Business Canterbury (formerly the Canterbury Employers’ Chamber of Commerce) welcomes today’s commencement of the New
Zealand-European Union Free Trade Agreement (FTA). The agreement, which has been highly anticipated by businesses,
promises immediate tariff eliminations and new quota opportunities that will boost Canterbury's export revenue
significantly over the next five years.
Chief Executive, Leeann Watson says "This agreement is a game-changer for our members and the wider Canterbury business
community. It's not just about the immediate financial gains from reduced tariffs, but also about the long-term
opportunities for growth and partnership with European markets."
"The timing of the FTA's entry into force means that Canterbury's horticulture exports will benefit from substantial
tariff savings this season, with onion growers expecting $3 million in tariff savings.
"In total, Canterbury should be in line to generate hundreds of millions of dollars in additional export revenue over
the next five to seven years, which is perfect timing given the challenging economic conditions we are seeing across the
country right now.
"Beyond agriculture, service exporters are now better positioned to compete in the European market, levelling the
playing field against competitors from the UK, Singapore, and local businesses.
"The agreement also facilitates the movement of staff and their families into the European market, which is crucial for
businesses looking to expand their operations or collaborate internationally."
Business Canterbury is set up well to support expansion into the European market and has a dedicated Global Trade team
ready to assist businesses in taking full advantage of the FTA. More information on our global trade support can be
found on the Business Canterbury website.