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Legal advice from the Ministry of Foreign Affairs and Trade (Mfat) states the Government’s plans to repeal the 2018 ban on new offshore oil and gas exploration will “likely” breach New Zealand’s obligations in recent free trade agreements.
Deals with major trade partners such as the European Union and the United Kingdom prohibit New Zealand from reducing environmental protections to encourage trade or investment. Though officials said the risk of a country taking a case against New Zealand was low, the policy was “likely” inconsistent with these provisions.