India, May 1 -- The EU-New Zealand trade agreement entered into force Wednesday. The deal, which is expected to cut EUR140 million a year in duties for EU companies, offers new export opportunities to businesses, producers and farmers in the European Union.
The European Commission estimates that with this deal, EU-New Zealand trade is expected to grow by up to 30 percent within a decade, with EU exports potentially growing by up to EUR4.5 billion annually.
This landmark agreement also includes unprecedented sustainability commitments, including respect of the Paris Climate Agreement and core labour rights.
EU farmers will benefit from the elimination of tariffs on key EU exports such as pig meat, wine and sparkling wine, chocolate, sugar...