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South Korea Free Trade Agreement Boost for NZ Exporters

Posted March 24, 2015

Under Economic Issues, International Trade Issues

(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.