EU-New Zealand Free Trade Agreement Approval

Summary

The European Parliament supports the Free Trade Agreement with New Zealand, highlighting its progressive approach to sustainability and digital trade.
9 22.11.2023
Other
trade
economy
justice
labour law
environment
human rights
international relations
business and competition
agriculture, forestry and fisheries
information technology and data processing

Key points

  • The agreement establishes a strategic economic partnership between the EU and New Zealand in the Indo-Pacific region.
  • It introduces enforceable environmental and labor standards, including commitments to the Paris Agreement.
  • The deal will lead to the removal of 100% of New Zealand tariffs on EU exports upon entry into force.
  • EU tariffs on New Zealand trade will be gradually lifted by 98.5% over a seven-year period.
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