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The EU-New Zealand trade agreement
The trade agreement between the European Union and New Zealand entered into force on 1 May 2024.
Bilateral trade in goods between the two partners has risen steadily in recent years, reaching almost €9.1 bn in 2022.
The EU is New Zealand's third-biggest trading partner.
According to an impact assessment on the FTA, trade between New Zealand and the EU is expected to increase by 30%, with removing tariffs alone saving businesses €140 million in duties per year. Moreover, EU investment flows into New Zealand could increase by over 80%.
The agreement:
- Creates significant economic opportunities for companies, farmers and consumers;
- Respects the Paris Climate Agreement and core labour rights, enforceable through trade sanctions as a last resort, and:
- Cements EU ties with a like-minded ally in the economically dynamic Indo-Pacific region.
More information:
About the agreement
The EU and New Zealand meet regularly to discuss issues and best practices when applying the agreement.
Mandate, round reports, EU proposals and impact assessments.
Find out more about the EU-New Zealand trade agreement.
Read the different chapters of the agreement
The EU-New Zealand trade deal explained in plain English.
EU-New Zealand trade in your town
Pacific Bio Lubricants Ltd is an Auckland-based subsidiary of the Czech company BIONA. It develops, manufactures and offers environmentally-friendly lubricants labelled LUBECO.
Latest news
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 today. The deal is expected to cut €140 million a year in duties for EU companies.
The EU and New Zealand have today signed their free trade agreement (FTA), which will deliver significant gains for the EU. The deal will cut some €140 million a year in duties for EU companies from the first year of application. The agreement is now sent to the European Parliament for its consent.
The EU-New Zealand trade agreement has today taken a big step towards ratification, with the Commission sending it to Council for signature.