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UK, New Zealand agree on comprehensive trade agreement

The UK and New Zealand will reduce corporate deficits, eliminate UK export tariffs, create new opportunities for technology and services companies, while making it easier for UK professionals to live and work in New Zealand. I have agreed to a trade agreement. The deal was agreed yesterday in a video call between Prime Minister Boris Johnson and New Zealand Prime Minister Jacinda Ardern.

Both sides held a 16-month consultation before agreeing to an agreement.

The UK-New Zealand trade was worth £ 2.3 billion last year and will grow under this deal. The deal will remove trade barriers for UK advanced technology and services companies, increase access and help SMEs enter the New Zealand market, according to an official announcement by the UK Government.

The UK and New Zealand will make it easier for British professionals to live and work in New Zealand, while reducing corporate red tape, eliminating tariffs on UK exports and creating new opportunities for technology and service companies. We have agreed to a comprehensive trade agreement. The agreement was reached on a video call between the Prime Ministers of both countries.

Tariffs on as much as 10% of a wide range of UK goods, from clothing and footwear to buses, ships, bulldozers and excavators, have been eliminated, giving UK exporters an edge over international rivals in New Zealand’s import market. Is expected. It will grow by about 30% by 2030.

The agreement follows the advanced free trade agreement already signed between Australia and Japan, and the Trans-Pacific Partnership (Trans-Pacific Partnership), in which the UK is a free trade region of 11 Pacific countries with a total domestic production of 8.4 trillion pounds in 2020. Helps pave the way for participation in the CPTPP). The release said.

Fiber2Fashion News Desk (DS)



UK, New Zealand agree on comprehensive trade agreement

Source link UK, New Zealand agree on comprehensive trade agreement

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