The EU and New Zealand have been negotiating a comprehensive free trade agreement that covers a wide range of sectors including trade in goods, services, investment, intellectual property rights, and sustainable development. One of the key aspects of this agreement is the customs element, which aims to facilitate trade between the two parties by eliminating customs duties and reducing non-tariff barriers.

The EU-New Zealand Customs Agreement is a cornerstone of the free trade agreement between the two parties. As part of the agreement, the two sides have agreed to eliminate tariffs on almost 100% of goods traded between them. This means that exporters from both sides will be able to trade with each other on a level playing field without being hit by costly tariffs.

The agreement will also streamline customs procedures, making it easier for businesses to navigate the bureaucracy of customs clearance. This will be achieved through a number of measures, including reducing the time and cost of customs procedures, simplifying documentation requirements, and improving communication and cooperation between customs authorities.

Another important aspect of the EU-New Zealand Customs Agreement is the protection it offers to intellectual property rights. The agreement will ensure that the intellectual property rights of EU businesses are protected in New Zealand, and vice versa. This will help to ensure that EU businesses can trade in New Zealand with confidence, knowing that their intellectual property is protected.

The EU-New Zealand Customs Agreement also includes provisions for sustainable development. Both parties have committed to promoting sustainable development and environmental protection, as well as respecting labour rights. This means that the agreement will help to promote not only economic growth, but also sustainable and responsible trade.

Overall, the EU-New Zealand Customs Agreement is a significant step forward in the relationship between the EU and New Zealand. By eliminating tariffs, streamlining customs procedures, protecting intellectual property rights, and promoting sustainable development, the agreement will help to deepen economic ties between the two parties. It is also a clear signal of the EU`s commitment to open, fair, and responsible trade with partners around the world.