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'Ambitious' free trade deal struck after 18 years of effort

Author
Newstalk ZB,
Publish Date
Fri, 1 Nov 2024, 8:23am
Photo / Alex Burton | File
Photo / Alex Burton | File

'Ambitious' free trade deal struck after 18 years of effort

Author
Newstalk ZB,
Publish Date
Fri, 1 Nov 2024, 8:23am

New Zealand is getting a leg up in the competitive market of global exports. 

A free trade agreement has been made between New Zealand and the Middle East countries belonging to the Gulf Cooperation Council. 

It comprises Saudi Arabia, UAE, Kuwait, Qatar, Oman, and Bahrain. 

Trade Minister Todd McClay told Mike Hosking New Zealand will be able to trade more with these countries. 

He says the tariffs weren't high, but bringing them down to zero gives exporters a competitive advantage. 

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