The Apple Transitional Export Quota Bill, which was split out from the rest of the United Kingdom Free Trade Agreement Legislation Bill at committee stage, creates new regime required to administer a transitional apple export quota.
“The Agreement will eliminate all tariffs on apples over three years, with a significant new duty-free quota for off-season exports during this time. This is a fantastic result for our apple growers,” Damien O’Connor said.
“We look forward to the United Kingdom completing its own ratification process, at which point we will work together to set an entry-into-force date for the FTA.
“Our trade agenda has great momentum. We’ve secured four new FTAs in five years and upgraded two existing agreements. In addition, the New Zealand Inc brand was boosted overnight by being ranked number one out of 30 economies in the Trade Sustainability Index, published out of Singapore,” Damien O’Connor said.
The United Kingdom Free Trade Agreement Legislation Bill and the Apple Transitional Export Quota Bill can be read here. Further information on the NZ-UK FTA is available here.
Source: NZ Govt