Skip to Content

UK, New Zealand approve trade deal; hope it opens more doors

Associated Press

LONDON (AP) — Britain and New Zealand have agreed to a trade deal that eliminates tariffs on a wide range of goods as the U.K. expands economic links around the world following its exit from the European Union. The deal was cemented in a conference call between U.K. Prime Minister Boris Johnson and his New Zealand counterpart Jacinda Ardern on Wednesday after 16 months of talks by negotiators. Although New Zealand accounts for only 0.2% of UK trade, Britain hopes it will help open the door toward membership in the trans-Pacific trade partnership. The partnership, which includes Japan, Canada and Vietnam, had GDP of 8.4 trillion pounds ($11.6 trillion) in 2020. British farmers are hesitant about the trade deal, saying it could flood the British market with food imports.

The Associated Press

Skip to content