UK and New Zealand Sign Comprehensive Trade Deal

The UK has negotiated a far-reaching trade deal with New Zealand that will remove trade restrictions on a vast range of UK goods and services and give new opportunities for British firms.

The deal was signed by International Trade Secretary Anne-Marie Trevelyan and New Zealand Minister for Trade and Export Growth Damien O’Connor. After achieving an agreement in principle last October negotiators have worked tirelessly to finish the accord.

The UK-New Zealand trade relationship was valued £2.3 billion in 2020 and is now forecast to expand by almost 60 percent , boosting our economy by £800 million and improving salaries across the UK while eliminating tariffs on 100 percent of UK exports.

Under the new deal, taxes will be lifted on all UK exports to New Zealand, including current levies of up to 10 percent on apparel and footwear, 5 percent on buses and up to 5 percent on ships, bulldozers and excavators.

Smaller enterprises will also find it easier to break into the New Zealand market as a result of current custom procedures, such as digital paperwork and customs clearance as quick as six hours.

We value your feedback, and if you have any comments, suggestions or anything else that you would like to highlight to us, we will be delighted to hear from you and incorporate your feedback into our content.

Note: While we have made every attempt to ensure that the information contained in this Site has been obtained from reliable sources, Customs Declarations UK is not responsible for any errors or omissions, or for the results obtained from the use of this information. All information in this Site is provided “as is”, with no guarantee of completeness, accuracy, timeliness or of the results obtained from the use of this information, and without warranty of any kind, express or implied, including, but not limited to warranties of performance, merchantability and fitness for a particular purpose. Nothing herein shall to any extent substitute for the independent investigations and the sound technical and business judgment of the reader. In no event will Customs Declarations UK, or its partners, employees or agents, be liable to you or anyone else for any decision made or action taken in reliance on the information in this Site or for any consequential, special or similar damages, even if advised of the possibility of such damages. Certain links in this Site connect to other Web Sites maintained by third parties over whom Customs Declarations UK has no control. Customs Declarations UK makes no representations as to the accuracy or any other aspect of information contained in other Web Sites.