Concluding an FTA with the UK has been one of the key priorities for the Government's trade recovery strategy. The UK was our seventh-largest trading partner pre-COVID, with two-way trade of over $6 billion for the year to March 2022. The New Zealand - UK FTA signed in February this year will support New Zealand's efforts to diversify our trade and deliver preferential access to the UK's $3 trillion consumer market, with over 67 million people, for the first time in nearly 50 years, since the UK entered the European Community in 1973. Conclusion of this FTA is, furthermore, an important stepping stone for the UK's accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership. 