EU-New Zealand trade agreement enters into force, opening new opportunities for EU exporters

1 minute read / May 7, 2024

EU businesses, producers and farmers are now able to take advantage of a host of new export opportunities with the entry into force of the EU-New Zealand trade agreement on 1st May 2024. The deal is expected to cut €140 million a year in duties for EU companies.

Thanks to this deal, EU-New Zealand trade is expected to grow by up to 30% within a decade, with EU exports potentially growing by up to €4.5 billion annually. EU investment into New Zealand has the potential to grow by up to 80%. This landmark agreement also includes unprecedented sustainability commitments, including respect of the Paris Climate Agreement and core labour rights.

Read more