UK exports to New Zealand will have tariffs slashed as the two countries signed a new trade agreement, but with a farming union warning it will do little for farmers.
International Trade Secretary Anne-Marie Trevelyan and New Zealand minister for trade and export growth Damien O’Connor have signed the deal, after an agreement in principle was reached last October.
The UK-New Zealand trade relationship was worth £2.3bn in 2020 and is now expected to increase by almost 60% and eliminating tariffs on 100% of UK exports.
