New Zealand–United Kingdom Free Trade Agreement
Type | Free trade agreement |
---|---|
Context | Trade agreement between New Zealand and the United Kingdom |
Drafted | 20 October 2021 |
Signed | 28 February 2022 |
Effective | 31 May 2023 |
Condition | Ratification by both Houses of the Parliament of New Zealand and the UK |
Negotiators |
|
Parties | |
Language | English |
The New Zealand–United Kingdom free trade agreement was signed on 28 February 2022.[1] The broad terms of the agreement were concluded on 20 October 2021.[2] It was the second trade agreement signed by Britain since leaving the European Union that was negotiated completely anew.
History[edit]
On 21 October 2021, New Zealand and United Kingdom signed a free trade agreement eliminating tariffs on 97% of New Zealand exports to the UK including honey, wine, kiwifruit, onions, and most industrial products. In addition, a range of dairy and beef exports will be tariff free after a period of 15 years.[3][4] On 1 March 2022, the two countries ratified the terms of the free trade agreement signed in October. This agreement removes tariffs on 99.5% of New Zealand exports including meat, butter and cheese. New Zealand Prime Minister Jacinda Ardern described the free trade agreement as a "gold-standard free trade agreement" that would help accelerate the country's economic recovery.[5] This free trade agreement came into force on 31 May 2023.[6][7]
See also[edit]
- Accession of the United Kingdom to CPTPP
- Comprehensive and Progressive Agreement for Trans-Pacific Partnership
- Free trade agreements of New Zealand
- Free trade agreements of the United Kingdom
- Foreign relations of New Zealand
- Foreign relations of the United Kingdom
- New Zealand–United Kingdom relations
References[edit]
- ^ "UK and New Zealand sign comprehensive trade deal". GOV.UK. 28 February 2022. Retrieved 14 December 2023.
- ^ "UK agrees free trade deal with New Zealand". BBC News. 20 October 2021. Retrieved 14 December 2023.
- ^ Manch, Thomas (21 October 2021). "UK-NZ free trade agreement reached, promising zero-tariffs and $970m economic boost". Stuff. Archived from the original on 21 October 2021. Retrieved 21 October 2021.
- ^ "Covid-19 update: 102 community cases in NZ today". Radio New Zealand. 21 October 2021. Archived from the original on 21 October 2021. Retrieved 21 October 2021.
- ^ "New Zealand signs free trade deal with UK to eliminate all tariffs for NZ exports". Radio New Zealand. 1 March 2022. Archived from the original on 1 March 2022. Retrieved 3 March 2022.
- ^ "UK-New Zealand Free Trade Agreement". Gov.UK. 20 October 2021.
- ^ "Landmark post-Brexit trade deals to come into force this month driving economic growth across the UK". Gov.UK. 5 May 2023.
External links[edit]
Media related to Relations of New Zealand and the United Kingdom at Wikimedia Commons
- New Zealand–United Kingdom relations
- Bilateral relations of New Zealand
- Bilateral relations of the United Kingdom
- Free trade agreements of New Zealand
- Free trade agreements of the United Kingdom
- Foreign relations of New Zealand
- Foreign relations of the United Kingdom
- Relations of colonizer and former colony
- 2022 in New Zealand
- 2022 in the United Kingdom
- Treaties concluded in 2022
- Treaties entered into force in 2023
- Economy of New Zealand
- Economy of the United Kingdom