Articles tagged with Trade
New NZ Government Procurement Rules Boost Kiwi Businesses and Economic Benefits
5 days ago | 69 viewsNew government procurement rules, effective immediately, aim to boost Kiwi businesses by simplifying tender processes and introducing a minimum 10 percent economic benefit weighting in contract evaluations. The Ministry for Business, Innovation and Employment will monitor compliance and impact, ensuring agencies prioritize New Zealand economic benefits such as workforce participation and training. These changes apply to contracts over specified thresholds and comply with international trade obligations by allowing foreign companies to demonstrate economic benefits to New Zealand.
Tags: Nicola Willis government procurement New Zealand economic benefit Kiwi firms Ministry for Business Innovation and Employment government contracts workforce participation trade agreements tender processNew Zealand and Australia Boost PACER Plus with $10M Support for Pacific Trade Growth
1 week ago | 92 viewsNew Zealand and Australia have committed $10 million over five years to support PACER Plus, aiming to enhance export capabilities, diversify trade, attract investment, and boost labor mobility in Pacific countries. This new investment, announced five years after the agreement took effect, underscores ongoing commitment to regional trade growth, economic integration, and prosperity. The PACER Plus Development and Economic Cooperation Work Programme facilitates implementation, harmonizes trade infrastructure, and maximizes business opportunities across member nations.
Tags: Nicola Grigg Scott Simpson New Zealand Australia PACER Plus Pacific Islands Solomon Islands Minister of State for Trade and Investment Minister of Commerce and Consumer Affairs Pacific regionGovernment Boosts Kiwi Exports by Cutting Trade Barriers and Expanding Market Access
1 week ago | 69 viewsThe New Zealand Government is actively reducing non-tariff trade barriers to support approximately $600 million in exports, boost business growth, and create jobs, with recent successes including expanded market access to China, Korea, and Mexico. Key initiatives such as trade agreements with the UAE, Gulf Cooperation Council, and ongoing negotiations with India have contributed to exports surpassing $100 billion for the first time, driven by strong growth in food and fibre sectors. Ministers Nicola Willis and Todd McClay emphasize that improving market access and trade certainty is essential for sustaining economic momentum, supporting jobs, and doubling export value within the next decade.
Tags: Nicola Willis Todd McClay New Zealand Kiwi exporters trade barriers exports China Mexico Korea NZ–UAE Comprehensive Economic Partnership AgreementNew Zealand Minister Scott Simpson to Attend 2025 PACER Plus Meeting in Solomon Islands
1 week ago | 88 viewsMinister of Commerce and Consumer Affairs Scott Simpson is traveling to the Solomon Islands to attend the 2025 PACER Plus Ministerial Meeting, emphasizing the agreement's role in strengthening economic growth and trade in the Pacific. Since PACER Plus began, New Zealand's trade with member countries has increased by 47 percent, highlighting the success of this partnership. During his visit, Simpson will also engage with the Solomon Islands–New Zealand Business Community and regional counterparts before returning to New Zealand on 28 November.
Tags: Scott Simpson PACER Plus Solomon Islands New Zealand Pacific Agreement on Closer Economic Relations Commerce Consumer Affairs Pacific Islands Australia TradeFIT Partnership Launches Initiative to Strengthen Global Supply Chain Resilience
2 weeks ago | 90 viewsTrade and Investment Minister Todd McClay joined the Future of Investment and Trade (FIT) Partnership to launch an initiative aimed at enhancing supply chain resilience through a Ministerial Declaration. The FIT Partnership, established in September 2025, serves as a platform for small and medium-sized economies to promote open, fair, and rules-based trade while welcoming new members Malaysia and Paraguay. This effort aims to provide greater certainty and reduced costs for exporters, boosting economic confidence amid global disruptions.
Tags: Todd McClay Future of Investment and Trade FIT Partnership supply chain resilience New Zealand Malaysia Paraguay trade investment Ministerial MeetingNZ-UAE Bilateral Investment Treaty Boosts Economic Cooperation and Trade
2 weeks ago | 108 viewsThe NZ-UAE Bilateral Investment Treaty has come into force, enhancing economic cooperation by providing clear investment rules and complementing the existing Comprehensive Economic Partnership Agreement. Both countries view these agreements as key to increasing two-way investment and strengthening private sector engagement, supported by the newly established NZ-UAE Business Council. The UAE serves as a major market for New Zealand and a strategic gateway to a rapidly growing and diversifying regional economy.
Tags: Todd McClay Thani bin Ahmed Al Zeyoudi New Zealand United Arab Emirates Bilateral Investment Treaty Comprehensive Economic Partnership Agreement Trade and Investment Business CouncilNZ-UAE Bilateral Investment Treaty Boosts Economic Cooperation and Trade
2 weeks ago | 95 viewsThe NZ-UAE Bilateral Investment Treaty has come into force, enhancing economic cooperation by providing clear investment rules and complementing the existing Comprehensive Economic Partnership Agreement. Both countries view these agreements as crucial for increasing two-way investment, strengthening private sector engagement, and supporting New Zealand's economic growth. Additionally, the establishment of the New Zealand-UAE Business Council aims to further boost trade, investment, and collaboration between the two nations.
Tags: Todd McClay Thani bin Ahmed Al Zeyoudi New Zealand United Arab Emirates Bilateral Investment Treaty Comprehensive Economic Partnership Agreement Trade and Investment MinisterNew Zealand Strengthens Forestry Trade with India in Successful Mission 2025
2 weeks ago | 102 viewsNew Zealand’s forestry and wood-processing sector led a successful trade mission to India, aiming to expand growth opportunities and strengthen market ties. The mission produced tangible results under the Forestry Cooperation agreement, enhanced understanding of India’s forestry policies, and highlighted New Zealand’s premium timber products suited for India’s urbanization and sustainable construction. A return Indian forestry delegation will visit New Zealand in February 2026 to further develop the bilateral partnership and deepen strategic relations.
