EU-New Zealand agreement

The trade agreement between the European Union and New Zealand entered into force on 1 May 2024.

Bilateral trade in goods between the two partners has risen steadily in recent years, reaching almost €9.1 bn in 2022.

The EU is New Zealand's third-biggest trading partner.

According to an impact assessment on the FTA, trade between New Zealand and the EU is expected to increase by 30%, with removing tariffs alone saving businesses €140 million in duties per year. Moreover, EU investment flows into New Zealand could increase by over 80%.

• Creates significant economic opportunities for companies, farmers and consumers;
• Respects the Paris Climate Agreement and core labour rights, enforceable through trade sanctions as a last resort, and:
• Cements EU ties with a like-minded ally in the economically dynamic Indo-Pacific region.

• How to benefit from the EU-New Zealand trade agreement
• Press release: EU-New Zealand trade agreement enters into force, opening new opportunities for EU exporters
• Memo: Key elements of the EU-New Zealand trade agreement