New Zealand: Trade agreement with GCC (Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and UAE)

Provisions for reduced trade barriers and commitments to sustainable development and labor standards

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November 4, 2024

New Zealand’s Minister for Trade and Agriculture on October 31, 2024, announced that New Zealand and the Gulf Cooperation Council (GCC)* have finalized a trade agreement.

According to a New Zealand government release (October 31, 2024), the trade deal will grant duty-free access for 99% of New Zealand's exports over 10 years. Additionally, 51% of exports to the GCC will be tariff-free from day one when combined with the New Zealand-UAE Comprehensive Economic Partnership Agreement (CEPA).

The trade deal includes provisions for reduced trade barriers and commitments to sustainable development and labor standards.

* Bahrain, Kuwait, Oman, Qatar, Saudi Arabia and the United Arab Emirates (UAE)

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