UK and New Zealand Ink New Free Trade Agreement
The United Kingdom and New Zealand agreed to a new trade deal following 16 months of talks, the Department for International Trade said. In a video call, prime ministers Boris Johnson of the U.K. and Jacinda Ardern of New Zealand…
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praised the deal for removing barriers to trade while deepening market access for sectors such as tech and the services trade, DIT said. Tariffs will be dropped on a wide range of U.K. goods including clothing and ships, bulldozers and excavators, DIT said. Improved travel conditions for professionals will also be implemented, the U.K. said. "This deal is a win-win for two like-minded democracies who believe in free and fair trade," said British Trade Secretary Anne-Marie Trevelyan. "It delivers for families, workers and businesses across Britain, and sets the stage for greater cooperation between our two nations on global challenges like digital trade and climate change. It is a vital part of our plan to level up the country: slashing costs and red tape for exporters, building new trade routes for our services companies and refocusing Britain on the dynamic economies of the Asia-Pacific."