Friday, October 7, 2022
Home EU New Zealand Free Trade Agreement and EU now without import duties

New Zealand Free Trade Agreement and EU now without import duties

The European Union and New Zealand have signed a free trade agreement that will increase bilateral trade by 30 percent. Both trading partners are abolishing almost all import duties. The free trade agreement has been negotiated for more than four years.

According to European Trade Commissioner Valdis Dombrovskis, the deal heralds a "new generation" of trade agreements, incorporating sanctions for the first time if the other side violates core labor principles or the Paris climate agreement. 

Provisions on sustainable food systems, gender equality and reform of fossil fuel subsidies have also been included for the first time.

The Tariff Quota Agreement (TRQ) includes significantly increased access to the EU market for New Zealand dairy, mutton and beef. The European agricultural umbrella organization Copa-Cosega speaks of 'painful compromises for sensitive sectors'. This will only increase the European negative trade balance (about €750 million in 2021) on agriculture.

In addition, the concession of an additional 38,000 tonnes for sheep meat is in addition to the current WTO criteria market entry of 114,184 tonnes. This is of great concern, according to Copa-Cosega, about the cumulative impact of concessions granted to New Zealand by the EU.

European products, such as wine and pork, are already present on the relatively small New Zealand market (4.8 million inhabitants), leaving few options for rebalancing the agricultural trade balance, the European agri-dome fears.

Popular

Dutch trial at EU Court against ban on pulse fishing

The Netherlands goes to the European Court of Justice to challenge the pulse fishing ban. According to Minister Schouten (LNV) there are ...

Spain asks Belgium again for extradition of Catalan politician

The former Catalan region president Carles Puigdemont has reported to the Belgian judiciary in Brussels. The Spanish Supreme Court again had Monday ...

Labor & #8217; s second man also resigns; loss of moderate anti-Brexiteers

In Great Britain, Tom Watson, deputy party leader of the Labor party, unexpectedly announced his retirement. He does not stand for election ...

Slovakia will prosecute perpetrators of the murder of journalist Kuciak

Nearly two years after the murder of journalist Jan Kuciak and his fiancee charges, justice and police in Slovakia filed charges ...

The Ministry of Foreign Affairs calls on the Dutch in Baghdad to leave Iraq as quickly as possible

The current "cycle of violence" in Iraq must end before the situation gets completely out of hand ....

Just in

Extra G20 summit on more exports of cheaper Russian fertilizer

The United Nations applauds the "success" of the recent agreement between Kiev and Moscow to unblock grain exports...

EU: money from rural fund also for biogas and new energy rate

The EU countries agree that part of the hundreds of billions for the European energy transition will have to come from...

After 15 years, one charging cord for MEP Toine Manders

After almost fifteen years of haggling about procedures and powers, there is finally one universal European charger for all mobile phones and...

European Union improves the approach to cross-border diseases

Since the corona pandemic, the European Union has been working on the establishment of a Health Union, the contours of which are becoming increasingly visible...

Bird flu among poultry in the EU has never been as serious as this season

Avian flu among poultry in Europe has never been this serious in recent decades. The spread of highly pathogenic avian influenza is...