1 00:00:00,120 --> 00:00:02,199 Speaker 1: Let us head off for the first time to Italy 2 00:00:02,240 --> 00:00:03,920 Speaker 1: because for the first time we've been invited to a 3 00:00:03,920 --> 00:00:06,760 Speaker 1: G seven meeting. This one deals specifically with trade. So 4 00:00:06,840 --> 00:00:08,480 Speaker 1: what if anything tangible is going to come out of it? 5 00:00:08,520 --> 00:00:10,639 Speaker 1: Anyone of the Trade Minister, Todd McLay is with us 6 00:00:10,640 --> 00:00:11,720 Speaker 1: from it ly morning. 7 00:00:11,440 --> 00:00:13,960 Speaker 2: To you, Hey, Mike, good morning. 8 00:00:14,200 --> 00:00:16,680 Speaker 1: Is this a gab fest or something material comes out 9 00:00:16,680 --> 00:00:16,880 Speaker 1: of it? 10 00:00:18,079 --> 00:00:21,599 Speaker 2: Well, look, twenty five percent of the world's GDP is here. 11 00:00:21,640 --> 00:00:23,720 Speaker 2: These are you know, some of the big economies. So 12 00:00:23,840 --> 00:00:26,239 Speaker 2: for New Zealand to be invited to come along for 13 00:00:26,320 --> 00:00:28,440 Speaker 2: the first time is you know, it is quite a 14 00:00:28,520 --> 00:00:30,880 Speaker 2: big deal and it's a privilege and we get to 15 00:00:30,880 --> 00:00:32,479 Speaker 2: come and talk about the things that are important to 16 00:00:32,479 --> 00:00:36,479 Speaker 2: New Zealand to trade ministers from these other countries. One 17 00:00:36,479 --> 00:00:39,920 Speaker 2: of the things we're focusing on is supply chain and 18 00:00:40,320 --> 00:00:42,839 Speaker 2: you know, we already know that New Zealand companies exporting 19 00:00:42,880 --> 00:00:44,960 Speaker 2: to the UK Europe if funding get harder because of 20 00:00:45,040 --> 00:00:48,000 Speaker 2: challenges around shipping and geopolitics to get in there. So 21 00:00:48,080 --> 00:00:50,920 Speaker 2: anything we can do over the next couple of days 22 00:00:50,960 --> 00:00:53,520 Speaker 2: that makes it better and easier for New Zealand exporters 23 00:00:53,640 --> 00:00:54,640 Speaker 2: is you know, worth doing. 24 00:00:55,320 --> 00:00:58,000 Speaker 1: Tell me about this, the Rich Sea deployment which was 25 00:00:58,040 --> 00:01:00,680 Speaker 1: extended by your government the other day last week. I think, 26 00:01:01,280 --> 00:01:03,880 Speaker 1: is anyone there talking about why it hasn't worked? How 27 00:01:03,920 --> 00:01:06,520 Speaker 1: come the world's military isn't in that area freeing the 28 00:01:06,560 --> 00:01:08,520 Speaker 1: thing up for ships to actually move. It's been going 29 00:01:08,560 --> 00:01:09,240 Speaker 1: on for months. 30 00:01:10,400 --> 00:01:12,880 Speaker 2: Yeah, well, look, I think the answer that is working 31 00:01:12,959 --> 00:01:15,319 Speaker 2: because it's not getting a lot worse. But you're right, 32 00:01:15,400 --> 00:01:18,080 Speaker 2: it's a very complicated issue there. One of the things 33 00:01:18,080 --> 00:01:20,200 Speaker 2: we're going to be talking about supply chain is not 34 00:01:20,480 --> 00:01:22,400 Speaker 2: when there is a challenge of problem somewhere in the world, 35 00:01:22,480 --> 00:01:23,880 Speaker 2: what can we do to make, you know, to build 36 00:01:23,880 --> 00:01:27,920 Speaker 2: resilience so that like minded countries in Europe, Japan elsewhere 37 00:01:28,160 --> 00:01:31,240 Speaker 2: can work together and actually make sure that you know, 38 00:01:31,319 --> 00:01:34,039 Speaker 2: goods and services get to market a lot more, a 39 00:01:34,040 --> 00:01:36,360 Speaker 2: lot more easily. So I'm very pleased that we're talking 40 00:01:36,360 --> 00:01:38,520 Speaker 2: about that. The other thing I'll be raising is these 41 00:01:38,560 --> 00:01:42,039 Speaker 2: non tariff barriers, these standards and someone that get in 42 00:01:42,080 --> 00:01:45,440 Speaker 2: the way of New Zealand exports. We think there's about 43 00:01:45,440 --> 00:01:48,600 Speaker 2: twelve billion dollars lost in New Zealand economy or exports 44 00:01:48,600 --> 00:01:51,080 Speaker 2: as a result of the standards are put in place 45 00:01:51,240 --> 00:01:53,600 Speaker 2: around the world, and so I'll be talking to these 46 00:01:53,640 --> 00:01:57,000 Speaker 2: trade ministers as the big economies about ways that we 47 00:01:57,000 --> 00:01:59,200 Speaker 2: can work together get the barriers down so cubes can 48 00:01:59,240 --> 00:01:59,960 Speaker 2: sell more over. 49 00:02:00,200 --> 00:02:01,920 Speaker 1: How much is China a talking point? We've got some 50 00:02:01,960 --> 