{"id":986,"date":"2022-03-21T09:42:09","date_gmt":"2022-03-21T08:42:09","guid":{"rendered":"http:\/\/matchplat.local\/uk-new-zealand-free-trade-agreement-opportunities-british-companies\/"},"modified":"2022-03-21T09:42:09","modified_gmt":"2022-03-21T08:42:09","slug":"uk-new-zealand-free-trade-agreement-opportunities-british-companies","status":"publish","type":"post","link":"https:\/\/www.matchplat.com\/en\/uk-new-zealand-free-trade-agreement-opportunities-british-companies\/","title":{"rendered":"UK \u2013 New Zealand free trade agreement: opportunities for British companies"},"content":{"rendered":"

<\/p>\n

How is the UK moving in the current international scenario?<\/p>\n

The diplomatic strategies imposed by the Brexit have pushed the government to look for new ways<\/strong>\u00a0to grow the country\u2019s economy<\/strong>.<\/p>\n

One of these is through the signing of bilateral trade agreements<\/strong> with other countries.<\/p>\n

The latest is the one sealed on 28 February in the presence of New Zealand Minister Damien O’Connor, after just under two years of work<\/a>.<\/p>\n

The UK <\/strong>and New Zealand<\/strong> are laying the foundations for future relations through strategic interventions in specific areas.<\/p>\n

What are the main advantages for British companies<\/strong>? Which sectors<\/strong> will benefit most once the agreement is in place?<\/p>\n

Let’s find out in our analysis.<\/p>\n

<\/p>\n

\"An<\/p>\n

An overview of the agreement between UK and New Zealand<\/strong><\/h2>\n

After reaching agreement in principle last October, the authorities finalised the deal at the end of last month.<\/p>\n

With trade worth \u00a32.3 billion in 2020<\/strong>, future forecasts predict a potential 60% increase in trade between the two nations<\/a>.<\/p>\n

Official sources report that more than 6,700 UK companies exported to New Zealand in 2020<\/strong>, and the number could grow as tariff and non-tariff measures are reduced.<\/p>\n

According to government estimates, the measures are expected to positively impact over 5,000 SMEs with more than 200,000 employees<\/a><\/strong> that export goods to New Zealand.<\/p>\n

Manufacturing companies, especially those in the West Midlands and North East, are expected to benefit most from the FTA. The service sector will also find new business opportunities.<\/p>\n

Companies active in the financial<\/strong>, legal<\/strong> and professional consultancy<\/strong> sectors could increase their turnover, further strengthening the UK’s leadership in this field.<\/p>\n

Furthermore, the signing of the agreement brings the UK closer to a strategic economic area such as the Comprehensive and Progressive Agreement for Trans-Pacifc Partnership<\/a><\/strong> (CPTPP).<\/p>\n

With over half a billion people<\/strong> and a GDP of \u00a38.4 trillion in 2020<\/strong>, the agreement brings together some of the world’s fastest growing countries in recent years.<\/p>\n

Strengthening its presence in New Zealand could allow British companies to tap into new opportunities<\/strong> in a wider landscape.<\/p>\n

But which sectors of the UK economy are expected to benefit most?<\/p>\n

<\/p>\n

Find new clients, distributors and suppliers in 196 countries.<\/p>\n

Request your free pre-analysis<\/a><\/p>\n

\"Matchplat\"Agri-food, automotive, clothing and more: opportunities for growth<\/strong><\/h2>\n

There are many British excellences that could get more space in New Zealand.<\/p>\n

Here is a list of them:<\/p>\n