- UK to eliminate all tariffs on New Zealand exports, with duties removed on 99.5 percent of current trade from entry into force.
- Boost to New Zealand’s GDP estimated between $700 million and $1 billion
- NZ exporters to save approximately $37 million per year on tariff elimination alone from day one.
- Significant new duty-free quota access for beef, sheep meat, butter and cheese – with all quotas and tariffs removed after 5-15 years.
Source beehive.hovt.nz