00:02:04,440 Speaker 1: fairly ordinary numbers out of them yesterday. How many of 51 00:02:04,480 --> 00:02:06,560 Speaker 1: your countries, the G seven countries, the people in that 52 00:02:06,640 --> 00:02:08,600 Speaker 1: room actually rely on China to be doing a bit 53 00:02:08,600 --> 00:02:09,400 Speaker 1: better than they are. 54 00:02:10,720 --> 00:02:13,200 Speaker 2: Well, I think everybody buys and sells from China. You know, 55 00:02:13,200 --> 00:02:15,480 Speaker 2: they're a pretty big part of the world's economy and 56 00:02:15,520 --> 00:02:18,400 Speaker 2: a lot of GDP. But you know, if you think 57 00:02:18,400 --> 00:02:20,560 Speaker 2: about the European Union. In New Zealand, for instance, we've 58 00:02:20,560 --> 00:02:23,000 Speaker 2: got the FTA which we were able to get into 59 00:02:23,040 --> 00:02:28,239 Speaker 2: force many months earlier than expected. I have been having 60 00:02:28,280 --> 00:02:31,280 Speaker 2: a look around since we arrived in Italy yesterday and 61 00:02:31,360 --> 00:02:33,560 Speaker 2: there are signs up all over the place from Zesbury 62 00:02:33,600 --> 00:02:36,120 Speaker 2: advertising New Zealand Kiwi fruit here, and of course we 63 00:02:36,200 --> 00:02:39,959 Speaker 2: got that into the market their season duty free, Tara free. 64 00:02:40,000 --> 00:02:43,079 Speaker 2: So you know, whilst there is softening in China which 65 00:02:43,120 --> 00:02:44,919 Speaker 2: is going to be you know, create some challenges and 66 00:02:45,000 --> 00:02:46,960 Speaker 2: New Zealand experts are going to have to work harder 67 00:02:47,320 --> 00:02:49,600 Speaker 2: how China and strategy means we want to do much 68 00:02:49,639 --> 00:02:51,639 Speaker 2: more in other parts of the world. I'll be meeting 69 00:02:51,680 --> 00:02:54,639 Speaker 2: with the Indian Trade Minister tomorrow morning. We're sitting down 70 00:02:54,680 --> 00:02:57,919 Speaker 2: for a very long bilateral and telling them that I'm 71 00:02:57,919 --> 00:02:59,639 Speaker 2: looking forward to getting up there in the next month 72 00:02:59,800 --> 00:03:02,639 Speaker 2: or so to really start putting some energy into open 73 00:03:02,639 --> 00:03:05,720 Speaker 2: the Indian market, because you know, our opportunities to sell 74 00:03:05,720 --> 00:03:07,520 Speaker 2: to China and other parts of the world is how 75 00:03:07,520 --> 00:03:08,840 Speaker 2: we're going to grow to the Zeld economy. 76 00:03:08,919 --> 00:03:11,400 Speaker 1: Very interesting point, how I mean, it's outside your wheelhouse, 77 00:03:11,440 --> 00:03:14,040 Speaker 1: but do you tell the Indian Trade Minister that having 78 00:03:14,160 --> 00:03:16,600 Speaker 1: Mody hang out with Putin's not cool? And why isn't 79 00:03:16,600 --> 00:03:17,960 Speaker 1: the world more exercised about this. 80 00:03:19,280 --> 00:03:21,480 Speaker 2: I'll be telling him about the great New Zealand land 81 00:03:21,480 --> 00:03:23,720 Speaker 2: he should be buying instead of Australian lamb, and how 82 00:03:23,760 --> 00:03:26,920 Speaker 2: we need to get some of these tariff rates down. Look, 83 00:03:27,440 --> 00:03:29,800 Speaker 2: it's important that New Zealand talks about the things that 84 00:03:29,840 --> 00:03:31,919 Speaker 2: are important to us, and we should do that both 85 00:03:32,400 --> 00:03:35,520 Speaker 2: publicly and directly. But in as far as the meeting 86 00:03:35,560 --> 00:03:38,080 Speaker 2: tomorrow is concerned, you know just ways that we can 87 00:03:38,120 --> 00:03:40,920 Speaker 2: continue to grow that relationship between India and New Zealand. 88 00:03:41,080 --> 00:03:43,839 Speaker 2: It was underdone under the Labor government. That's really really clear. 89 00:03:43,880 --> 00:03:45,320 Speaker 2: We're putting a lot of effort into it. 90 00:03:45,400 --> 00:03:47,960 Speaker 1: Good stuff, all right, go well, appreciated very much, Todd McClay, 91 00:03:47,960 --> 00:03:51,480 Speaker 1: who was in Italy this morning. No one covers that too. 92 00:03:51,480 --> 00:03:55,600 Speaker 1: I mean, you know, Modied Mody turns up to Putin's 93 00:03:55,600 --> 00:03:58,760 Speaker 1: house and they hang out together, and nobody seems to 94 00:03:58,760 --> 00:03:59,920 Speaker 1: be remotely bothered by that. 95 00:04:00,560 --> 00:04:03,480 Speaker 2: For more from The Mic Asking Breakfast, listen live to 96 00:04:03,560 --> 00:04:06,280 Speaker 2: News Talk Set B from six a m. Weekdays, or 97 00:04:06,360 --> 00:04:08,240 Speaker 2: follow the podcast on iHeartRadio.