EU FTA to increase NZ exports to EU by $1.8 billion a yr - Hipkins and O'Connor voxy.co.nz - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from voxy.co.nz Daily Mail and Mail on Sunday newspapers.
New Zealand to gain up to $1.8 billion in exports to the EU, per year. Duties removed on 91% of New Zealand’s goods exports to the EU from entry into force, rising to 97% after seven years. Tariff savings of $100 million per year on New Zealand exports .
New Zealand and the European Union signed a free trade agreement overnight Sunday after negotiations were completed in 2022, with expectations it will come into force in the first half of 2024.
New Zealand to gain up to $1.8 billion in exports to the EU, per year. Duties removed on 91% of NewZealand's goods exports to the EU from entry into force, rising to 97% after seven years. Tariff savings of $100 million per year on NewZealand exports to the EU from day one - the highest immediate tariff savings of any NewZealand FTA. This includes the removal of tariffs on products like kiwifruit, Mnuka honey, fish and seafood, onions, wine and industrial products. Significant new quota access for beef, sheep meat, butter and cheese - worth hundreds of millions of dollars per year if filled. NewZealand and the European Union have overnight signed a ground-breaking Free Trade Agreement that will provide significant new trade access to our fourth-largest trading partner. "The EU FTA will increase our exports to the EU by up to $1.8 billion per year by 2035," Chris Hipkins said. "Tariff savings on NewZealand exports are $100 million from day one of the agreement enterin