New Zealand and the United Kingdom reach free trade deal
CNN
The United Kingdom and New Zealand have struck a free trade agreement that will reduce tariffs on bulldozers, wine, buses and clothing.
The draft deal, which follows 16 months of negotiations, is the latest to be brokered by the United Kingdom after its departure from the European Union.
The agreement is not expected to deliver a boost to the UK economy. But Downing Street expressed hopes that it will help "pave the way" for Britain to join Trans-Pacific Partnership (CPTPP), a free trade area of 11 Pacific nations including New Zealand.
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