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On June 30, 2022, the European Union successfully concluded negotiations for a comprehensive and ambitious trade agreement with New Zealand. Bilateral trade in goods has been steadily increasing, with it reaching nearly €7.8 billion in 2021. The EU holds the position of New Zealand's third-largest trade partner. An impact assessment on the Free Trade Agreement (FTA) predicts a 30% boost in trade between New Zealand and the EU, with the elimination of tariffs resulting in annual savings of €140 million for businesses. Additionally, EU investment in New Zealand could surge by over 80%.
Wednesday, 29 June, 2022