NZ-EU free trade agreement to take effect in May

WELLINGTON, March 21 (Xinhua) -- The New Zealand parliament on Thursday overwhelmingly voted to ratify a bill seeking to implement New Zealand's obligations under the New Zealand and European Union Free Trade Agreement (NZ-EU FTA).

The European Union Free Trade Agreement Legislation Amendment Bill was passed at its second reading, which enabled the NZ-EU FTA to come into force on May 1.

The EU, which is N