Brexit

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What does Brexit mean for the EU-NZ FTA?

Given that the UK will no longer be a member of the EU Customs Union, the EU-NZ FTA will not include the UK. New Zealand and the UK launched free trade negotiations in June 2020. Concluding FTAs with the EU and UK remains a priority for New Zealand.

The UK and EU now have a Trade and Cooperation Agreement that seems to maintains a high degree of complementarity between the two economies including tariff free access for each other’s goods (although the Agreement still needs to be examined in detail). The Agreement also makes provision for ensuring that goods trade from one to the other does not affect tariff rate quota quantities available to third countries, which was a concern for New Zealand; although we have yet to see exactly how this will be implemented.  

Find out more about the Brexit process and our negotiations for a UK-NZ Free Trade Agreement

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