UK strikes trade deal with New Zealand – but it may add nothing to GDP

‘Groundbreaking’ agreement criticised by UK farmers is part of 10-year plan to pivot to Indo-Pacific

Britain has struck a trade deal with New Zealand, a key ally, as ministers hope to stem the country’s reliance on China – but the agreement is expected to add no value to the UK’s gross domestic product.

Despite the Department for International Trade heralding the deal as a “groundbreaking” achievement that was a “vital part” of Boris Johnson’s commitment to levelling up, the prime minister has been accused of selling out British farmers.

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source https://www.theguardian.com/business/2021/oct/20/uk-strikes-trade-deal-with-new-zealand-but-it-may-add-nothing-to-gdp

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