Trade Minister: New FTA with UK provides new opportunities for other sectors

Author
Newstalk ZB,
Publish Date
Thu, 21 Oct 2021, 5:35PM
Trade Minister Damien O'Connor. (Photo / NZ Herald)
Trade Minister Damien O'Connor. (Photo / NZ Herald)

Trade Minister: New FTA with UK provides new opportunities for other sectors

Author
Newstalk ZB,
Publish Date
Thu, 21 Oct 2021, 5:35PM

A major free trade deal has been struck between New Zealand and the UK.

It means zero tariffs for nearly all New Zealand exports.

This is a near $1 billion economic boost and its estimated tariff elimination alone will save Kiwi exporters $37 million.

Trade and Export Growth Minister Damien O’Connor told Andrew Dickens the traditional exports industries across the primary sectors — beef, dairy, sheep — are big winners but there are new opportunities for other sectors like IT, digital trade and services.

“There’s opportunities for everyone and it’s our Trade For All agenda that means that we have to look for opportunities for all New Zealanders, not just a few sectors as has been the approach in the past.”

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