Walters VanushiVANUSHI WALTERS (Labour—Upper Harbour): Thank you Madam Speaker. What a pleasure it is on a Thursday morning to speak at the third reading of these significant bills which my colleague across the House has also mentioned were split into two as a result of the Minister's Supplementary Order Paper. I join with colleagues across the House in commending the Minister for Trade and Export on his significant work in securing this agreement. I also congratulate my colleagues in the Foreign Affairs Defence and Trade Committee for their examination of the content of this bill as well. This is an agreement that many have called a gold standard and that it very much is. Free-trade agreements are in many ways the key relationship broker internationally.I have a habit of I guess making sense of the world through metaphor. For me in my 20s I travelled very frequently to the UK and many places in the world while I was appointed to the board of Amnesty International. It was a time when I was thinking very much about the role that free-trade agreements played in the international space but it was also a time when I travelled with one item consistently and it was the multi-plug. For me I very much see the role that many free-trade agreements play in the international space as being that multi-plug—that framework or that structure that allows us to interact easily with other economies. While I think most people believe that it is purely about economic interaction the truth of the multi-plug is that there are also significant implications in terms of those frameworks on human rights on security and on the security of pipelines for basic goods and services as well. So this is a critical development for New Zealand and for the UK as well.Pre-COVID the two-way goods and services trade between the UK and New Zealand was assessed at about $6 billion. This free-trade agreement will provide New Zealand exporters with more favourable access to the UK market helping to build our trade back up to pre-COVID levels and beyond. In a moment I'll speak to some of the detail of what this will mean in practice for some of our key industries in New Zealand.But I wanted to just stay at the high level for a moment because I think it is tempting to see free-trade agreements in isolation—very much as the multi-plug that I just described. But in truth what we're looking at is almost an ecosystem of multi-plugs or a web where you have hard sets of tariffs but also softer trade provisions which then determine not only the flow of trade but security of supply chains management of the total economic risk and the ESG—or environmental social and governance standards—that we want to champion in any given space. So if we think of the tariffs and non-tariff barriers as sort of the hard infrastructure or the brick walls of trade they can either hinder or facilitate trade flows based on their height and how they're adjusted between partners but also across the web in totality. Similarly the technical standards the export controls the transparency requirements the investment reviews the labour and environmental standards—those softer infrastructures can seem less obvious but sometimes they can be a more important influence on how and where trade flows. So two levers between multiple players will ultimately determine how the world operates in terms of economic growth human rights protection environmental protections and ultimately fairness.I think what I've been proud of is seeing the elements of ESG—environmental social and governance—concerns being echoed through our trade discussions with various partners. We see it in this agreement. Colleagues have spoken to it in terms of the climate provisions and the animal welfare provisions. I can certainly hear that being echoed in pre-agreement discussions around the Pacific as well. Once again I would commend our leadership our Minister for raising those issues internationally.If we now look at some of the detail of what this means for industry in New Zealand the Minister mentioned that tariffs will be eliminated on 100 percent of New Zealand's goods and exports to the UK eventually. But I think what's really exciting is that on day one—on day one—99.5 percent of our current New Zealand trade to the UK will enter duty-free and that is extremely exciting. It's exciting for various industries like our gin chocolate motorhome and campervan industries which are currently subject to tariffs ranging between 5 to 10 percent. It's exciting for our horticulture industry as well. I see the member for Tukituki turning around and saying apples"—absolutely. It is very important for our regions: 99.9 percent of New Zealand's current horticultural trade will enter the UK duty-free at entry into force and 100 percent within seven years. That is huge. The tariffs on wine honey onions and kiwifruit will be eliminated from day one. This is significant. We will then see a follow-on in our fish and seafood industry. About 46 percent of New Zealand's current fish and seafood trade will enter the UK duty-free at entry into force of the agreement and 99.5 percent within three years with 100 percent at seven years. This is significant for so many industries. It was useful to hear a colleague from across the House also speak to some other industries which will be hugely benefiting as well. I noted our recording artists being able to actively protect their interests overseas so that music can't just be played freely internationally without repercussions—without people getting to exercise their ownership rights in that space.Once again this is an extremely exciting and it's an extremely significant change for New Zealand. Once again I would commend the Minister for his work on this and I would commend these bills to the House."