Amendment: EU-New Zealand FTA & milk powder export quotas

This decision confirms that the European Parliament will not object to new rules implementing the EU-New Zealand free trade agreement. These changes are necessary to align existing regulations with the terms of the trade deal.

The affected parties include businesses involved in importing and exporting agricultural products between the EU and New Zealand. Specifically, it impacts trade in products like milk powder, where tariff quotas are being adjusted.

The core change involves updating the rules for administering import and export tariff quotas for agricultural products. This includes introducing new quotas and modifying existing ones to reflect the provisions of the free trade agreement.

The delegated regulation needed to be amended before the free trade agreement entered into force, which was anticipated for May 1, 2024. The Parliament's non-objection allows these regulatory updates to proceed.