EU trade with Australia and New Zealand
EU trade with Australia and New Zealand
Australia
- EU goods trade with Australia is worth €47.7 bn
- Overall, bilateral trade has grown 28% growth between 2007-2017
New Zealand
- Value of goods trade: €8.6 billion
- Overall, bilateral trade has grown 46% between 2007-2017
FTA benefits
The two trade agreements are expected to produce long-term GDP growth of up to:
- €4.9 billion for the EU
- €4.2 billion for Austrlia
- €1.3 billion for New Zealand
The two agreements are estimated to increase EU exports to New Zealand and Australia by about a third in the long term.
Which EU sectors are likely to gain most?
- motor equipment
- machinery
- chemicals
- processed foods
- services