Latest / Best of Business / Todd McClay: Trade Minister on India and New Zealand starting the first round of Free Trade Agreement negotiations

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Todd McClay: Trade Minister on India and New Zealand starting the first round of Free Trade Agreement negotiations · Best of Business

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  Speaker 2: Some good news on the trade front. New Zealand and
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  Speaker 2: India are starting the first round of negotiations towards a
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  Speaker 2: free trade agreement this week. Trade Minister Tom mcclay's with
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  Speaker 2: me now, Hey.
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  Speaker 3: Todd, Hey, Heathery, Hep Hope.
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  Speaker 2: I'm very well, thank you. Who have we sent to India?
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  Speaker 3: So a chief trade negotiator has gone out there, plus
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  Speaker 3: a team with them as a good number of them.
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  Speaker 3: So this is the first formal in person negotiations that
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  Speaker 3: we're having. But there's been a lot of engagement online
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  Speaker 3: and zooms and so on since the Prime Minister and
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  Speaker 3: I announced that we were launching negotiations or what is
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  Speaker 3: just about a month ago?
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  Speaker 2: And how long do you expect this to take? How
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  Speaker 2: long are the in person negotiations slated for?
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  Speaker 3: So they will run through this week, So it'll take
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  Speaker 3: a week. There are many many meetings. So why we
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  Speaker 3: take a good sized team out because we have experts
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  Speaker 3: in many areas that they focus on, from goods to
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  Speaker 3: serve to intellectual property and so on. They'll work through
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  Speaker 3: that this will be the first of what will be
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  Speaker 3: a number of in person and negotiations. I would expect
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  Speaker 3: the next one probably will be down in New Zealand,
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  Speaker 3: but we decided to go up there. India's got quite
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  Speaker 3: a few negotiations going on, so for scheduling, rather than waiting,
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  Speaker 3: we thought I'd send my people up there so we
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  Speaker 3: can get on with it.
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  Speaker 2: Are they distracted by trying to strike a deal with
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  Speaker 2: the US?
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  Speaker 3: They're not. I discussed this with my counterpart ps Goel,
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  Speaker 3: who's the quot their trade minister. We talked a lot
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  Speaker 3: about this before we launch. They have the capacity to
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  Speaker 3: negotiate a number of deals at the same time as
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  Speaker 3: we do. Actually, so you're right there and get that.
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  Speaker 3: They negotiating with the US at the moment, with the
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  Speaker 3: European Union, with the UK and others. Some of those
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  Speaker 3: I understanding going on over the next week or two.
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  Speaker 3: And that's why I thought to send our people up
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  Speaker 3: rather than either drag them down here or missed the
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  Speaker 3: opportunity to have the very first in person negotiations at
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  Speaker 3: the beginning of this.
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  Speaker 2: Month, Todd I see. Donald Trump has announced on one
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  Speaker 2: of his social media accounts that he plans to put
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  Speaker 2: one hundred percent tariff on foreign move these, which obviously
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  Speaker 2: if he was to do it would affect us because
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  Speaker 2: we make movies here. Are we taking this seriously?
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  Speaker 3: Yeah, we are very seriously. Although as with lots of
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  Speaker 3: sort of announcements that come via social media, we're gonna
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  Speaker 3: have to wait and try and get a bit more
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  Speaker 3: information or see what comes out. I mean, as an example,
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  Speaker 3: if it's whole movies that are made overseas means one thing,
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  Speaker 3: but well if you know just one segment or one
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  Speaker 3: part or some of the technical stuff that's done overseas.
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  Speaker 3: So we don't know yet, but I can say the
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  Speaker 3: Prime Minister I was with them earlier. You know, the
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  Speaker 3: New Zealand film industry is exceptional. They do a great job.
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  Speaker 3: A lot of the US film industry relies on some
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  Speaker 3: of the things that we do here that you can't
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  Speaker 3: do another part of the world. So quite a long
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  Speaker 3: way to go before we have any clarity, just asn't aside.
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  Speaker 3: I'll be meeting my counterpart, the United States Trade Representative
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  Speaker 3: of Ambassador Grere in the end of next week at
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  Speaker 3: the APEC meeting in Korea, and it'll be my first
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  Speaker 3: chance in person to talk to them directly about these things.
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  Speaker 3: I will be making the for how US movies may
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  Speaker 3: not be anywhere ever, is enjoyable without some New Zealand content.
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  Speaker 3: I like that.
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  Speaker 2: Hey, thanks very much, Todd beast of like Todd McClay,
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  Speaker 2: Trade Minister.
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