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EU: Latest EU- New Zealand Trade Negotiations

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Representatives of the EU and New Zealand held negotiations from 14 to 31 March 2022, discussing most areas of the future free trade agreement between the jurisdictions. According to a two-pager published by the European Commission, EU’s request to be exempt from New Zealand’s import customs fees is the only outstanding element in the text as far as the topic “Trade in goods” is concerned. Various items remain open in respect of Rules of Origin for which follow up discussions shall be held. Other topics discussed are:

  • Geographical Indications
  • Wine and Spirits Annex
  • Trade in Services
  • IP
  • Digital Trade
  • Sanitary and Phyto-Sanitary measures
  • Good Regulatory Practice
  • Legal Group
  • Competition and Subsidies
  • Government Procurement
  • Investment
  • State-Owned Enterprises
  • Trade and Sustainable Development

The full report on the negotiations held is accessible here.

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Author

Jennifer Revis is a partner in the EU Competition and Trade Practice Group of Baker McKenzie's London office. She is acknowledged for her timely advice and responsiveness by the Legal 500. Jennifer has been on secondment to the UK customs authorities (Her Majesty's Revenue and Customs) in their tax and excise litigation department and to the Firm's European Law Centre in Brussels. Jennifer is frequently invited to speak at external conferences and regularly contributes articles to tax journals on customs matters such as De Voils Indirect Tax Journal.

Author

Yassine El Bojaddaini is a senior associate within the EMEA Customs Practice. He has ample experience on advising and representing multinationals in customs and tax related matters including restructurings, litigation and supply chain optimization.

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