Thursday, 30th June, 2016

The BREXIT result signals the break-up of a relationship where both parties needed each other but neither party appreciated it says Chamber CEO Michael Barnett.

“Where there is a lack of clarity you get uncertainty and right now and for some time to come that’s what will drive the UK and EU markets. Yes, our job in Europe will be harder but the ongoing good will towards New Zealand creates an opportunity to build a stronger bilateral relationship with Britain, a stronger trade relationship, and improved visa access for Kiwis.

“We face a period of wait-and-see, but given to date the UK has not been that great with its export expansion beyond the EU. It is also a time for New Zealand business and Government to work on a strategy to strengthen our position for playing a role in helping establish the new trading partners the UK will want after its formal EU ties are cut,” says Barnett.