{"id":138229,"date":"2023-07-10T11:05:26","date_gmt":"2023-07-10T09:05:26","guid":{"rendered":"https:\/\/www.cde.ual.es\/?p=138229"},"modified":"2023-07-10T11:05:26","modified_gmt":"2023-07-10T09:05:26","slug":"eu-and-new-zealand-sign-ambitious-free-trade-agreement","status":"publish","type":"post","link":"https:\/\/www.cde.ual.es\/en\/eu-and-new-zealand-sign-ambitious-free-trade-agreement\/","title":{"rendered":"EU and New Zealand sign ambitious free trade agreement"},"content":{"rendered":"<p style=\"text-align: justify;\">The EU and New Zealand have signed their free trade agreement (FTA), which will deliver significant gains for the EU. The deal will cut some \u20ac140 million a year in duties for EU companies from the first year of application. As a result, bilateral trade is expected to grow by up to 30% within a decade, thanks to this deal, with EU annual exports potentially growing by up to \u20ac4.5 billion.<\/p>\n<p><a href=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2023\/07\/new-zealand-eu.jpg\"><img decoding=\"async\" class=\"size-full wp-image-138230 aligncenter\" src=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2023\/07\/new-zealand-eu.jpg\" alt=\"\" width=\"680\" height=\"680\" srcset=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2023\/07\/new-zealand-eu.jpg 680w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2023\/07\/new-zealand-eu-300x300.jpg 300w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2023\/07\/new-zealand-eu-150x150.jpg 150w, https:\/\/www.cde.ual.es\/wp-content\/uploads\/2023\/07\/new-zealand-eu-120x120.jpg 120w\" sizes=\"(max-width: 680px) 100vw, 680px\" \/><\/a><\/p>\n<p style=\"text-align: justify;\">EU investment into New Zealand has a potential to grow by up to 80%. This landmark agreement also includes unprecedented sustainability commitments, including respect of the Paris Climate Agreement and core labour rights.<\/p>\n<p style=\"text-align: justify;\">The agreement is now sent to the European Parliament for its consent. Following the completion of the ratification process in both the EU and New Zealand, the deal enters into force.<\/p>\n<p style=\"text-align: justify;\">Trade agreements are part of the EU&#8217;s open trade \u2013 or \u2018partnering&#8217; &#8211; approach, which is one of the three goals of the\u00a0<a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/IP_23_3358\">European Economic Security Strategy<\/a>\u00a0presented last month. This agreement with New Zealand also demonstrates how the EU is stepping up engagement with this burgeoning region of the world, delivering on its Indo-Pacific Strategy.<\/p>\n<p style=\"text-align: justify;\"><strong>New export opportunities for businesses big and small<\/strong><\/p>\n<p style=\"text-align: justify;\">The EU-New Zealand FTA will provide new opportunities for businesses by:<\/p>\n<ul style=\"text-align: justify;\">\n<li>eliminating all tariffs on EU exports to New Zealand;<\/li>\n<li>opening the New Zealand services market in key sectors such as financial services, telecommunications, maritime transport and delivery services;<\/li>\n<li>ensuring non-discriminatory treatment to EU investors in New Zealand and vice versa;<\/li>\n<li>improving access for EU companies to New Zealand government procurement contracts for goods, services, works and works concessions;<\/li>\n<li>facilitating data flows, predictable and transparent rules for digital trade and secure online environment for consumers;<\/li>\n<li>preventing unjustified data localisation requirements and maintaining high standards of personal data protection;<\/li>\n<li>helping small businesses export more through a dedicated chapter on small and medium enterprises;<\/li>\n<li>significantly reducing compliance requirements and procedures to allow for quicker flow of goods;<\/li>\n<li>significant commitments by New Zealand to protect and enforce intellectual property rights, aligned with EU standards.