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UK-New Zealand FTA: draft explanatory memorandum

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UK-New Zealand FTA: draft explanatory memorandum

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The memorandum describes the general effect of the UK-New Zealand free trade agreement treaty as well as its financial, legal and policy implications.

Details

The Explanatory Memorandum is a document presented to parliament that provides an explanation of the general effect of the UK-New Zealand Free Trade Agreement.

The Explanatory Memorandum can be an invaluable means for understanding why the trade agreement was enacted, what it was designed to achieve, and what it actually means.

The agreement is not yet in force. Both the UK and New Zealand are required to complete their respective domestic procedures for the agreement to come into effect. Once approved by both parliaments, businesses will be able to trade under its terms.

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