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New Zealand's exports to the EU soar 28% under a new trade agreement, boosting key industries.
The New Zealand-European Union Trade Agreement has boosted New Zealand's goods exports to the EU by 28% in its first year, increasing from $3.8 billion to over $4.8 billion.
Sheep meat exports rose by 29%, kiwifruit by 69%, and machinery by 104%.
The deal eliminates 91% of duties immediately, increasing to 97% after seven years, which has enhanced market access and reduced trade barriers, per Trade and Investment Minister Todd McClay.
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Las exportaciones de Nueva Zelanda a la UE se disparan un 28% en virtud de un nuevo acuerdo comercial, impulsando industrias clave.