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Speaker 1: You're listening to a podcast from news Talk zed Be

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Speaker 1: follow this and our wide range of podcasts now on iHeartRadio.

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Speaker 2: And it's a big week for Christopher Luxon as Hem

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Speaker 2: acts his first visit to the UK as Prime Minister.

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Speaker 2: A trade, tariffs and geopolitics will undoubtedly be agenda toppers

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Speaker 2: when he sits down with the British PM Sukia Starma.

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Speaker 2: As it stands, the UK is only our seventh largest

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Speaker 2: trading partner, with a twenty percent increase in exports last year,

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Speaker 2: looks like new opportunities are opening and British New Zealand

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Speaker 2: Business Association President Philip Wood joins me. Now, Philip, good

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Speaker 2: morning morning. So where do you think the New Zealand

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Speaker 2: Britain relationship's at right now?

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Speaker 3: Well, I was thinking about this when you were talking there.

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Speaker 3: I guess if you go back to nineteen seventy three

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Speaker 3: when UK entered the what was the common market? Now

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Speaker 3: the EU you come forward to now, it's probably the

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Speaker 3: strongest it's been since that time, I would say in

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Speaker 3: terms of business flows between the two countries.

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Speaker 2: Has the China situation created opportunities or an increased will

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Speaker 2: to do business?

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Speaker 3: Yeah, it's interesting. I was talking some businesses in New

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Speaker 3: Zealand businesses the other week and kind of general viewers,

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Speaker 3: perhaps boring old UK is quite an attractive market at

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Speaker 3: the moment, you know, And at the end of the day,

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Speaker 3: businesses want certainty, don't they. That's one of the key

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Speaker 3: things they want. And obviously with what's happening in US

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Speaker 3: China is increasing the kind of uncertainty around what's going

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Speaker 3: to happen. And I think the UK, with the free

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Speaker 3: trade agreement, the UK political scene is fairly well settled

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Speaker 3: kind of offers a i'd say, a reliable, fairly safe

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Speaker 3: market to head for. If you're a New Zealand exporter.

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Speaker 2: I guess we know what we want. We want to

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Speaker 2: export more. Because let's start with the UK. What do

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Speaker 2: they want from want from US? With these face to

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Speaker 2: face meetings, Well.

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Speaker 3: I guess UK and New Zealand are probably pretty much

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Speaker 3: aligned and what they're strategy is at the moment, I

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Speaker 3: guess is what's happening in terms of probably both countries

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Speaker 3: are hoping to negotiate something acceptable with the US and

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Speaker 3: kind of minimize any damage. But then at the same

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Speaker 3: time both countries are looking at kind of building stronger

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Speaker 3: relationships with other countries so that you're not reliant on

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Speaker 3: the US. And the US is the biggest market for

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Speaker 3: the UK exports, it's what's the second biggest for New Zealand,

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Speaker 3: And so the idea of kind of diversifying your risk,

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Speaker 3: building more trade across a wider number of areas. So

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Speaker 3: I think whilst the New Zealand maybe a smaller country

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Speaker 3: if you like, I think it's about number forty three

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Speaker 3: in the list of trading partners for the UK. You know,

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Speaker 3: it all adds up, and the more trades you do

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Speaker 3: with other countries, the less reliant you are on one

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Speaker 3: particular market. And I think in the current environment that's

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Speaker 3: probably a safe strategy.

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Speaker 2: What do you think Luxlan will be wanting to get

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Speaker 2: out of this most of all so he can so

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Speaker 2: he can report a win for US.

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Speaker 3: I think he just probably wants a reaffirmation of the

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Speaker 3: UK is fully behind the idea of a rules based

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Speaker 3: trading world rather than power based that the UK is

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Speaker 3: very much kind of aligned with New Zealand in terms

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Speaker 3: of as say, creating those trading groups. I mean, UK

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Speaker 3: is very interested in the Indo Pacific region since CPTPP

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Speaker 3: starting from the end of last year. New Zealand are

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Speaker 3: found a member of that and was an important part

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Speaker 3: in the UK joining that. So I think probably it's

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Speaker 3: that reaffirmation of the relationship. I mean, the end of

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Speaker 3: the day, it is the oldest relationship if you like

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Speaker 3: offshore so and it's a very wide relationship across business

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Speaker 3: in all a whole lot of other areas. So I

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Speaker 3: think it's that reaffirmation that both countries are very much

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Speaker 3: aligned in the same kind of program.

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Speaker 2: Excellent, Hey, Philip, really appreciate your input. This morning there

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Speaker 2: was Philip Board, he's presiding US Owned Business Association President.

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