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International Business Times
International Business Times
Business
AFP News

EU-NZ Trade Pact Gets Brussels' Final Green Light

European Union Brussels New Zealand Australia
Two-way trade between New Zealand and the EU is expected to grow by 30 percent under their pact (Credit: AFP)

Brussels on Monday gave the final green light for an EU-New Zealand trade deal that, while mutually lowering barriers for both markets, highlights the recent failure of EU-Australia negotiations.

The European Council, representing the EU's 27 member countries, said it adopted the New Zealand pact, setting it up come into force "probably in early 2024" once Wellington ratifies it.

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