UK and New Zealand strike a 'win-win’ new trade deal

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Published on 21 Oct 2021, 6:25
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The UK and New Zealand have agreed a trade deal that will expand the existing £2.3 billion of trade and should make imports of some Sauvignon Blanc and honey cheaper.

Boris Johnson and Jacinda Ardern, the New Zealand prime minister, talked on Wednesday and agreed the deal, which will need to be ratified by Parliament, in principle.

Tariffs as high as 10 per cent on British goods such as clothing, footwear, buses, ships and bulldozers will be removed, boosting sale opportunities in New Zealand. In turn, New Zealand products such as Sauvignon Blanc, Manuka honey and kiwifruit should become cheaper to import into the UK.

There will also be benefits for British lawyers and architects, who will be able to work in New Zealand more easily, as well as improvement to business travel arrangements.

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