A significant milestone in ratifying the NZ-EU Free Trade Agreement (FTA) was reached last night, with 524 of the 705 member European Parliament voting in favour to approve the agreement.
“I’m delighted to hear of the successful vote to approve the NZ-EU FTA in the European Parliament overnight. This is an important step towards the agreement entering into force,” Minister for Trade and Export Growth Damien O’Connor said.
“The broad support for the agreement from across the European Parliament demonstrates the value of this deal to both parties. The FTA will provide a boost to the already strong trade and investment links between New Zealand and Europe.
“New Zealand is also working at pace to ratify the agreement, so that our exporters can take advantage of its benefits as soon as possible. This could see the agreement entering into force as early as the first half of 2024,” Damien O’Connor said.
Benefits of the deal include:
For more information: beehive.govt.nz
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