Trade expert: NZ will need to wait for post-Brexit deal

Newstalk ZB ,
Publish Date
Thursday, 17 January 2019, 6:21p.m.
A trade deal with the UK is still possible post-Brexit. (Photo / AP)

It could be a significant amount of time before New Zealand signs a post-Brexit trade deal with the UK.

British Prime Minister Theresa May has today narrowly survived a vote of no confident after her Brexit plan was resoundingly rejected.

She now has another opportunity to pass her own Brexit deal.

If the UK does leave the European Union, it means that New Zealand would be able to negotiate a trade deal with them.

New Zealand trade commentator Charles Finny told Andrew Dickens says that it would be a benefit to us.

However, he does not think it would be a 'gold rush' for us.

"There's no guarantee at this point of time that the UK will be hugely liberal in terms of that type of outcome."

Finny says there has been some preparation from both sides, so the deal could come quickly.

However, he doesn't expect May's problems to disappear any time soon.

"My gut feeling is that at the end of the day everyone will agree on an extinction of time, because quite clearly, they need it."

He says that our industries are preparing for the ramifications of Brexit should it leave the EU in March.

Prime Minister Jacinda Ardern will talk trade with Theresa May in London next week, ahead of the World Economic Forum in Davos.

She'll also meet with European officials in Brussels.


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