EU foreign direct investment into NZ could spike 80% under FTA

EU foreign direct investment into NZ could spike 80% under FTA
Damien O'Connor addresses a media conference via video link last week, at the European Council building in Brussels on the EU-NZ free trade agreement. (Image: AP)
Rebecca Howard
The New Zealand-European Union free trade agreement could lift EU foreign direct investment in NZ by as much as 80%.The deal – inked in Brussels this weekend – will go “way beyond market access,” Nina Obermaier, the EU ambassador to NZ, told BusinessDesk.Foreign direct investment in NZ from the EU was $15.5 billion in 2021.Officials also don't downplay the importance of market access. A total of 91% of NZ’s current goods trade to the EU will enter duty-free immediately, rising to 97% after seven years...

More Economy

Rise in liquidations compounded by IRD crackdown
Economy

Rise in liquidations compounded by IRD crackdown

The IRD filed two-thirds of creditor applications in the March quarter.

Gregor Thompson 22 Apr 2025
RBNZ assistant governor resigns
Economy

RBNZ assistant governor resigns

The announcement comes just weeks after governor Adrian Orr suddenly quit.

John Anthony 17 Apr 2025
Annual inflation lifted 2.5% in the first quarter
Economy

Annual inflation lifted 2.5% in the first quarter

The lift was a tad higher than RBNZ forecasts. 

Staff reporters 17 Apr 2025