New Zealand and EU's Free Trade Agreement (FTA) became effective, offering $100m annual tariff savings and aiming to double exports by 2030.
New Zealand and the EU's Free Trade Agreement (FTA) became effective, benefiting Kiwi exporters with $100 million in annual tariff savings on 91% of New Zealand's goods exports to the EU, expected to rise to 97% after seven years. The agreement includes provisions for indigenous trade opportunities, environmental protection, and a commitment to the Paris Agreement on climate change. With the EU being New Zealand's fourth-largest trade partner, the FTA will help New Zealand achieve its ambitious target of doubling exports by value within the next 10 years.
April 30, 2024
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