(Audrey Young – New Zealand Herald)
Trade Minister Tim Groser will today seal a free trade deal with South Korea that will essentially steer New Zealand towards a level playing field with its competitors in the fast-growing market.
It is sometimes called the “catch-up trade deal” although it will take 10 to 15 years for many products to become tariff-free.
New Zealand has almost been the last cab of developed countries off the rank to conclude a free trade agreement with Korea, and the deals with about 50 other countries (EU representing 28) were putting New Zealand exporters at a disadvantage. Click here to read more.