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UK-New Zealand trade deal will be a boost for British consumers and exporters
August 30, 2021, admin

UK-New Zealand trade deal will be a boost for British consumers and exporters

UK-New Zealand trade deal will be a boost for British consumers and exporters.

A trade deal with New Zealand might benefit British consumers and exporters by eliminating tariffs of up to 10% on a range of high-quality products.

A new pact would eliminate import taxes on a wide range of UK goods entering the New Zealand market, giving exporters an advantage over international competitors in the New Zealand import sector, which is forecast to rise 30% by 2030.

British products such as chocolate, whiskey, buses, and clothing could see tariffs of up to 10% eliminated, encouraging New Zealanders to buy British.

In the UK, high-quality New Zealand products such as wine, food, and drink may be duty-free.

The UK’s world-famous fashion industry exported £30 million worth of apparel to New Zealand last year, and businesses such as Tee-Time Garments may now gain from the removal of 10% tariffs on clothing.

The total value of products and services traded between the UK and New Zealand was £2.3 billion last year and is expected to expand further with the conclusion of a trade agreement.

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