United Kingdom announces a post-Brexit trade agreement with New Zealand

After Australia and Japan, United Kingdom announced on Wednesday a post-Brexit trade agreement with New Zealand, which reinforces its commercial links with the

United Kingdom announces a post-Brexit trade agreement with New Zealand

After Australia and Japan, United Kingdom announced on Wednesday a post-Brexit trade agreement with New Zealand, which reinforces its commercial links with the Induspacific Region and its ambition to integrate the Transpacific Trade Treaty.

The culmination of the agreement took place on Wednesday during a video call between British Prime Minister, Boris Johnson, and his New Zealand counterpart, Jacinda Ardern, announced the British Ministry of Commerce in a statement.

"It is an excellent business agreement for the United Kingdom, which reinforces our longeva friendship with New Zealand and our links with the IndoPacific region," said Johnson, cited in the statement.

London hopes that this agreement will open the doors of the Transpacific Free Trade Agreement (CPTPP), "a free change zone that unites 11 nations, with a GDP of 8,400 million dollars (9,790 million euros), according to the statement of the executive.

Signed by New Zealand, Australia, Canada and Japan, the CPTPP is the most important Free Trade Agreement in the region. The British authorities asked to be part of it in February of this year.

After Brexit, London reached trade agreements with the European Union, Japan and Australia, and also with some European countries that are not part of the EU, such as Norway, Iceland and Liechtenstein.

Updated Date: 20 October 2021, 23:40

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