John Key and the President of Korea have announced they will begin work on a Korea – New Zealand Free Trade Agreement. This is excellent – Korea is a major trading partner.
This is no surprise, as work started on this last year with an economic study into the benefits of having an FTA. But good to see NZ making such good progress with Asian countries on trade issues.
The economies that are scaring me are the EU and the US. The EU is under massive pressure with tensions between old and new Europe. And some countries may end up being forced out of the Euro. And the US just looks set to drown in a mountain of debt.
We may turn out to be grateful of our location down under.Tags: free trade agreement, Korea