Last reviewed 21 October 2021

A comprehensive trade agreement with New Zealand will, Prime Minister Boris Johnson said, cut red tape for businesses, end tariffs on UK exports and create new opportunities for tech and services companies.

It will also make it easier for UK professionals to live and work in New Zealand.

Mr Johnson agreed what he described as a historic deal with his opposite number, Prime Minister Jacinda Ardern, after 16 months of talks by Department for International Trade (DIT) negotiators.

Tariffs as high as 10% will be removed on a huge range of UK goods, from clothing and footwear to buses, ships, bulldozers and excavators, giving British exporters an advantage over international rivals in the New Zealand import market - a market which is expected to grow by around 30% by 2030.

High-quality New Zealand products loved by British consumers, from Sauvignon Blanc wine to Manuka honey and kiwi fruits, could be cheaper to buy, the Prime Minister said.

“This is a fantastic week for Global Britain,” he went on. “On Tuesday we raised almost £10 billion in investment for the industries of the future, and this new deal will help drive green growth here and on the other side of the world in New Zealand.”

However, although UK-New Zealand trade was worth £2.3 billion last year, and is set to grow under the deal, it should be noted that this accounts for less than 0.2% of total UK trade.