The Trans-Pacific Partnership Agreement (TPPA) talks in Hawaii have stalled for now, but many Kiwi companies are still hoping a deal will be made before the year's end.
Negotiators from 12 countries failed to reach an agreement at a trade summit, with New Zealand refusing to sign without more gains for dairy.
However New Zealand International Business Forum executive director Stephen Jacobi told the Paul Henry programme he's confident a deal will benefit New Zealand.
"We know the value of trade for dairy in New Zealand, we know the benefits of our earlier FTAs – you can't go past dairy," says Mr Jacobi. "But even outside dairy, there are a lot of things we can get out this agreement."
Such as "beef, seafood, horticulture and wine".
"Every year we pay $130 million in tariffs to TPP countries – if we can get rid of them, that's good news for our exporters."
Watch the video for the full interview with Stephen Jacobi.