Free Trade Agreement EU – New Zealand entered into force on May 1, 2024

On 1 May 2024, the Free Trade Agreement (FTA) between the European Union and New Zealand, signed in Brussels on 9 July 2023, has entered into force.

This FTA will lead to increased trade between the EU and New Zealand, and will offer, amongst others, lower trade barriers and customs duty rates.

In order to be able to benefit from these trade preferences, it will be key to meet the rules of origin concerned, and to comply with any documentary requirements.

The FTA includes streamlined customs procedures, including origin confirmation through statements on origin.

This might be the right moment to review and assess the potential preferential status of your trade flows globally, and to look for untapped customs duty savings in your supply chain.

Customs Square can guide you in this complex field, and can jointly look for opportunities.

 

Source/read more:

Notice concerning the date of entry into force of the Free Trade Agreement between the European Union and New Zealand (europa.eu)

Free Trade Agreement between the European Union and New Zealand (europa.eu)

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