EU-NZ trade deal comes with sanctions for climate backsliding

EU-NZ trade deal comes with sanctions for climate backsliding
The European Commission headquarters is in Brussels. (Image: BusinessDesk)
Greg Hurrell
New Zealand’s newly ratified free trade agreement with the European Union is the first to enable trade sanctions for breaches of environmental and labour rules violations.The EU is using the might of a consumer market of 448 million people to persuade its trading partners to comply with its climate change and social goals if they want to export into the bloc.This month, the European Commission (EC) brought together 21 journalists from around the world, including BusinessDesk, to make its case.There are new rules on carbon pricing equivale...

More Law & Regulation

Auckland Council spends $195k defending Downtown Car Park challenge
Law & Regulation

Auckland Council spends $195k defending Downtown Car Park challenge

Vacated legal challenge resulted in no concessions, council says.

Tom Raynel 26 Jul 2024
Vector agrees to sell LPG assets for $150m
Markets

Vector agrees to sell LPG assets for $150m

The deal is subject to regulatory approvals and commercial conditions.

Rebecca Howard 26 Jul 2024
Minister's $200m tobacco tax cut bypasses Cabinet requirements
Policy

Minister's $200m tobacco tax cut bypasses Cabinet requirements

Researchers say there's more evidence to support the repealed Smokefree policies.

Jem Traylen 26 Jul 2024
Officials move on Richard Yan’s castle
Property

Officials move on Richard Yan’s castle

Richard Yan's extensive heritage property is being sold following his bankruptcy.

Tom Raynel 26 Jul 2024