Latest / The SME Stream / Charles Finny: Former Trade Negotiator on the free trade agreement with the United Arab Emirates that could be signed today

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Charles Finny: Former Trade Negotiator on the free trade agreement with the United Arab Emirates that could be signed today · The SME Stream

• 0:00
  Speaker 1: So we're expecting the f TA free Trade arrangement with
• 0:03
  Speaker 1: the UAE to be wrapped up, possibly signed off this afternoon.
• 0:06
  Speaker 1: Australia got these across the line a week ago. Our
• 0:08
  Speaker 1: negotiations only began in May, so today is the day
• 0:10
  Speaker 1: it's been done at record pace, forming New Zealand trade negotiated.
• 0:13
  Speaker 1: Charles phinneysback, Well, there's Charles morning to you morning mate.
• 0:17
  Speaker 1: Are the UAE the goods are they are? These are
• 0:19
  Speaker 1: the sort of people we want to deal with. Is
• 0:20
  Speaker 1: this got that gold standard UK vibe about it?
• 0:24
  Speaker 2: Yeah? I think this is quite exciting. Hopefully the rumors
• 0:29
  Speaker 2: are true and there will be an announcement maybe today.
• 0:33
  Speaker 2: If all signs are that this would be a really
• 0:36
  Speaker 2: high quality free trade agreement with pretty much all our
• 0:40
  Speaker 2: trade covered and pretty much everything being liberalized by entry
• 0:44
  Speaker 2: into force. It's already a billion dollar market for us
• 0:47
  Speaker 2: and there's kids potential for growth.
• 0:49
  Speaker 1: Ah And is that not the key in all FTAs?
• 0:52
  Speaker 1: What is the potential? How do you see it growing
• 0:55
  Speaker 1: and buy how much?
• 0:57
  Speaker 2: Well? It always hard to quantify get economists to make predictions.
• 1:03
  Speaker 2: Usually these are to shoot by a huge margin. That's
• 1:06
  Speaker 2: been the case in pretty much all our free trading
• 1:08
  Speaker 2: three minutes. In this case, UE is fairly liberal, so
• 1:12
  Speaker 2: we're looking at for five percent tariffs on some dairy
• 1:15
  Speaker 2: products and clothes and meat, beef and lamb. Take that off.
• 1:20
  Speaker 2: That's going to be really, really useful. The other point
• 1:23
  Speaker 2: is that the EURE is not just negotiating with US,
• 1:25
  Speaker 2: as you noted, they've done a deal with Australia, they're
• 1:28
  Speaker 2: negotiating with the EU. They actually I think, are negotiating
• 1:32
  Speaker 2: or have completed agreements with twenty six other parties. So
• 1:35
  Speaker 2: if we're not part of that list, we're in trouble.
• 1:37
  Speaker 2: Our exploits will start using market share, we will be.
• 1:40
  Speaker 1: Able similar do you think or no with Australia. So
• 1:43
  Speaker 1: it's like the like with Australia. Because Australia head a
• 1:45
  Speaker 1: tremendous it will still do with the EU deal we
• 1:48
  Speaker 1: signed ours off.
• 1:51
  Speaker 2: Well, I think this will be of higher quality than
• 1:56
  Speaker 2: in terms of agriculture. Then we achieved with the EU
• 2:01
  Speaker 2: and the problems that Australia is facing with the EU
• 2:05
  Speaker 2: will not be there in this agreement.
• 2:06
  Speaker 1: No, is this just what like minds. If you're aligned ideologically,
• 2:11
  Speaker 1: you can do business really efficiently and really fast. And
• 2:14
  Speaker 1: that's what this boils down to.
• 2:17
  Speaker 2: Yeah. I think that THEE is desperately keen to diversify
• 2:22
  Speaker 2: its sources of wealth away from oil and gas, and
• 2:27
  Speaker 2: they're trying to build a whole new economy and being
• 2:31
  Speaker 2: open to investment and trade with multiple parties is all
• 2:36
  Speaker 2: part of that mix. I like it.
• 2:37
  Speaker 1: Let's hope it comes to pass this afternoon. Charles Finney,
• 2:40
  Speaker 1: former New Zealand trade negotiated