<\/li>\n<\/ul>\n<p style=\"text-align: justify;\"><strong>Agri-food: stimulating EU exports while shielding EU sensitivities<\/strong><\/p>\n<p style=\"text-align: justify;\">EU farmers will have much better opportunities to sell their produce in New Zealand immediately upon application of the agreement. Tariffs will be eliminated as of day one on key EU exports such as pig meat, wine and sparkling wine, chocolate, sugar confectionary and biscuits.<\/p>\n<p style=\"text-align: justify;\">EU farmers will see benefits beyond the tariff cuts. The FTA will protect the full list of EU wines and spirits (close to 2,000 names) such as Prosecco, Polish Vodka, Rioja, Champagne and Tokaji. In addition, 163 of the most renowned traditional EU products (Geographical Indications), such as Asiago, Feta, Comt\u00e9 or Queso Manchego cheeses, Istarski pr\u0161ut ham, L\u00fcbecker Marzipan, Elia Kalamatas olives will be protected in New Zealand.<\/p>\n<p style=\"text-align: justify;\">The agreement takes into account the interests of EU producers of sensitive agricultural products: several dairy products, beef and sheep meat, ethanol and sweetcorn. For these sectors, there will be no liberalisation of trade. Instead, the agreement will allow zero or lower tariff imports from New Zealand only in limited amounts (through so-called Tariff Rate Quotas).<\/p>\n<div class=\"ep_gridcolumn-content\" style=\"text-align: justify;\">\n<div class=\"ep-a_text\">\n<p class=\"ep-wysiwig_paragraph\">\n<\/div>\n<\/div>\n<table style=\"width: 99.9988%; border-collapse: collapse; border-style: double; border-color: #001f7d;\" cellpadding=\"0,5\">\n<tbody>\n<tr>\n<td style=\"width: 100%;\"><a href=\"https:\/\/www.cde.ual.es\/en\/eu-and-kenya-economic-partnership-agreement\/\" target=\"_blank\" rel=\"noopener\"><img decoding=\"async\" class=\"alignleft\" src=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2023\/06\/eu-kenya.jpg\" alt=\"\" width=\"201\" height=\"134\" \/><\/a><\/p>\n<p class=\"entry-title\"><strong><a href=\"https:\/\/www.cde.ual.es\/en\/eu-and-kenya-economic-partnership-agreement\/\" target=\"_blank\" rel=\"noopener\">EU and Kenya: Economic Partnership Agreement<\/a><\/strong><\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<div class=\"ep_gridcolumn-content\" style=\"text-align: justify;\">\n<div class=\"ep-a_text\">\n<p class=\"ep-wysiwig_heading-2\">\n<\/div>\n<\/div>\n<p style=\"text-align: justify;\"><strong>The most ambitious sustainability commitments in a free trade agreement ever<\/strong><\/p>\n<p style=\"text-align: justify;\">The EU-New Zealand FTA is the first one to integrate the EU&#8217;s new approach to trade and sustainable development announced in the\u00a0<a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_22_3921\">Communication \u201cThe power of trade partnerships: together for green and just economic growth\u201d<\/a>, adopted just a week before the negotiations of the free trade agreement were concluded in June 2022.<\/p>\n<p style=\"text-align: justify;\">Both sides agreed to ambitious TSD commitments covering a wide range of issues based on cooperation and strengthened enforcement. For the first time ever in an EU free trade agreement, the deal has a dedicated sustainable food systems chapter, a dedicated trade and gender equality article and a specific provision on trade and fossil fuel subsidies reform. The deal also liberalises environmental goods and services at entry into force.<\/p>\n<p style=\"text-align: justify;\"><strong>Next steps<\/strong><\/p>\n<p style=\"text-align: justify;\">The text will now be transmitted to the European Parliament for consent. After the consent by the Parliament, the Council can adopt the Decision on conclusion, and once New Zealand notifies that it has also completed its ratification procedure, the agreement can enter into force<em>.