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Speaker 1: So we're expecting the f T a free trade arrangement

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Speaker 1: with the UAE to be wrapped up, possibly signed off

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Speaker 1: this afternoon. Australia got these across the line a week ago.

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Speaker 1: Our negotiations only began in May. So if today is

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Speaker 1: the day, it's been done at record pace, forming New

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Speaker 1: Zealand trade negotiated. Charles phinneysback, Well, there's Charles morning to you.

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Speaker 2: Good morning mate.

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Speaker 1: Are the UAE the goods are they are? These are

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Speaker 1: the sort of people we want to deal with. Is

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Speaker 1: this got that gold standard UK vibe about it?

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Speaker 2: Yeah? I think this is quite exciting. Hopefully the rumors

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Speaker 2: are true and there will be an announcement maybe today.

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Speaker 2: If all signs are that this would be a really

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Speaker 2: high quality free trade agreement with pretty much all our

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Speaker 2: trade covered and pretty much everything being liberalized by entry

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Speaker 2: into force. It's already a billion dollar market for us.

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Speaker 2: And there's his potential for growth?

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Speaker 1: Ah and is that not the key? And all FTAs

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Speaker 1: what is the potential? How do you see it growing

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Speaker 1: and buy how much?

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Speaker 2: Well, it's always hard to quantify get economists to make predictions.

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Speaker 2: Usually these are to shoot by a huge margin. That's

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Speaker 2: been the case in pretty much all our free trading

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Speaker 2: pre minutes. In this case, UE is fairly liberal. So

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Speaker 2: we're looking at for five percent tariffs on some dairy

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Speaker 2: products and frozen meat, beef and lamb. Take that off.

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Speaker 2: That's going to be really, really useful. The other point

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Speaker 2: is that the EUE is not just negotiating with US,

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Speaker 2: as you noted, they've done a deal with Australia, they're

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Speaker 2: negotiating with the EU. They actually, I think, are negotiating

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Speaker 2: or have completed agreements with twenty six other parties. So

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Speaker 2: if we're not part of that list, we're in trouble.

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Speaker 2: Our exploits will start using market share will be able.

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Speaker 1: Similar do you think or no with Australia. So it's

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Speaker 1: like for like with Australia because Australia head a tremendous

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Speaker 1: it will still do with the EU deal we signed

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Speaker 1: ours off.

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Speaker 2: Well, I think this will be of higher quality than

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Speaker 2: in terms of agriculture. Then we achieved with the EU

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Speaker 2: and the problems that Australia is facing with the EU

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Speaker 2: will not be there in this agreement.

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Speaker 1: No, is this just what like minds. If you're aligned ideologically,

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Speaker 1: you can do business really efficiently and really fast, and

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Speaker 1: that's what this boils down to.

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Speaker 2: Yeah, I think that THEE is desperately keen to diversify

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Speaker 2: its sources of wealth away from oil and gas, and

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Speaker 2: they're trying to build a whole whole new economy and

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Speaker 2: being open to investment and trade with multiple parties is

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Speaker 2: all part of that mix. I like it.

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Speaker 1: Let's hope it comes to pass This afternoon, Charles Finny,

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Speaker 1: former New Zealand trade negotiator.

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Speaker 2: For more from the Mic Asking Breakfast, listen live to

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