NZ-EU Free Trade Agreement now live!

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NZ-EU Free Trade Agreement now live!

NZ has ratified the NZ-EU Free Trade Agreement. This means that the agreement entered into force on May 1, 2024.

© Todd McClay

New Zealand's Parliament ratified the FTA in March 2024.

Bilateral trade in goods between the two partners has risen steadily in recent years, reaching over €8 billion in 2021. The EU is New Zealand's third-biggest trade partner.

According to the impact assessment, trade between New Zealand and the EU could increase by 30%; trade in goods could increase by 47%, whereas the services trade could increase by 14%.