Russia and New Zealand agreed to commence Free Trade talks in May 2010. This was announced following a visit to Moscow by Trade Negotiations Minister Tim Groser.
This is an exciting development in terms of the potential for New Zealand exporters and anyone interested in international trade and finance.
Coming hard on the heels of the Free Trade Agreement with China (1st October 2008), this would be another significant trade agreement for New Zealand.
For New Zealand,
as the world's largest dairy exporter,
the advantages are clear in having a Free Trade Agreement (FTA) with the world's fifth largest food importer.