Trade agreement between EU and New Zealand

Officials from the European Union and New Zealand concluded negotiations for a trade agreement.

Concluded negotiations for a trade agreement

30 June 2022

Officials from the European Union (EU) and New Zealand today concluded negotiations for a trade agreement.

According to an EC release, the trade agreement would:

Provide new export opportunities for businesses
Eliminate tariffs on EU exports such as "pigmeat," wine and sparkling wine, chocolate, sugar confectionary and biscuits
Protect the full list of EU wines and spirits
Integrate the EU's new approach to trade and sustainable development

Next steps

The negotiated draft texts are scheduled to be published shortly. These texts will go through legal revision (“legal scrubbing”) and will be translated into all official EU languages.
Following that, the European Commission will submit the agreement for signature and conclusion to the European Council. Once adopted by the Council, the EU and New Zealand can sign the agreement.
Following the signature, the text will be transmitted to the European Parliament for consent.
After the consent by the Parliament, and once New Zealand also ratifies it, the agreement can enter into force.

For more information, contact a professional with KPMG’s Trade & Customs services:

Doug Zuvich Partner and Global Practice Leader E: dzuvich@kpmg.com	John L. McLoughlin Principal and East Coast Leader E: jlmcloughlin@kpmg.com
Andy Siciliano Partner and National Practice Leader E: asiciliano@kpmg.com	Steve Brotherton Principal and Global Export and Sanctions Leader E: sbrotherton@kpmg.com
Luis (Lou) Abad Principal, Washington National Tax E: labad@kpmg.com	Irina Vaysfeld Principal E: ivaysfeld@kpmg.com
Amie Ahanchian Principal E: aahanchian@kpmg.com	Christopher Young Principal E: christopheryoung@kpmg.com
Gisele Belotto Principal E: gbelotto@kpmg.com	George Zaharatos Principal E: gzaharatos@kpmg.com
Andy Doornaert Managing Director E: adoornaert@kpmg.com	Jessica Libby Principal E: jlibby@kpmg.com

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