The Most Favoured Nation tariff rate into the EU is very low, and the EU services regime is relatively open. We have Prime Minister John Key, NZ First's Winston Peters and Labour's Andrew Little all supporting the rapid launch of a free trade deal - with Britain. In two years' time (don't forget nothing happens overnight) Britain is out of the EU with no free trade agreement with Europe in place. I am convinced markets have over-reacted to the Brexit vote. Markets don't like uncertainty and we have uncertainty about what the British-European Union relationship will look like now.

Source: New Zealand Herald June 26, 2016 08:26 UTC