Question to the Department for Business and Trade:

To ask the Secretary of State for Business and Trade, what assessment his Department has made of the potential impact of the UK-New Zealand trade agreement on SME exporters located in (a) Buckinghamshire and (b) Milton Keynes.

The UK-New Zealand FTA benefits every region of the UK including Buckinghamshire and Milton Keynes. It also includes commitments to support SMEs to trade, including through a standalone SME chapter.

Data is not collected centrally on the impact of the UK-New Zealand trade agreement on SME exporters located in Buckinghamshire and Milton Keynes. However, since entry into force, there are early indications of positive uptake of the agreement’s benefits by British exporters. According to official data from New Zealand, between June 2023 and Dec 2024 £164.2m (80.7%) of goods imports into New Zealand from the UK used preferential tariffs. Had these occurred at standard Most Favoured Nation (MFN) tariff rates, they could have encountered an additional £9.3m in duties.