What Is In The Free Trade Agreement

Overall, these agreements mean that about half of all goods entering the U.S. are duty-free, according to government figures. The average import duty on industrial goods is 2%. Trade agreements are usually unilateral, bilateral or multilateral. New Zealand`s overarching goal in any FTA negotiations is to create a modern, high-quality, comprehensive, forward-looking and economically viable agreement that facilitates the growth and development of our trade and investment relationships with our trading partners. Therefore, in negotiations, we typically cover a number of trade-related issues, including those listed below. However, full free trade in financial markets is unlikely in our time.