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

Tue, 11 Jul 2023

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...

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