Britain and New Zealand strike free trade deal


Britain’s Prime Minister Boris Johnson walks outside Downing Street in London, Britain October 20, 2021. REUTERS/Toby Melville

October 20, 2021

LONDON (Reuters) – Britain and New Zealand have reached agreement in principle on a free trade deal designed to reduce tariffs, improve services trade, and take London one step closer to membership of a broader trans-Pacific trade agreement.

Prime Ministers Boris Johnson and Jacinda Ardern sealed the deal in a Zoom call on Wednesday after 16 months of negotiation.

“This is a great trade deal for the United Kingdom, cementing our long friendship with New Zealand and furthering our ties with the Indo-Pacific,” Johnson said in a statement.

(Reporting by William James; editing by Michael Holden)

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