NZ-Korea FTA set to benefit NZ exporters – McClay

Trade Minister Todd McClay has welcomed entry-into-force of the New Zealand-Korea Free Trade Agreement. “This high quality agreement, negotiated and signed by former Trade Minister Tim Groser, will bring significant commercial benefits to New Zealand exporters,” says McClay. “Current duty-free access to the Korean market is ‘bound in’, and existing tariffs will be eliminated on $793 million, or 48 per cent, of New Zealand exports.