Business News & Articles
Kiwi Businesses Boost Productivity with $800M Gains from eInvoicing Adoption
1 week ago | 176 viewsKiwi businesses are projected to gain up to $800 million annually in productivity through full eInvoicing adoption, which has more than doubled in uptake recently, enabling faster payments and reduced paperwork. The government leads by example with prompt payments, achieving over 95% of invoices paid within 10 working days, and will require large businesses to send eInvoices to government agencies from January 2027. This initiative aims to improve cashflow, cut administrative costs, reduce invoice fraud, and create a more efficient business environment in New Zealand.
Tags: eInvoicing productivity gains Kiwi businesses Cameron Brewer NZIER Small Business Manufacturing Minister government payments invoice fraud cloud accountingNew Zealand Exporters Gain Big as India FTA Boosts Trade Before Launch
1 week ago | 172 viewsNew Zealand exporters are experiencing significant growth in India ahead of the New Zealand-India Free Trade Agreement (FTA) coming into force, with export volumes rising due to increased demand for high-quality products like apples and kiwifruit. The FTA will immediately eliminate tariffs on 57% of exports, providing substantial financial benefits to growers and expanding opportunities in forestry, wool, wine, services, and tourism sectors. Trade Minister Todd McClay emphasizes that early exporter engagement and timely ratification of the FTA will enhance access and boost New Zealand’s trade success with India.
Tags: Todd McClay New Zealand India Free Trade Agreement apples kiwifruit Matariki Forests Air New Zealand Air India wineGovernment Funds $50M for West Coast Critical Minerals Processing Projects
1 week ago | 153 viewsThe New Zealand Government is funding two critical minerals processing projects on the West Coast through the Regional Infrastructure Fund, allocating up to $50 million to Tāiko Critical Minerals and Westland Mineral Sands. These projects aim to add value to exported minerals like titanium, zirconium, and rare earths by establishing domestic processing facilities, creating skilled jobs, and strengthening regional and national economies. The investments support long-term economic activity and contribute to a secure, diversified critical minerals supply chain essential for modern technologies and clean energy systems.
Tags: Shane Jones Tāiko Critical Minerals Westland Mineral Sands Regional Infrastructure Fund critical minerals New Zealand mineral processing titanium zirconium monaziteNew Zealand Adopts US and EU Toy Safety Standards to Cut Costs and Boost Choice
1 week ago | 180 viewsThe New Zealand Government will align its toy safety standards with those of the US and EU, allowing toys compliant with these international standards to be sold locally without additional testing costs. This update aims to reduce compliance expenses, enhance market attractiveness, increase product variety, and is expected to generate a net benefit of $6.8 million over 10 years while maintaining child safety. An exposure draft will be released for consultation, followed by a six-month transition period for suppliers to adapt to the new regulations.
Tags: Cameron Brewer David Seymour New Zealand toy standards Ministry for Regulation Australia United States European Union Red Tape Tipline importersNew Zealand’s Top Restaurants Shine with MICHELIN Stars in Inaugural Guide
2 weeks ago | 170 viewsNew Zealand’s hospitality sector has gained international recognition with 60 restaurants featured in the inaugural MICHELIN Guide Oceania, including Essence earning two stars and fourteen others receiving one star. This accolade highlights the country's exceptional dining experiences and supports its reputation as a premier food destination, which is vital to tourism and contributes significantly to the economy. The guide also emphasizes regional culinary offerings and will be leveraged by Tourism New Zealand to promote the nation’s food and beverage industry globally.
Tags: Louise Upston Essence Robert Fairs Stina Persen Matthew Aitchison Tala Inati Ahi Ortega Logan BrownNew Zealand Boosts Tourism with $5M Marketing Investment in Key Markets
3 weeks ago | 282 viewsThe New Zealand Government plans to boost tourism growth by investing $4 million in targeted marketing in Australia, the United States, and China, alongside a $1 million boost to attract more business events. Tourism and Hospitality Minister Louise Upston emphasized that tourism, as the country's second-largest export, is vital for economic growth, with goals to restore visitor numbers to pre-pandemic levels by 2026 and double tourism export value in ten years. These investments, funded by the International Visitor Levy, aim to accelerate visitor numbers, support high-value business events, and deliver economic benefits across New Zealand.
Tags: Louise Upston Tourism New Zealand New Zealand Australia United States China MBIE Stats NZ International Visitor Levy Business EventsNew Zealand Boosts Small Businesses with New AI-Powered Government Funding
1 month ago | 314 viewsNew Zealand's government is funding AI-powered initiatives to support 600,000 small businesses, aiming to unlock growth opportunities with smart, data-driven tools. The investment expands AcceleratorNZ to provide AI-driven business diagnostics to 500 more firms and helps Business Mentors New Zealand develop an AI Digital Mentor tool to better match mentors with businesses. These efforts modernize support services, enhancing efficiency while maintaining human mentorship to help small businesses grow, compete, and succeed.
Tags: Cameron Brewer AcceleratorNZ Business Mentors New Zealand BMNZ New Zealand small businesses AI tools Government funding Business South AI Digital Mentor$5.3M Māori Development Fund Boosts Businesses, Jobs & Exports in NZ
1 month ago | 287 viewsThe Māori Development Fund has invested over $5.3 million to support Māori-owned businesses in horticulture, aquaculture, and renewable energy, aiming to create jobs, boost regional economies, and expand exports in line with the Government's growth framework. Key investments include $2.6 million for Hineuru Orchards in Hawke's Bay to enhance crop protection and export capacity, and $1.5 million for Akaroa King Salmon to upgrade infrastructure and increase production, generating approximately 50 new jobs. These initiatives promote sustainable development, energy transition, and long-term prosperity for Māori communities while strengthening New Zealand's overall economic success.
