New Zealand signs free trade agreement with EU

WELLINGTON, July 10 (Xinhua) -- New Zealand and the European Union have signed a ground-breaking Free Trade Agreement (FTA) that will provide "significant new trade access" to New Zealand's fourth-largest trading partner.

The FTA will increase New Zealand's exports to the EU by up to 1.8 billion NZ dollars (1.11 billion U.S. dollars) per year by 2035, New Zealand Prime Minister Chris Hipkins said on Monday.