UK-NZ free trade agreement reached, promising zero-tariffs and $970m economic boost

A Stuff article.

A major free trade deal between New Zealand and the United Kingdom has been struck, promising zero-tariffs for all New Zealand exports and a $970 million economic boost.

The sweeping “in-principle” deal will entirely remove tariffs on 97 per cent of goods once a final agreement is settled, and beef and sheep meat exports – one of the most contentious aspects of negotiations – will be tariff-free in 15 years.

The agreement will also significantly open New Zealand up to British contractors and business professionals, raise the threshold for scrutinising UK investments in New Zealand to $200 million, and, notably, the UK has committed to help New Zealand protect the world-famous Ka Mate haka.

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