Parliament's fast-tracking powers are being used this week for a free trade agreement with the EU. 

The EU FTA Legislation Bill will pass under urgency this week so the deal can kick off by May. 

Trade Minister Todd McClay sees it as a win for exporters and growers. 

EU Ambassador Lawrence Meredith told Mike Hosking that it's an excellent deal for both sides, the EU and New Zealand and consumers and investors. 

He says there are estimates of gains of more than 100 million dollars. 

LISTEN ABOVE 

• India establishes FTA with Switzerland, Iceland, Norway and Liechtenstein