Negotiations about FTA EU – New Zealand were concluded and the process leading to enter into force will begin
11.07.2022 / 04:26 | Aktualizováno: 11.07.2022 / 04:40
On 30 June 2022, the EU and New Zealand have concluded negotiations for a Trade Agreement, which is set to open significant economic opportunities for companies and consumers on both sides. The deal also includes unprecedented sustainability commitments, including respect of the Paris Climate Agreement and core labour rights, which are enforceable through trade sanctions as a last resort.
Bilateral trade is expected to grow by up to 30% thanks to this deal, with EU annual exports potentially growing by up to €4.5 billion. EU investment into New Zealand has a potential to grow by up to 80%. The deal can cut some €140 million a year in duties for EU companies from the first year of application.
The process leading to the signature and ratification of the agreement by the parliaments of both parties and enter into force will now begin.
Czech companies will get better opportunities to enter the NZ market and benefit from new conditions eliminating tariffs and other trade barriers. Perspective Czech export sectors: energy, environment and water management, medical devices, construction, agriculture incl. machinery, ICT.
Milan Vagner
Economic Diplomat
Embassy of the Czech Republic in Canberra
Follow us on