Britain to start free trade with New Zealand and Australia
Britain’s free trade agreements with New Zealand and Australia will come into force by the end of this month
By NICK PERRY
Published - May 04, 2023, 10:18 PM ET
Last Updated - Jun 21, 2023, 10:33 PM EDT
WELLINGTON, New Zealand (AP) — Britain's free trade agreements with New Zealand and Australia will come into force by the end of this month, the leaders from the three nations said Friday.
The announcement came while the prime ministers from the two Southern Hemisphere nations are in London for the coronation of King Charles III.
The deals are part of Britain's efforts to expand its economic ties after it left the European Union. Both deals were first agreed to in 2021.
New Zealand officials say its deal will help boost sales of products like wine, butter, beef and honey, and will increase the size of its economy by up to 1 billion New Zealand dollars ($629 million).
