This article will address the topic of New Zealand–United Kingdom Free Trade Agreement from different perspectives with the aim of delving into its relevance and impact today. New Zealand–United Kingdom Free Trade Agreement has captured the attention of various sectors due to its impact on society, the economy, politics and culture. Throughout the next few lines, its origins, evolution, challenges and opportunities, as well as its influence on social and technological change, will be analyzed. In addition, different studies and research that have shed light on New Zealand–United Kingdom Free Trade Agreement and its relationship with other phenomena will be examined. In short, this article aims to offer a global and updated vision of New Zealand–United Kingdom Free Trade Agreement, with the aim of contributing to the debate and reflection on this topic that is so relevant today.
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. The broad terms of the agreement were concluded on 20 October 2021. It was the second trade agreement signed by Britain since leaving the European Union that was negotiated completely anew.
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. 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. This free trade agreement came into force on 31 May 2023.
Media related to Relations of New Zealand and the United Kingdom at Wikimedia Commons