"The deal's digital trade chapter is a major win for seamless international business. Critically, it allows companies to collect, process, and move data freely across borders without being forced to set up local data centres. This cuts a lot of red tape for both UK firms trading in New Zealand and Kiwi partners doing business here. Plus, it covers the essentials: legally recognising electronic contracts and signatures, making sure digital content is duty-free, and committing both countries to major cooperation on cybersecurity"
"Practical examples make this clearer: a London fintech startup could supply its fraud-detection or payment-gateway tools to a New Zealand partner. Meanwhile, a Kiwi creative-technology firm might manage data analytics for UK companies serving Pacific clients. Even consumer platforms like digital retail sites, travel-booking services, and even the best live casinos in New Zealand are now using UK-designed payment and analytics systems to make cross-border transactions faster and more secure."
London is expanding its digital economic reach beyond Europe and partnering with New Zealand under the UK‑New Zealand Free Trade Agreement that entered into force on 31 May 2023. The agreement's digital trade chapter allows companies to collect, process and move data across borders without requiring local data centres, reducing regulatory barriers. It recognises electronic contracts and signatures, makes digital content duty-free, and commits both countries to cooperation on cybersecurity and emerging technologies. These measures support cloud services, fintech, analytics, creative technology, and consumer platforms by enabling cross-border delivery, faster transactions, and new revenue streams.
Read at London Business News | Londonlovesbusiness.com
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