NEW ZEALAND EU TRADE DEAL WELCOMED BY WOOL PRODUCERS, PROCESSORS AND MANUFACTURERS
July 30th, 2022
New Zealand’s major wool producers and exporters have welcomed the free trade agreement struck between their country and the European Union (EU) in June, which will lower international supply chain costs for this key yarn and fabric input.
EU imports of New Zealand wool were already duty free, except for some low duties on more processed items, such as carded wool – 2%, whose smaller duties will now be removed, however. But the deal will also reduce documentation required for release of goods, enabling electronic submission and processing of documents, ...
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