NZ/UK Free trade agreement

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NZ/UK Free trade agreement

Post by Ciderman »

It might surprise some Kiwis that New Zealand didn't already have free trade with the UK, despite our deep ties of history and culture, and the fact that Queen Elizabeth II is our head of state.

But in aligning itself with Europe in 1973, a commitment that later transitioned into joining the European Union, the UK created trade barriers between itself and New Zealand, including tariffs and quotas, that prevented Kiwi exporters from trading freely with the UK.
I remember this myself. It made it quite hard for NZ exporters to suddenly be without preferential tariffs in both directions. Suddenly there were no new British cars at the dealers and we had to look for other markets, mostly in Asia and the USA. It took 5 to 10 years to replace the markets ... hp&pc=U531
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