An EU-New Zealand Free Trade Agreement (FTA) will remove 100% of New Zealand tariffs on EU exports on its entry into force and will lift 98.5% of EU tariffs on New Zealand trade after seven years.
The agreement, approved with 524 votes in favor, 85 against and 21 abstentions last Wednesday, safeguards all EU geographical indications (GIs) for wines and spirits along with a list of 163 famous EU foodstuff GIs.
The deal also defends European producers of sensitive agricultural goods, such as beef and several dairy products.
Described by MEPs as a “gold standard” agreement, this FTA is the EU's first to include enforceable commitments to the Paris Agreement and to core International Labor Organization (ILO) standards.
[FULL STORY HERE]
World Politics News is dedicated to raising Americans' knowledge of political events, elections, and legislation throughout the world.
No comments:
Post a Comment