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United Kingdom - New Zealand Free Trade Agreement

01 March 2022

Proposing MP
Anne-Marie Trevelyan Con
Berwick-upon-Tweed
Type
Written Ministerial Statement
Department
Department for International Trade
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At a Glance

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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