EU Signs New Zealand Trade Deal To Boost Exports, Investments

The European Union signed a free trade agreement with New Zealand that aims to increase its exports there by €4.5 billion a year, a first such deal to also include sustainability goals.

The agreement will cut about €140 million ($153.5 million) a year in duties for the bloc’s companies, with the goal of boosting bilateral trade by 30% within a decade and investment to New Zealand by 80%, according to a joint statement on Sunday.

“It’s an ambitious and very well-balanced free trade agreement,” European Commission President Ursula von der Leyen told reporters in Brussels. “It provides plenty of opportunities ...