U.K. Strikes Free Trade Deal With New Zealand


LONDON, ENGLAND - OCTOBER 20: Prime Minister Boris Johnson leaves number 10, Downing Street as he heads to the weekly PMQ session in the House of Commons on October 20, 2021 in London, England. (Photo by Leon Neal/Getty Images)

LONDON, ENGLAND – OCTOBER 20: Prime Minister Boris Johnson leaves number 10, Downing Street as he heads to the weekly PMQ session in the House of Commons on October 20, 2021 in London, England. (Photo by Leon Neal/Getty Images)


The U.K. recently struck a free trade deal with New Zealand in yet another success for Boris Johnson’s Brexit agenda.

The deal was announced on Wednesday and includes mutual cuts on tariffs, along with easing the movement of goods, services and people between the two countries. The total worth of mutual trade was estimated at $3 billion last year and is expected to increase.

“I think it’s a great deal,” said Prime Minister Johnson. “I think it means that we will be able to have the benefit of our wonderful New Zealand products even more cheaply than before. We’ve got from Sauvignon Blanc to Manuka honey and kiwi fruit and all sorts of other benefits. So, I think it’s a good deal for both of us.”

The U.K.-New Zealand deal comes amid an ongoing trade standoff between Britain and the EU and it’s expected to give London more bargaining power in future talks with Brussels.

“This is a historic, but substantial deal and it’s been achieved basically in a year,” said New Zealand counterpart Jacinda Ardern. “That has never been done before.”

Comments

Popular posts from this blog

Taylor Swift: 'White supremacy is repulsive. There is nothing worse'

Tulsi Gabbard says impeachment of Trump would be 'terribly divisive' for country

Dr. Vladimir Zelenko has now treated 699 coronavirus patients with 100% success

ORIGIN OF THE AKAN - Onyeji Nnaji

GARDEN OF EDEN FOUND IN WEST AFRICA - Onyeji Nnaji

Marine Charged for Facebook Comments Gets Hearing Date

EGYPTIANS LAMBAST NIGERIAN FOOTBALLERS OVER ‘FREQUENT’ PROTESTS

TYPES OF PREPOSITION - Onyeji Nnaji

THE ORIGIN AND HISTORY OF NSUKKA by Onyeji Nnaji