UK and New Zealand agree trade deal

21 October, 2021

Courtesy of ICRT


Britain has agreed to a trade deal with New Zealand, eliminating tariffs on a wide range of goods as the UK seeks to expand economic links around the world following its exit from the European Union.


The deal was cemented in a conference call between UK 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 a combined GDP of £8.4 trillion in 2020.


British farmers are hesitant about the trade deal, saying it could flood the British market with food imports.

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