Commons Sense

House of Commons · Written Ministerial Statement

United Kingdom - New Zealand Free Trade Agreement

01 March 2022 · Department for International Trade

Proposed by Anne-Marie Trevelyan Con Berwick-upon-Tweed

Business & Trade

Summarised by AI from the official record, so it can contain mistakes.

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At a glance

Key points

  • The UK and New Zealand signed a free trade agreement on February 28, 2022.
  • The agreement aims to increase bilateral trade by nearly 60% and boost the UK economy by 800 million.
  • The UK Government published an unnumbered Command Paper with details about the agreement.

Issue summary

The statement is about the signing of the UK-New Zealand Free Trade Agreement on February 28, 2022.

Action requested

The Government has signed a free trade agreement with New Zealand that aims to increase bilateral trade by almost 60%, boost the economy by £800 million, and support gender equality, consumer protection, SMEs, environmental commitments, and Māori interests. The UK Government has published an unnumbered Command Paper containing information about the agreement.

Key facts

  • The deal was signed on February 28, 2022.
  • It is expected to increase bilateral trade by almost 60%.
  • The agreement will boost the economy by £800 million.
  • In 2020, the UK-New Zealand trade relationship was worth £2.3 billion.
  • The deal supports New Zealand’s bid for CPTPP membership with a combined GDP of £8.4 trillion in 2020.
  • It includes an environment chapter reinforcing commitments to net zero and the Paris Agreement.
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