Trade Minister Todd McClay announced the NZ EU Free Trade Agreement’s commencement, significantly benefiting Kiwi exporters with $100 million in tariff reductions. The agreement, resulting from over 15 years of efforts, enhances New Zealand’s trade prospects by improving market access for key exports like kiwifruit, wine, and seafood, and aligning with the country’s strategic goals to double export values over the next decade.
Full PostEuropean Union Member Countries
The EU is an Economic Powerhouse contributing to
+/- 15% of World Trade
+/- 15% of World Trade
Welcome to our dedicated section for New Zealand businesses looking to explore and expand into the European Union.
Here, you’ll find insights and key information tailored to help you understand the vast opportunities that the EU market offers, from economic landscapes to consumer trends. Whether you’re taking your first step into international trade or aiming to deepen your presence in the EU, this guide is designed to support your journey towards successful market entry and growth.
The European Union (EU) was formed in 1993 and represents a pivotal union of 27 member states, uniting over 448 million people across an expansive area of 4.233 million km².
- Its primary currency is the euro, used by 20 of its members.
- The EU’s underlying aims include promoting peace and security, as well as respecting fundamental rights and freedoms.
Economically, the EU is a powerhouse, with its integrated single market being a crucial component of the global economy, contributing to approximately 15% of the world’s trade.
Disclaimer
Statistics provided here are for informational purposes only and should be independently verified before making any decisions based on it. While we strive to ensure accuracy, we cannot guarantee the completeness or timeliness of the data regarding eCommerce sales forecasts, population statistics, or other specifics related to the EU countries mentioned.