a deal. If we have to go beyond then into September to get the best deal, then so be it.”

Any agreement  is likely to take a similar shape to Australia’s, which proposes a widespread liberalisation including staged removals of tariff quotas on agricultural exports which has drawn criticism from British farmers.

The Telegraph says the NZ FTA is expected to have a negligible effect on the UK’s GDP, with modelling by the trade department even indicating that an extensive deal could mildly reduce Britain’s national output.

Recent events have provided a potentially awkward backdrop for what may be the final weeks of talks.  Amazon last week announced that it would shift production of its highly anticipated Lord of the Rings TV series from New Zealand to the UK, in a major blow to the country’s creative and tourism industries, the paper said.

Yes, we could try to be world-beaters in tackling climate change, but the reason for wanting to set the pace is unclear

Ministers in the Ardern  government  are getting to grips  with  the  Climate Change  Commission report  which,  if  adopted  in  full, will  reshape the  NZ way of life. Some say if all the  recommendations  the  commission  has  framed  are  applied, it will put NZ in the  vanguard  of the  battle  against global warming.

Just  why this country should want to be  among  the  front-runners,  and  possibly  the first,  to  meet  its  commitment  under  the  Paris  agreement to reach zero carbon emissions   by 2050  is  not  exactly  clear.

Nor may  there  be any  deep  conviction  that  the  Ardern government has  the  capacity to deliver  the   most  appropriate  measures  to  meet  its  climate  targets, given  its  long  list  of  policy  failures  including  Kiwi  Build, wiping out homelessness, eliminating child  poverty, and improving mental health, not to  mention the  Covid  vaccination  rollout.

NZ’s CO2 emissions are considerably less than those in the US and Australia (which is among the highest in the world). Transport makes up 33% of NZ’s “long lived” gases. Continue reading “Yes, we could try to be world-beaters in tackling climate change, but the reason for wanting to set the pace is unclear”

Leading the world and saving it, too – but let’s brace for a drop in our standard of living (and wellbeing)

So  how  “transformational”  will  the   zero  carbon  legislation  prove to be?

Many  New Zealanders  have come to believe  global  warming  poses  a  real danger  to  their lives – but will the new legislation remove, or even lessen, the danger?

Under the legislation, agriculture   for the first time is brought into the emissions trading  scheme.  That’s won  support from Green lobbyists, but many  say it’s too little, too late –  “a  weak-ass  carbon  reform”.

On  the  other side,  the  criticism is  just as pointed.  There are  no tools to  measure  on-farm emissions and what  the  government proposes   could   shrivel  NZ’s growth rate  by  up to  $50bn   a year. Continue reading “Leading the world and saving it, too – but let’s brace for a drop in our standard of living (and wellbeing)”