1. A ROK-NZ FTA: cementing a closer economic relationship 10 June 2009 The Lucky 7 strategic reasons

2. 2 1. Now is not the time to become insular

3. 3 2. FTA creates momentum for integration From this…. to this?

4. 4 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

5. 5 4. Agriculture: no threat; just opportunities

6. 6 5. Regional production networks can be enhanced

7. 7 6. The weightless economy: services and investment are essential parts of a modern trading relationship

8. 8 7. Climate change: shared interests

9. 9 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