$20m deal for New Zealand seafood secured with a signed EU-NZ FTA
New Zealand seafood will gain $20 million in tariff reductions when the Free Trade Agreement (FTA) with the European Union comes into force in the first quarter of 2024. The FTA was signed in Brussels on 9 July, slightly more than one year to the date that FTA negotiations concluded. The elimination of tariffs (a tax imposed on imported products) will considerably increase the earnings from New Zealand seafood exports, “New Zealand commercial fishers are stepping up to meet the demand and maintain our global reputation for high-quality, sustainable wild-caught fish. The impact of this deal will be felt across the sector, from the many small family-run fishing businesses to the larger companies that are major employers in our regions,” Dr Helson says. >click to read< 19:26
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