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New Zealand signs historic free trade deal with the United Kingdom

  • UK to eliminate all tariffs on New Zealand exports, with duties removed on 99.5 percent of current trade from entry into force.
  • Boost to New Zealand’s GDP estimated between $700 million and $1 billion
  • NZ exporters to save approximately $37 million per year on tariff elimination alone from day one.
  • Significant new duty-free quota access for beef, sheep meat, butter and cheese – with all quotas and tariffs removed after 5-15 years.

Source beehive.hovt.nz

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