The U.S. fruit exporters can learn from the UK-NZ free trade agreement

Published 2021년 12월 9일

Tridge summary

The UK and New Zealand have agreed in principle to sign a Free Trade Agreement, with the UK using this as a way to engage with the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), a free trade agreement among 11 Pacific Rim countries. The New Zealand apple sector, which is highly dependent on exports, sees the UK as its second most important export market after the EU. The UK normally imports around 450,000 tonnes of apples per year, with New Zealand being the third largest supplier. The future of this situation is that New Zealand is likely to continue to be an important supplier to the UK, and U.S. producers and exporters should keep a watchful eye on this situation as there may be interesting parallels with a potential UK – U.S. free trade deal.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In October, the United Kingdom and New Zealand agreed in principle to sign a Free Trade Agreement between the two countries.There might be some interesting transferable lessons for the U.S. fruit sector from this – at a time when the progress in UK–U.S. free trade talks seems to have gone off the boil somewhat.A springboard to other trade deals Beyond the trade opportunity with New Zealand (population 5 million), the UK sees securing deals with the Oceania countries as a way of also looking to ultimately engage with the wider trade bloc, known as the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), which is an free trade agreement among 11 countries around the Pacific Rim: Canada, Mexico, Peru, Chile, New Zealand, Australia, Brunei, Singapore, Malaysia, Vietnam and Japan.The population base of the CPTPP is just under 500 million – in effect a “new Europe” for the UK. Well, that is what is hoped for.The NZ apple sector The New Zealand apple sector is ...

Source: Producebluebook