Over recent months, the Farmers’ Union of Wales (FUW) has raised concerns regarding how the UK - Australia free trade agreement, which aims to liberalise the trading of agricultural goods, will set the precedent for trade deals with other major international countries.
UK - New Zealand free trade agreement negotiations are now ongoing and it is said to increase trade between the two nations beyond the total £2.3 billion in 2020.
It was originally mooted by the UK Government that the plan was to have an agreement in principle in place by the end of September, however, visas for workers, access to agricultural markets and financial services continue to be the key sticking points.
New Zealand has confirmed that they aim to achieve similar market access as the UK offered to Australia by providing access to the UK meat and dairy markets in exchange for New Zealand’s financial services.
It is positive however to note that the noise the agricultural industry made in response to the UK - Australia free trade deal has been recognised and has muddied the waters in negotiations with New Zealand.