New Zealand–United Kingdom Free Trade Agreement
- Damien O'Connor
- Liz Truss
until 15 September 2021
Anne-Marie Trevelyan
from 15 September 2021
- New Zealand
- United Kingdom
The New Zealand–United Kingdom free trade agreement (NZUKFTA) 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.
Negotiations
Round | Dates | Location | Ref. |
---|---|---|---|
1 | 13–24 July 2020 | Virtual meeting | [3] |
2 | 19 October–2 November 2020 | Virtual meeting | [3] |
3 | 26 January–9 February 2021 | Virtual meeting | [3] |
4 | 12–27 April 2021 | Virtual meeting | [3] |
5 | 8–16 June 2021 | Virtual meeting | [3] |
6 | 19–30 July 2021 | Virtual meeting | [3] |
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.[4][5] 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.[6] This free trade agreement came into force on 31 May 2023.[7][8]
Impact
After 12 months of the FTA entering into effect, Trade Minister Todd McClay announced that the United Kingdom became New Zealand's fastest growing export market.[9]
See also
- 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
- ^ "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.
- ^ a b c d e f "Timeline and history of the negotiations". Ministry of Foreign Affairs and Trade. Archived from the original on 29 April 2024. Retrieved 4 May 2024.
- ^ 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.
- ^ "Govt Urges Businesses to Use Reduced Tariff Rates Under UK Free Trade". Devdiscourse. Wellington. 31 May 2024. Archived from the original on 31 May 2024. Retrieved 31 May 2024.
External links
- v
- t
- e
- Nauru Island Agreement
- New Zealand–United Kingdom Free Trade Agreement
- Commonwealth of Nations
- Royal tours of New Zealand
- New Zealand Constitution Act 1846
- New Zealand Constitution Act 1852
- Statute of Westminster 1931
- Statute of Westminster Adoption Act 1947
- New Zealand Constitution Amendment Act 1947
- New Zealand Constitution Amendment (Request and Consent) Act 1947
- British Nationality and New Zealand Citizenship Act 1948
- Constitution Act 1986
- Imperial Laws Application Act 1988
- Paris Convention for the Protection of Industrial Property
- Treaty of Bern
- Berne Convention (1906)
- International Agreement for the suppression of the White Slave Traffic
- Agreement for the Suppression of the Circulation of Obscene Publications
- International Opium Convention
- Paris Convention of 1919
- Declaration recognising the Right to a Flag of States having no Sea-coast
- International Convention for the Suppression of the Traffic in Women and Children
- Svalbard Treaty
- Geneva Convention on Prisoners of War (1929)
- Geneva Convention on the Wounded and Sick (1929)