Tag Archives: NZ EU FTA

The New Zealand European Union Free Trade Agreement (NZ-EUFTA) has officially received Royal Assent, marking a significant milestone in New Zealand’s trade history by ratifying the agreement with the European Union. Set to come into effect from 1 May 2024, this agreement heralds a new era of trade relations, promising substantial economic benefits and tariff savings for New Zealand exporters.

The New Zealand Government is accelerating efforts to activate the New Zealand – European Union Free Trade Agreement (NZ-EU FTA) earlier than anticipated, promising significant economic benefits and tariff savings for Kiwi exporters. This move is expected to facilitate an additional $46 million in tariff savings this season alone, with Kiwifruit and Onion exporters standing to benefit immediately upon the agreement’s early enforcement.

In a pivotal moment for New Zealand’s international trade relations, the New Zealand International Business Forum (NZIBF) and Export NZ have come forward to support the New Zealand – European Union Free Trade Agreement Legislation Amendment Bill. As representatives of a broad spectrum of New Zealand’s export sector, their submission underscores the critical balance between seizing new market opportunities and addressing the technical concerns that may arise from the agreement’s implementation.

New Zealand is poised on the brink of a significant economic milestone with the First Reading of legislation in Parliament, paving the way for the ratification of the New Zealand – European Union Free Trade Agreement (FTA). This critical step marks the culmination of almost a decade of negotiations and sets the stage for a transformative era in trade relations between New Zealand and the European Union.

As the world increasingly turns its attention to climate change and environmental preservation, the New Zealand – European Union Free Trade Agreement emerges as a beacon of sustainable trade practices. This landmark agreement intertwines economic growth with ecological stewardship, setting a new standard for global trade agreements.