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A ROK-NZ FTA: cementing a closer economic relationship. The Lucky 7 strategic reasons. 10 June 2009. 1. Now is not the time to become insular. 2. FTA creates momentum for integration. From this…. to this?. 3. Avoid penalising good friends. FTAs signed by New Zealand Australia Thailand
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A ROK-NZ FTA: cementing a closer economic relationship The Lucky 7 strategic reasons 10 June 2009
2. FTA creates momentum for integration From this…. to this?
3. Avoid penalising good friends • FTAs signed by New Zealand • Australia • Thailand • Singapore/Chile/Brunei • China • Aus-NZ-ASEAN • Malaysia • To be negotiated • GCC • Korea • India • TransPac (incl. US) • Hong Kong • FTAAP • FTAs signed/being negotiated by ROK • US, Chile, ASEAN • Australia, EU, Canada, India, Peru
6. The weightless economy: services and investment are essential parts of a modern trading relationship
Summary • The economic modelling numbers show that there are significant benefits to both countries from an FTA • These broader strategic reasons show that deepening the relationship between Korea and New Zealand makes a lot of sense