Mainfreight Limited

05/05/2024 | Press release | Distributed by Public on 05/05/2024 13:43

NZ - EU Free Trade Agreement | 5 May 2024

05 May 2024

NZ - EU Free Trade Agreement | 5 May 2024

On May 1, 2024, a significant milestone was reached in international trade as the trade agreement between New Zealand and the European Union came into effect. This agreement marks a new chapter in economic cooperation between these two regions.

For New Zealand, this agreement opens up access to the vast market of the European Union, providing exporters with greater certainty and preferential treatment. It also reinforces New Zealand's reputation as a reliable trading partner committed to upholding high standards of quality, safety, and sustainability.

Similarly, for the European Union, this agreement offers expanded access to New Zealand's dynamic and innovative economy, particularly in sectors such as agriculture, technology, and services. It enables European businesses to tap into new markets and diversify their trade relationships, enhancing competitiveness and driving economic growth.

As the agreement enters into force, both parties are ready to reap the benefits of closer cooperation and greater trade relations.

Key facts about trade between New Zealand and the European Union - Source