EUROPEAN AND NEW ZEALAND DAIRY MAJORS BOTH DISAPPOINTED WTH EU/NZ TRADE DEAL
November 28th, 2023
Usually, free trade agreements are good news for dairy industries, or, at worst, one sector feels it has lost out compared to its competitors affected by a deal. But after the European Union (EU) and New Zealand signed a free trade agreement (FTA) this July (2023), after four years of negotiation, both the European and NZ dairy sectors – important global players – were underwhelmed by its terms.
This is despite significant hopes having been pinned on the agreement being able to liberalise and facilitate investment as well as trade: “Bilateral trade is ...
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