Only New Zealand will benefit from 'painful' trade deal

EU unlikely to make gains in New Zealand market, say agriculture experts Farm Europe

New Zealand prime pinister Jacinda Ardern: New Zealand has free trade deals with China, Hong Kong, Singapore, and Taiwan, therefore the EU cannot expect significant trade advantages from the new deal. File picture: Kenzo Tribouillard /AFP via Getty Images

Only New Zealand can benefit from the comprehensive trade agreement with the EU, on which political agreement was announced last week, says the Farm Europe group of experts drawn from governmental and institutional organisations, companies, universities, media, business and trade organisations.

Farm Europe pointed out that New Zealand tariffs are either zero or very low, therefore, the EU can already export to New Zealand free of customs duties, and will hardly increase its exports on foot of a trade deal.