Tags: Todd McClay New Zealand India forestry trade mission Piyush Goyal timber products sustainable construction bilateral partnershipUS Removes Additional Tariffs on Key New Zealand Agricultural Exports
2 weeks ago | 92 viewsNew Zealand Minister Todd McClay cautiously welcomed the US decision to remove additional reciprocal tariffs on key agricultural exports like beef and kiwifruit, which account for about 25% of New Zealand's exports to the US, worth NZ$2.21 billion annually. The rollback, estimated to save exporters around $330 million, restores pre-April tariff conditions but is only partial, as tariffs remain on other products, maintaining uncertainty and costs for exporters. McClay emphasized the balanced trade relationship and continues to urge the US to remove tariffs on all New Zealand exports.
Tags: Todd McClay Jamieson Greer United States New Zealand Trade Tariffs Agriculture Beef Kiwifruit ExportsNew Zealand's Medicines Advertising Ban Lifted, Boosting Economic Growth
3 weeks ago | 128 viewsThe Medicines Amendment Bill in New Zealand has lifted the prohibition on advertising medicines at medical conferences and trade shows, signaling the country's readiness for business, according to Regulation Minister David Seymour and Health Minister Simeon Brown. This change is expected to inject cash into local economies through the Red Tape Tipline and provide Kiwis with increased access to needed medicines. The move is projected to generate $90 million in revenue over the next few years, attracting major medical conferences to New Zealand and fostering economic activity.
Tags: Medicines Amendment Bill New Zealand advertising medical conferences trade shows Regulation Minister David Seymour Health Minister Simeon Brown Red Tape Tipline pharmaceutical companies economic growthNew Zealand Secures $450 Million in Deals at China Import Expo, Expands Market Opportunities
3 weeks ago | 145 viewsTrade and Investment Minister Todd McClay announced new deals and partnerships worth up to $450 million at the China International Import Expo (CIIE). Over 20 Memorandums of Understanding and supply agreements were signed between New Zealand and Chinese companies during the event, with over 80 New Zealand companies participating. The focus was on showcasing premium Kiwi offerings across various sectors, and the importance of e-commerce and digital trade in meeting consumer demands in China was highlighted to support New Zealand exporters.
Tags: China New Zealand CIIE Todd McClay trade partnerships Memorandums of Understanding exporters agriculture digital tradeTrade Minister Todd McClay's Global Tour to Boost NZ Trade Relations
4 weeks ago | 133 viewsMinister for Trade and Investment Todd McClay embarked on a trip to China, the UAE, India, Singapore, and Australia to enhance trade relations and advocate for New Zealand's interests globally. In China, he led a trade mission at the China International Import Expo and emphasized New Zealand's 'Grass-Fed' standard, highlighting the significance of the trade relationship with China as the largest trading partner. The Minister engaged in various meetings and trade negotiations in the UAE, India, Singapore, and Australia, aiming to strengthen economic ties and achieve the government's goal of doubling export value over a decade to boost job opportunities and incomes in New Zealand.
Tags: Todd McClay China UAE India Singapore Australia trade New Zealand Minister Piyush GoyalIndia's Commerce Minister Piyush Goyal Accelerates Trade Talks with New Zealand
4 weeks ago | 125 viewsIndia’s Commerce and Industry Minister Piyush Goyal and a large trade delegation visited New Zealand, deepening business ties and accelerating trade talks with Trade and Investment Minister Todd McClay. The visit included high-level meetings, engagements with the New Zealand Indian community, and discussions to advance negotiations for a free trade agreement (FTA) between the two countries. Both sides are committed to securing a balanced and ambitious FTA that will benefit their trade relationship and provide access to the growing Indian economy.
Tags: Piyush Goyal Todd McClay India New Zealand Trade Minister Free Trade Agreement Business Partnership NegotiationsIndian Minister Piyush Goyal Strengthens New Zealand-India Trade Ties
1 month ago | 160 viewsIndian Minister of Commerce and Industry Piyush Goyal will visit New Zealand to strengthen trade ties, reflecting the deepening relationship between the two countries over the past two years. The visit underscores the commitment of both governments to building a strategic and enduring partnership, with a focus on expanding trade and investment opportunities. Minister Goyal's agenda includes attending a business summit, engaging with the New Zealand-Indian community, visiting businesses in Rotorua, and discussing Free Trade Agreement negotiations with Trade and Investment Minister Todd McClay.
Tags: Piyush Goyal Todd McClay Droupadi Murmu Christopher Luxon Winston Peters India New Zealand Trade Economy BusinessNew Zealand, Singapore, and Chile Launch Green Economy Partnership Agreement in Korea
1 month ago | 164 viewsPrime Minister Christopher Luxon and Minister for Trade and Investment Todd McClay, along with their Singaporean and Chilean counterparts, launched negotiations for the Green Economy Partnership Agreement (GEPA) in the Republic of Korea. The agreement aims to boost trade and investment opportunities in the global green economy, estimated to reach US$11 trillion by 2040, by focusing on areas such as sustainable finance, green goods and services, and low emissions fuel alternatives. The negotiations, set to continue until 2026, follow the signing of a Comprehensive Strategic Partnership with Singapore and underline New Zealand's commitment to meeting climate targets and fostering a greener economy through international collaboration.
Tags: Christopher Luxon Todd McClay New Zealand Singapore Chile Green Economy Partnership Agreement GEPA Republic of Korea trade agreements climate targets