Today’s announcement of a comprehensive new Free Trade Agreement (FTA) with the United Kingdom will offer some welcome
variation in market access to New Zealand exporters, say the EMA.
"It’s great news for many of our export members, particularly in the horticulture, wine and honey sectors. The dropping
of 97% of all tariffs from day one is a major success and the access to new investment in both direction is also
significant," says Chief Executive, Brett O’Riley.
"I don’t think New Zealand would have had this level of free access into the UK since before the UK first went into the
then European Economic Community (EEC) back in 1973. That was a black day for many exporters, but this announcement is a
bit ‘Back to the Future’ in terms of access."
New Zealand is just the second country to negotiate an FTA with the UK since Brexit with many tariffs being dropped
immediately. There are exceptions in some areas of our agriculture exports.
"Those exceptions aren’t unexpected as they tend to be among the sticking points in most of our FTA negotiations. But
there is still good news for the sheep and beef sectors with larger export quotas and the longer-term dropping of all
tariffs on those exports."
Mr O’Riley says the new agreement was an opportunity for exporters to look to another market with basically free access
and to grow our exports to the UK, currently our seventh largest market.