Europe’s Ambassador To New Zealand Says Concluding Both Bilateral And Multilateral Trade Agreements Is Top Of The Agenda

Europe’s Ambassador to New Zealand says concluding both bilateral and multilateral trade agreements is top of the agenda. The EU and New Zealand reached an agreement on a free trade deal last June and it is expected to be formally signed later this year coming into force from the beginning of 2024. New Zealand exported $3.9 billion dollars worth of goods to the EU in 2021 and Ministry of Foreign Affairs and Trade has estimated tariff savings will exceed $100 million a year when the trade deal comes into force, rising to $110 million after seven years.