Economic news
EU, New Zealand conclude negotiations for trade deal – EU’s von der Leyen
2022.06.30 17:15
FILE PHOTO: European Commission President Ursula von der Leyen attends the NATO summit in Madrid, Spain June 29, 2022. Brendan Smialowski/Pool via REUTERS
BRUSSELS (Reuters) – The European Union and New Zealand have completed negotiations to create a free trade agreement that could boost trade between the two partners by 30%, European Commission President Ursula von der Leyen said on Thursday.
Free trade negotiations begin in mid-2018 and, for the EU, are designed to put the bloc’s trade relations with New Zealand on a par with countries that already have a trade agreement with New Zealand, notably those of the 11-nation CPTPP Asia-Pacific deal.
