Trade News & Articles
NZ-UAE Comprehensive Economic Partnership Agreement Boosts Export Opportunities in $500B Market
1 week ago | 123 viewsThe NZ-UAE Comprehensive Economic Partnership Agreement (CEPA) legislation has passed, giving Kiwi exporters access to a $500 billion market that imports 90% of its food, with tariffs on 98.5% of exports immediately removed, rising to 99% in three years. Agriculture, Trade, and Investment Minister Todd McClay highlights the benefits of the agreement in lowering costs, increasing access, and enhancing New Zealand's presence in the Middle East, aiming to capitalize on UAE consumers' demand for safe, fresh products. The CEPA aims to boost two-way trade between New Zealand and the UAE, worth $1.35 billion last year, by reducing red tape, promoting services trade, and supporting investment links, aligning with the government's goal of doubling export value in a decade.
Tags: New Zealand UAE Comprehensive Economic Partnership Agreement CEPA Todd McClay Agriculture Trade Investment Minister exporters tariffsNew Zealand Resolves Dairy Dispute with Canada Under CPTPP, Securing $157m Export Value Annually
1 week ago | 274 viewsTrade and Investment Minister Todd McClay announced a resolution to a dairy dispute between Canada and New Zealand under the CPTPP, projecting a $157m annual export value increase for New Zealand dairy exporters. New Zealand initiated dispute settlement proceedings due to limited dairy market access in Canada, leading to a favorable ruling and subsequent agreement for improved access through quota adjustments and penalties for misuse. McClay emphasized the importance of upholding CPTPP obligations, praised Canada for constructive engagement, and highlighted the agreement's reinforcement of the rules-based trading system.
Tags: Todd McClay Canada New Zealand dairy dispute CPTPP trade investment exporters agreement quotasBoosting Trade: New Zealand and Malaysia Strengthen Halal Meat Partnership
2 weeks ago | 287 viewsNew Zealand and Malaysia aim to enhance trade in high-quality halal meat products, with Malaysia being a key market for New Zealand's premium halal meat exports. Malaysia is facilitating approvals for New Zealand halal meat premises to gain access to its market, potentially leading to significant growth in exports and benefiting Kiwi farmers and exporters. Both countries are collaborating to streamline export requirements for New Zealand halal meat, emphasizing the importance of compliance with halal standards and strengthening their relationship in halal processing and assurance systems.
Tags: New Zealand Malaysia Andrew Hoggard Dato’ Seri Dr. Ahmad Zahid bin Haji Hamidi Halal meat Trade Export Collaboration Market Compliance