News
Trade deal makes exporting easier
If you want to grow your business maybe it’s time to think about exporting.
The Free Trade Agreement (FTA) signed between New Zealand and the United Kingdom (UK) early in 2022 makes it easier and cheaper for Kiwi businesses to export to the UK. It also provides opportunities for businesses large and small to grow, invest and diversify.
The FTA market access package is one of the best New Zealand has secured in any trade deal. Overall, this means 99.5% of current New Zealand goods can now enter the UK tariff-free.
The agreement means:
- No tariffs on most exports to the UK
- Easier access to the UK market
- Protecting and promoting M?ori interests under the Treaty of Waitangi obligations
- Savings of about $37 million a year for Kiwi businesses
- .Exports to the UK to increase by about 50%.
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For more on what the FTA means for you, information on how it affects primary and service industries, as well as obligations in the agreement that benefit SMEs specifically, visit the Ministry of Foreign Affairs and Trade website.
New Zealand-United Kingdom Free Trade Agreement(external link) — Ministry of Foreign Affairs and Trade
There are heaps of benefits in selling your products or services overseas but there are also some challenges that come with exporting. So, before you take the first steps in becoming an exporter it’s important to get expert advice.
For more information on how to get into exporting and overcome the challenges, click on the links below:
Questions to ask yourself before exporting
Source: www.business.govt.nz