Latest / Early Edition with Ryan Bridge / Ryan Bridge: We're getting a Free Trade Agreement with India
Transcript
- 0:00Speaker 1: New Zealand is going to sign this free trade deal
- 0:02Speaker 1: with India. Surely, the massive boost that we got and
- 0:05Speaker 1: we still enjoyed to this day from Halen Clark and
- 0:08Speaker 1: Phil Goff signing the China FDA is still very much
- 0:11Speaker 1: fresh in mind, as it should be. Hipkins sounds pretty
- 0:15Speaker 1: upbeat about it. Are just a few questions that they're asking,
- 0:17Speaker 1: but he says, Caucus is going to look at it
- 0:19Speaker 1: and make a decision. Of course, it'll need to support,
- 0:24Speaker 1: It'll need the support of labor, It'll need the support
- 0:26Speaker 1: from across the aisle because New Zealand first isn't keen
- 0:29Speaker 1: on it. Now. The Europeans have just done a massive
- 0:32Speaker 1: deal with Deli overnight. Vonder Lane is there in India
- 0:35Speaker 1: getting the red carpet treatment from Mody. Combined, they make
- 0:39Speaker 1: up twenty five percent of the world's GDP, massive and
- 0:43Speaker 1: the market size two billion people. They've been negotiating this
- 0:47Speaker 1: for years and years, like decades. Finally have a deal,
- 0:50Speaker 1: in part because of Trump's tariffs He's still got fifty
- 0:53Speaker 1: percent on India, but also because India has managed to
- 0:56Speaker 1: secure protections for It's what they call sense of industries dairy.
- 1:02Speaker 1: They say they have prudently safeguarded sensitive sectors, including dairy.
- 1:07Speaker 1: Now we generally treat trade as a bipart as an
- 1:11Speaker 1: issue in New Zealand, and there's little reason to think
- 1:13Speaker 1: this deal will be any different, barring any major red flags.
- 1:16Speaker 1: With the details. Of course, many of the details we
- 1:19Speaker 1: actually don't know yet as the public, but the opposition
- 1:22Speaker 1: is being briefed on. If that checks out, it's probably
- 1:26Speaker 1: going to just be a rubber stamping exercise. You would
- 1:28Speaker 1: have thought. After all, we are like the world's FTA cheerleaders. Basically,
- 1:33Speaker 1: any international conference or meeting we go to, we run
- 1:35Speaker 1: around with a clipboard trying to sign people up, Come on,
- 1:38Speaker 1: please do a deal. So much so we actually have
- 1:41Speaker 1: now a check this morning. Seventy percent of our global
- 1:44Speaker 1: trade is covered by FTAs, and I think it's reasonable
- 1:48Speaker 1: to only expect that will increase, perhaps easier once Trump
- 1:52Speaker 1: leaves off US too. For more from Early Edition with
- 1:56Speaker 1: Ryan Bridge, listen live to News Talks at be from
- 1:59Speaker 1: five am weekdays, or follow the podcast on iHeartRadio.