Latest / Best of Business / Todd McClay: Trade Minister discusses impact of ASEAN summitt on NZ-South East Asia trade relations

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Todd McClay: Trade Minister discusses impact of ASEAN summitt on NZ-South East Asia trade relations · Best of Business

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  Speaker 1: You're listening to a podcast from News Talks'd be follow
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  Speaker 2: It's a big week for the country on the trade front,
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  Speaker 2: of course, the East Asia Summit, followed by APEC and
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  Speaker 2: South Korea, Trump and GA you headline X. So what
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  Speaker 2: if anything tangible comes out of any of this or
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  Speaker 2: all of this? Todd mcclay's the Trade Minister who is
• 0:27
  Speaker 2: on his way today and he's with us. Are we
• 0:30
  Speaker 2: getting an upgrade on our SCN Has that been sorted
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  Speaker 2: or do we have to work through something for that
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  Speaker 2: to happen?
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  Speaker 3: So very close Trade Minister has met about a month
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  Speaker 3: ago and agreed equivalent of language for the leaders and
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  Speaker 3: then were to work through that allows an upgrade. Nothing
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  Speaker 3: will happen quickly for New Zealand, though. It's the ability
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  Speaker 3: for to sort of see a bit more integration. We're
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  Speaker 3: all simplifying so our businesses and getting out of those
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  Speaker 3: countries a lot more easily. That's a really big push
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  Speaker 3: for us.
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  Speaker 2: Is that a material thing where dollars flow?
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  Speaker 3: Yes, absolutely it will be. So if you think if
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  Speaker 3: you're a New Zealant company and you want to go
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  Speaker 3: and set up in a Nassian country, you'll have different
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  Speaker 3: rules in every single one, which is okay, but some
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  Speaker 3: of the are quite prohibitive. So the idea that we
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  Speaker 3: can have, you know, a bit more freer movement of
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  Speaker 3: those businesses, it's easier for them to set up, easier
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  Speaker 3: for them the trade will make a huge, huge difference.
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  Speaker 3: I suppose the easiest way to look at it, Mike
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  Speaker 3: is hasier. Pacific is a fast, just growing region in
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  Speaker 3: the world. We sit right there on their doorstep. They're
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  Speaker 3: very open to us, so if we can get role simplified,
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  Speaker 3: it'll be much easier for Kiwis to do better there.
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  Speaker 2: Are they more open given what's happened with America and
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  Speaker 2: the other people who make the running shoes and they're
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  Speaker 2: the ones being hit with forty percent, Well.
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  Speaker 3: They've already for the last handfully has been quite open
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  Speaker 3: to us. It's a very long agreement. You've seen quite
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  Speaker 3: a few of their leaders either come down or our
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  Speaker 3: Prime minister has been up there. But yes, there is
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  Speaker 3: a new sense of dynamism there. They want to look
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  Speaker 3: more broadly than some of their large and more traditional
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  Speaker 3: trading partners in New Zealand, along with Australia, are an
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  Speaker 3: easy pick for them.
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  Speaker 2: What about the FTI and career as they're going to
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  Speaker 2: be movement there.
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  Speaker 3: Well, I've been having conversations with my colleague. They've just
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  Speaker 3: had an election, so it's a new minister. We're talking
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  Speaker 3: about that. It's we're at the stage we were talking
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  Speaker 3: about levels of ambition. Both sides say, yes, it's time
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  Speaker 3: to upgrade it. We want a really good upgrade. It's
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  Speaker 3: a chance to modernize it because it was some time ago.
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  Speaker 3: I think it's fair to say, as a result of
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  Speaker 3: their election and your ministers, that's going to take a
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  Speaker 3: little bit longer. But I'm on my way today. As
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  Speaker 3: it's said, up to Coreer, I'll be pushing that along
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  Speaker 3: with conversations with both China and the Chinese minister and
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  Speaker 3: the US minister about better rules for New Zealanders and
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  Speaker 3: in the case of the US, more certainty as to
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  Speaker 3: what might have what not happen with tariff right good.
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  Speaker 2: Just last week the EU that seemed all bullish.
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  Speaker 3: Is it, yeah, very very positive. Their commissioner came down here.
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  Speaker 3: In fact, he was on the eraplane more than he
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  Speaker 3: was in the country. Flew down here for US five
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  Speaker 3: hundred companies about two hundred from the EU came down.
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  Speaker 3: Of course, this is to celebrate just over a year
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  Speaker 3: of our free trade agreement, one point eight billion dollars
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  Speaker 3: of extra exports from New Zealand goods exports up to
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  Speaker 3: that market, and they're very keen to do more. He
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  Speaker 3: and I have agreen will agreed, will do another. I'm
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  Speaker 3: it up in Europe and it's just now about promoting
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  Speaker 3: that agreement so that the trade can grow even more quickly.
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  Speaker 2: Good go, well, appreciate it. Todd McClay, who's the Trade minister,
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  Speaker 2: hitting off this morning too Career For more from.
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