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Representation in Ireland
News article30 June 2022Representation in Ireland1 min read

EU – New Zealand Trade Agreement: Unlocking sustainable economic growth

The EU and New Zealand have today concluded negotiations for a Trade Agreement, which is set to open significant economic opportunities for companies and consumers on both sides.

President von der Leyen with the New Zealand Prime Minister Jacinta Ardern

The deal also includes unprecedented sustainability commitments, including respect of the Paris Climate Agreement and core labour rights, which are enforceable through trade sanctions as a last resort.

Bilateral trade is expected to grow by up to 30% thanks to this deal, with EU annual exports potentially growing by up to €4.5 billion. EU investment into New Zealand has a potential to grow by up to 80%. The deal can cut some €140 million a year in duties for EU companies from the first year of application.

European Commission President, Ursula von der Leyen, said: 

“New Zealand is a key partner for us in the Indo-Pacific region. This trade agreement brings major opportunities for our companies, our farmers and our consumers, on both sides. It can help increase trade between us by 30%. It includes unprecedented social and climate commitments. This new agreement between the European Union and New Zealand comes at an important geopolitical moment. Democracies – like ours – work together and deliver for people.”

More information

Full press release

EU-New Zealand trade agreement page

EU-NZ FTA TSD factsheet

EU-NZ FTA agriculture factsheet



EU-New Zealand trade relations


Publication date
30 June 2022
Representation in Ireland