EU-NZ trade deal comes with sanctions for climate backsliding

The European Commission headquarters is in Brussels. (Image: BusinessDesk)

Thu, 28 Mar 2024

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...

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