Free Trade Agreement: New Zealand

Lord Bilimoria Excerpts

Monday 25th October 2021 Lords Chamber

[Viscount Younger of Leckie (Con)]

I hope that I can give my noble friend some reassurance, because the UK’s climate change and environmental policies, including in trade negotiations, are some of the most ambitious in the world, reflecting our commitment as the first major economy to pass new laws for net-zero emissions by 2050. On his points about the deal, this trade agreement with New Zealand is one of our greenest ever. It includes a ground-breaking chapter that reinforces our commitment to the Paris temperature goals and our efforts to meet net zero. It encourages the growth of a clean economy and demonstrates our global leadership on climate and environmental protection. This agreement will encourage trade and investment in low-carbon goods, services and technology. It will demonstrate global leadership in climate and environmental protection, but it includes commitments on urgent environmental challenges such as marine litter, sustainable agriculture, air quality and the transition to a circular economy.

[Lord Bilimoria (CB)]

My Lords, as president of the CBI, I was proud to play a role in helping both the Australia and New Zealand free trade agreements. The Australia one was negotiated and achieved in 365 days. It is an ultramodern, comprehensive, super-duper FTA, with goods, services, innovation, SMEs, IP, data and mobility. Can the Minister confirm whether the New Zealand FTA is as super-duper and comprehensive as the Australia one? Secondly, the Australia FTA now allows 18 to 35 year-olds from the UK and Australia to work, live and travel in each other’s countries for three years. Does the New Zealand deal also offer this facility to UK and New Zealand citizens?

[Viscount Younger of Leckie (Con)]

I hope I can reassure the noble Lord that this is a comprehensive deal. Many working groups have brought it to this stage, which is an agreement in principle. To reassure the House, this stage is now leading to signature and, once signed, the deal will be presented to Parliament. I am sure the noble Lord and others will have the chance to debate it.

It is very much part of the deal to allow greater flexibility for individuals to travel between the two countries. It will allow families, for example, to travel to New Zealand and stay there for a time. To answer the noble Lord’s question, that period of time is yet to be clarified, but it is part of the deal. I am sure it will be greatly beneficial to those doing business from the UK to New Zealand, and vice versa.