×
Newsmax TV & Webwww.newsmax.comFREE - In Google Play
VIEW
×
Newsmax TV & Webwww.newsmax.comFREE - On the App Store
VIEW
Tags: EU | New Zealand | Trade Deal

EU, New Zealand Strike Free Trade Deal after 4 Years' Talks

Thursday, 30 June 2022 10:01 AM EDT

BRUSSELS (AP) — The European Union and New Zealand say they have concluded a free trade deal after four years of negotiations.

According to the EU, trade with New Zealand is expected to increase by 30% as a result of the deal, with removing tariffs alone saving businesses €140 million ($146 million) in duties per year.

The 27-nation bloc said Thursday that EU investment flows into New Zealand could increase by over 80%. Bilateral trade in goods between the two partners has risen steadily in recent years, reaching almost €7.8 billion in 2021. The EU is New Zealand’s third-biggest trade partner.

© Copyright 2022 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.


GlobalTalk
The European Union and New Zealand say they have concluded a free trade deal after four years of negotiations. According to the EU, trade with New Zealand is expected to increase by 30% as a result of the deal, with removing tariffs alone saving businesses €140 million...
EU,New Zealand,Trade Deal
100
2022-01-30
Thursday, 30 June 2022 10:01 AM
Newsmax Media, Inc.

Sign up for Newsmax’s Daily Newsletter

Receive breaking news and original analysis - sent right to your inbox.

(Optional for Local News)
Privacy: We never share your email address.
Join the Newsmax Community
Read and Post Comments
Please review Community Guidelines before posting a comment.
 
 
TOP

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved
NEWSMAX.COM
© Newsmax Media, Inc.
All Rights Reserved