Tags: Tama Potaka Parininihi ki Waitōtara Hineuru Orchards Akaroa King Salmon Ōnuku Rūnanga Ngāti Porou Māori Development Fund Māori businesses New Zealand economy Māori Development MinisterNew Zealand and France to Hold Annual Ministerial Meetings to Boost Trade and Investment
1 month ago | 346 viewsMinister for Trade and Investment Todd McClay and French Minister Nicolas Forissier agreed to establish annual ministerial meetings to strengthen New Zealand-France trade, investment, and business collaboration. This initiative builds on the New Zealand-European Union Free Trade Agreement, which enhances opportunities for exporters and opens new pathways for engagement across sectors like technology, aviation, and agri-tech. The regular dialogue aims to create partnerships and growth by leveraging France's strengths and New Zealand's ambitions within a strong, rules-based trade framework.
Tags: Todd McClay Nicolas Forissier New Zealand France OECD trade investment bilateral meetings economic growthNZ Trade Minister McClay Leads Key UK FTA Meeting and OECD Council Talks
1 month ago | 394 viewsTrade and Investment Minister Todd McClay is visiting the UK to co-chair the NZ-UK FTA Trade Committee meeting and Paris to vice-chair the OECD Ministerial Council Meeting, marking the third anniversary of the NZ-UK Free Trade Agreement, which has boosted two-way trade to a record $7.4 billion in 2025. New Zealand exports to the UK have surged by 75% over three years, driven by strong demand for premium products, with significant growth in meat and business services exports. During his visits, McClay will engage with international counterparts to discuss trade progress, cross-border investment, and strengthen relationships that support New Zealand jobs and economic opportunities.
Tags: Todd McClay Peter Kyle Chris Bryant New Zealand United Kingdom OECD trade investment business services2026 NZ Minister for Manufacturing Awards Celebrate Innovation and Excellence
1 month ago | 433 viewsThe second annual Minister for Manufacturing Awards in New Zealand celebrated businesses and individuals driving innovation, growth, and resilience in the manufacturing sector, which contributes $22 billion annually and 60% of goods exports to the economy. Winners included Architectural Glass Products for process innovation and manufacturing excellence, Devin Gibson as Apprentice of the Year, Oliver Hunt for healthcare remanufacturing leadership, and Jeff Douglas for his transformative legacy in pharmaceutical manufacturing. The awards highlight the sector's commitment to innovation, skills development, sustainable practices, and global competitiveness amid ongoing challenges.
Tags: Cameron Brewer Devin Gibson Oliver Hunt Deanne Holdsworth Jeff Douglas Architectural Glass Products Medsalv PACT Group Arotec Diagnostics Douglas PharmaceuticalsNew Zealand Launches Free Business Resilience Training for Small Enterprises
1 month ago | 354 viewsThe New Zealand government has launched a fully funded training initiative through the Regional Business Partner Network to help small and medium enterprises improve business resilience, continuity planning, and preparedness for disruption. This program, available nationwide from May to August via workshops, webinars, and online content, aims to equip businesses with practical tools to manage change and strengthen performance without cost barriers. The initiative complements existing support and emphasizes the importance of resilience in ensuring long-term business success amid uncertainty.
Tags: Cameron Brewer Small Business Regional Business Partner Network Business Continuity Resilience Training New Zealand Chamber of Commerce Business Continuity & Resilience Awareness Week Small and Medium Enterprises Business ResilienceNew Zealand’s Bold Trade Strategy: Innovation, Resilience, and Global Growth
2 months ago | 377 viewsNew Zealand’s economic prosperity fundamentally relies on its status as a trading nation, but the global trading system is under unprecedented pressure from geopolitical conflicts and shifting power dynamics, challenging the rules-based order that underpins market access. In response, the government is proactively strengthening trade rules through FTAs, building resilience by engaging exporters and diversifying relationships, and fostering innovation to secure New Zealand’s competitive edge and leadership in global trade institutions. With ambitious goals to double exports and attract foreign investment, the government is committed to persistent, creative engagement to protect and expand opportunities for Kiwi exporters amid a complex and uncertain global landscape.
Tags: Anand Satyanand James Kember Suzannah Jessep Rosemary Banks Julia Macdonald Auror Halter InvestNZ CPTPP DEPAGovernment Streamlines Food Safety Verification for Multi-Site Businesses Nationwide
2 months ago | 410 viewsThe Government is standardizing food safety verification for multi-site food businesses by implementing consistent site-sampling guidelines, reducing costs, and ensuring all sites are verified over time based on risk levels and performance. Recent measures have saved money for small food businesses through free training, relaxed testing for meat processors, eased requirements for home-based bakers, and simplified export rules. Future plans aim to further cut regulatory costs, simplify processes, and create a fairer, more efficient food safety system responsive to industry needs.
Tags: Andrew Hoggard Food Safety Minister Government food businesses food safety National Programmes Food Control Plan food exporters regulatory costsDefence Minister Honors NZ Businesses Boosting National Security and Innovation
2 months ago | 440 viewsDefence Minister Chris Penk highlighted the vital role New Zealand businesses play in supporting national security by providing essential equipment, services, and infrastructure to the Defence Force. This year’s award recipients contribute to regional growth, innovation, and the Defence Capability Plan’s goals, which include doubling defence spending by 2025. Additionally, the Defence Industry Advisory Council has been revitalized with updated membership and terms to better align with government defence and economic priorities.
Tags: Chris Penk New Zealand Defence Force Ministry of Defence Defence Industry Advisory Council Defence Capability Plan Burnham Military Camp Minister of Defence Awards Defence spending Defence procurement Defence Industry