1 00:00:00,120 --> 00:00:02,520 Speaker 1: New Zealand is going to sign this free trade deal 2 00:00:02,560 --> 00:00:05,640 Speaker 1: with India. Surely, the massive boost that we got and 3 00:00:05,680 --> 00:00:08,239 Speaker 1: we still enjoyed to this day from Halen Clark and 4 00:00:08,280 --> 00:00:11,639 Speaker 1: Phil Goff signing the China FDA is still very much 5 00:00:11,720 --> 00:00:14,960 Speaker 1: fresh in mind, as it should be. Hipkins sounds pretty 6 00:00:15,000 --> 00:00:17,759 Speaker 1: upbeat about it. Are just a few questions that they're asking, 7 00:00:17,840 --> 00:00:19,920 Speaker 1: but he says, Caucus is going to look at it 8 00:00:19,960 --> 00:00:23,440 Speaker 1: and make a decision. Of course, it'll need to support, 9 00:00:24,079 --> 00:00:26,360 Speaker 1: It'll need the support of labor, It'll need the support 10 00:00:26,400 --> 00:00:29,760 Speaker 1: from across the aisle because New Zealand first isn't keen 11 00:00:29,800 --> 00:00:32,320 Speaker 1: on it. Now. The Europeans have just done a massive 12 00:00:32,320 --> 00:00:35,120 Speaker 1: deal with Deli overnight. Vonder Lane is there in India 13 00:00:35,280 --> 00:00:39,320 Speaker 1: getting the red carpet treatment from Mody. Combined, they make 14 00:00:39,440 --> 00:00:43,479 Speaker 1: up twenty five percent of the world's GDP, massive and 15 00:00:43,560 --> 00:00:47,920 Speaker 1: the market size two billion people. They've been negotiating this 16 00:00:47,960 --> 00:00:50,760 Speaker 1: for years and years, like decades. Finally have a deal, 17 00:00:50,800 --> 00:00:53,840 Speaker 1: in part because of Trump's tariffs He's still got fifty 18 00:00:53,840 --> 00:00:56,880 Speaker 1: percent on India, but also because India has managed to 19 00:00:56,920 --> 00:01:01,640 Speaker 1: secure protections for It's what they call sense of industries dairy. 20 00:01:02,240 --> 00:01:06,800 Speaker 1: They say they have prudently safeguarded sensitive sectors, including dairy. 21 00:01:07,280 --> 00:01:11,000 Speaker 1: Now we generally treat trade as a bipart as an 22 00:01:11,040 --> 00:01:13,080 Speaker 1: issue in New Zealand, and there's little reason to think 23 00:01:13,080 --> 00:01:16,240 Speaker 1: this deal will be any different, barring any major red flags. 24 00:01:16,240 --> 00:01:19,240 Speaker 1: With the details. Of course, many of the details we 25 00:01:19,319 --> 00:01:22,160 Speaker 1: actually don't know yet as the public, but the opposition 26 00:01:22,240 --> 00:01:26,240 Speaker 1: is being briefed on. If that checks out, it's probably 27 00:01:26,240 --> 00:01:28,360 Speaker 1: going to just be a rubber stamping exercise. You would 28 00:01:28,360 --> 00:01:33,440 Speaker 1: have thought. After all, we are like the world's FTA cheerleaders. Basically, 29 00:01:33,560 --> 00:01:35,920 Speaker 1: any international conference or meeting we go to, we run 30 00:01:35,959 --> 00:01:38,160 Speaker 1: around with a clipboard trying to sign people up, Come on, 31 00:01:38,240 --> 00:01:41,240 Speaker 1: please do a deal. So much so we actually have 32 00:01:41,400 --> 00:01:43,960 Speaker 1: now a check this morning. Seventy percent of our global 33 00:01:44,000 --> 00:01:48,320 Speaker 1: trade is covered by FTAs, and I think it's reasonable 34 00:01:48,400 --> 00:01:52,639 Speaker 1: to only expect that will increase, perhaps easier once Trump 35 00:01:52,760 --> 00:01:56,560 Speaker 1: leaves off US too. For more from Early Edition with 36 00:01:56,680 --> 00:01:59,680 Speaker 1: Ryan Bridge, listen live to News Talks at be from 37 00:01:59,720 --> 00:02:03,240 Speaker 1: five am weekdays, or follow the podcast on iHeartRadio.