A free trade deal with the United Kingdom is getting closer, with both sides set to sign an agreement in principle by the end of the month.
Tariffs on exports of honey and apples to the UK would be slashed and wine which faces tariffs of up to 20 pence per bottle would also be expected to be cut.
In return tariffs on British gin, chocolate, clothing and cars we import would be dropped.
One of the main beneficiaries from a free-trade deal could be the red meat sector which has been calling for easier access to the UK for some time – but there was no mention of the industry in the latest update.
The deal would also be an important step towards the UK’s accession to CPTPP, The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement involving New Zealand and 10 other countries.
