Labour's ban on foreign house buyers will need renegotiation on Korea FTA, Ardern says

Mon, 11 Sep 2017

By Pattrick Smellie Sept. 12 (BusinessDesk) - A Labour-led government’s ban on sales of existing homes to foreign buyers will require a renegotiation of the Korean free-trade agreement, Labour leader Jacinda Ardern confirmed this morning. But she claimed it would not require renegotiation of the FTA between New Zealand and China after claims by the New Zealand Institute of Economic Research that the relevant parts of the two-year-old Korean deal flowed through the China deal. Ardern told RNZ's Morning Report programme that it was not u...

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