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.
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Foreign Minister Winston Peters emphasized the strong ties and shared strategic goals between New Zealand and the Nordic countries, particularly Sweden, during his visit. Highlighting the alignment in values and the potential for enhanced cooperation, Peters also acknowledged Sweden’s support for the forthcoming EU-NZ Free Trade Agreement (FTA), underscoring its significance for fostering economic opportunities and strengthening bilateral commercial relationships.
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NZ and Nordics: likeminded partners
In a recent visit to Sweden, New Zealand’s Foreign Minister Winston Peters spotlighted the profound connection and mutual understanding between New Zealand and the Nordic region. Praising Sweden as a key ally within the European Union, Peters reflected on the shared values and strategic alignment that underpin this relationship. This visit also provided an opportunity to express gratitude for Sweden’s role in advancing the EU-NZ FTA, a pivotal agreement expected to deepen economic ties and promote collective prosperity between New Zealand and the EU.