#Europe

2024-05-02

EU-New Zealand trade agreement enters into force, opening new opportunities for EU exporters

EU businesses, producers and farmers are now able to take advantage of a host of new export opportunities with the entry into force of the EU-New Zealand trade agreement today. The deal is expected to cut €140 million a year in duties for EU companies.

Thanks to this deal, EU-New Zealand trade is expected to grow by up to 30% within a decade, with EU exports potentially growing by up to €4.5 billion annually. EU investment into New Zealand has the potential to grow by up to 80%. This landmark agreement also includes unprecedented sustainability commitments, including respect of the Paris Climate Agreement and core labour rights.

EU farmers will benefit from the elimination of tariffs on key EU exports such as pig meat, wine and sparkling wine, chocolate, sugar confectionary and biscuits. Moreover, the agreement protects the full list of EU wines and spirits (close to 2,000 names), such as Prosecco and Champagne, as well as 163 of the most renowned traditional EU products (Geographical Indications), such as Feta cheese, Istarski pršut ham and Lübecker Marzipan. Meanwhile, sensitive EU agricultural products such as beef, sheepmeat and dairy products are protected with carefully designed tariff rate quotas.

EU business can now take advantage of benefits such as:

Zero tariffs on EU exports to New Zealand.
A more open New Zealand services market in key sectors such as financial services, telecommunications, maritime transport and delivery services.
Non-discriminatory treatment of EU investors in New Zealand.
Improved access for EU companies to New Zealand government procurement contracts for goods, services, works and works concessions.
A dedicated chapter to help small business exports.
Significantly reduced compliance requirements and procedures.

Practical information to help EU exporters take advantage of these new opportunities can be found on the Commission's Access2Markets page:

https://trade.ec.europa.eu/access-to-markets/en/content/eu-new-zealand-free-trade-agreement

Strategic policy can drive a clean and competitive European industry

Europe can strengthen its industrial competitiveness while cutting climate and environmental pressures, but progress needs to accelerate. A new report from the European Environment Agency (EEA) finds that the transition of key industrial sectors offers opportunity and explores the policies, investments and enabling conditions needed to drive clean, circular and decarbonised production at scale, delivering prosperity.

European textile industry calls for €10 handling fee on ultra-fast-fashion imports

The introduction of the €3 customs duty on low-value imports marks an important milestone in Europe’s efforts to address the challenges created by the rapid growth of ultra-fast-fashion imports. Together with the abolition of the €150 customs duty exemption, it demonstrates that policymakers are willing to act when market distortions become impossible to ignore. However, the European textile and clothing industry considers this a first step rather than the final destination.

Cotton Brazil strengthens international partnerships and advances natural fiber dialogue at ICA 2026

Cotton Brazil participated in the ICA Trade Event Istanbul 2026, one of the leading international gatherings of the cotton supply chain, bringing the importance of promoting natural fibers to the global discussion and strengthening relationships with industry partners. Held on October 14 and 15 at the Hilton Istanbul Bomonti Hotel in Istanbul, Turkey, ICA 2026 brought together approximately 600 delegates from the global cotton community, including growers, exporters and representatives of major consumer markets.

Archroma and Prosperity Textile to collaborate on denim innovation

Archroma, a global leader in specialty chemicals, and Prosperity Textile, an international fabric manufacturer with production bases in China and Vietnam, have announced a partnership to drive denim innovation. They will collaborate to develop, evaluate and implement new approaches to improve denim aesthetics, durability and performance, with a shared commitment to sustainability.

Eastman Naia™ highlights circularity and responsible sourcing at Textile Exchange 2026

Scaling sustainable practices across businesses, supply chains and landscapes is one of the defining challenges facing the textile industry. At the 2026 Textile Exchange Conference, held October 12–16 in Vancouver under the theme “The Implementation Era,” Eastman Naia™ showcased how its commitments to circularity, responsible sourcing and forest conservation translate into practical action.