$2b boost in NZ exports to EU
New Zealand’s trade with the European Union has jumped $2 billion since a free trade deal entered into force in May last year.
While some of it may be related to dairying, their biggest worry is that PM-designate Christopher Luxon will repeal Labour’s ban and open up New Zealand’s waters to oil and gas exploration once again.
Jacinda Ardern’s April 2018 ban on new oil and gas exploration permits put New Zealand’s vast ocean territory off limits to new oil and gas exploration, except for a few areas where permits were released before the ban came into effect.
Greenies say that this was one of Labour’s best policies around climate change and they won’t let it be overturned without a fight.