<\/em><\/p>\n<p style=\"text-align: justify;\"><strong>More information: <a href=\"https:\/\/ec.europa.eu\/commission\/presscorner\/detail\/en\/ip_23_3715\">European Commission<\/a><\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The EU and New Zealand have signed their free trade agreement (FTA), which will deliver significant gains for the EU. The deal will cut some \u20ac140 million a year in duties for EU companies from the first year of application. As a result, bilateral trade is expected to grow by up to 30% within a [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":138230,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_relevanssi_hide_post":"","_relevanssi_hide_content":"","_relevanssi_pin_for_all":"","_relevanssi_pin_keywords":"","_relevanssi_unpin_keywords":"","_relevanssi_related_keywords":"","_relevanssi_related_include_ids":"","_relevanssi_related_exclude_ids":"","_relevanssi_related_no_append":"","_relevanssi_related_not_related":"","_relevanssi_related_posts":"","_relevanssi_noindex_reason":"","_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[346,4064,4065],"tags":[779,9889,9888],"class_list":{"0":"post-138229","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-eu-news","8":"category-institutional","9":"category-international-pol-coop","10":"tag-eu-en","11":"tag-free-trade-agreement","12":"tag-new-zealand","13":"entry"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>EU and New Zealand sign ambitious free trade agreement | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.cde.ual.es\/en\/eu-and-new-zealand-sign-ambitious-free-trade-agreement\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"EU and New Zealand sign ambitious free trade agreement | CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda\" \/>\n<meta property=\"og:description\" content=\"The EU and New Zealand have signed their free trade agreement (FTA), which will deliver significant gains for the EU. 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As a result, bilateral trade is expected to grow by up to 30% within a [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.cde.ual.es\/en\/eu-and-new-zealand-sign-ambitious-free-trade-agreement\/\" \/>\n<meta property=\"og:site_name\" content=\"CDE Almer\u00eda - Centro de Documentaci\u00f3n Europea - Universidad de Almer\u00eda\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/cdeuniversidadalmeria\/\" \/>\n<meta property=\"article:published_time\" content=\"2023-07-10T09:05:26+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.cde.ual.es\/wp-content\/uploads\/2023\/07\/new-zealand-eu.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"680\" \/>\n\t<meta property=\"og:image:height\" content=\"680\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"AdminCDE\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cdeualmeria\" \/>\n<meta name=\"twitter:site\" content=\"@cdeualmeria\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"AdminCDE\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"4 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.cde.ual.es\\\/en\\\/eu-and-new-zealand-sign-ambitious-free-trade-agreement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.cde.ual.es\\\/en\\\/eu-and-new-zealand-sign-ambitious-free-trade-agreement\\\/\"},\"author\":{\"name\":\"AdminCDE\",\"@id\":\"https:\\\/\\\/www.cde.ual.es\\\/#\\\/schema\\\/person\\\/224ef08c8bcc005f319d2713ce37ee5f\"},\"headline\":\"EU and New Zealand sign ambitious free trade agreement\",\"datePublished\":\"2023-07-10T09:05:26+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.cde.ual.es\\\/en\\\/eu-and-new-zealand-sign-ambitious-free-trade-agreement\\\/\"},\"wordCount\":712,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.cde.ual.es\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.cde.ual.es\\\/en\\\/eu-and-new-zealand-sign-ambitious-free-trade-agreement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.cde.ual.es\\\/wp-content\\\/uploads\\\/2023\\\/07\\\/new-zealand-eu.jpg\",\"keywords\":[\"EU\",\"free trade agreement\",\"New Zealand\"],\"articleSection\":[\"EU News\",\"Institutional Affairs\",\"International Politics and Cooperation\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.cde.ual.es\\\/en\\\/eu-and-new-zealand-sign-ambitious-free-trade-agreement\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.cde.ual.es\\\/en\\\/eu-and-new-zealand-sign-ambitious-free-trade-agreement\\\/\",\"url\":\"https:\\\/\\\/www.cde.ual.es\\\/en\\\/eu-and-new-zealand-sign-ambitious-free-trade-agreement\\\/\",\"name\":\"EU and New Zealand sign ambitious free trade agreement | CDE Almer\u00eda - 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