Business News & Articles
Costa Rica Joins CPTPP: New Zealand Gains Duty-Free Access and Trade Benefits
4 days ago | 130 viewsTrade and Investment Minister Todd McClay welcomed Costa Rica’s accession to the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP), highlighting enhanced trade opportunities and significant tariff eliminations for New Zealand exports such as sheep meat, seafood, and dairy products. Costa Rica will become the 13th CPTPP member, with accession expected to take effect in the second half of 2027 following signing and ratification processes. The CPTPP strengthens rules-based trade and economic integration among member economies, which collectively represent over 15% of world GDP.
Tags: Todd McClay Costa Rica New Zealand CPTPP Trade Minister United Kingdom Australia Canada Japan MalaysiaFree Online Food Safety Training Launched to Support NZ Food Businesses
5 days ago | 159 viewsThe Government has launched a free online food safety training module to simplify and improve accessibility for food businesses, addressing previous challenges of cost and difficulty. Developed with industry input, this module is the first of six aimed at modernizing New Zealand’s food safety system to be fairer, more efficient, and responsive to business needs. Additional modules and initiatives are planned to further support the sector with appropriate, risk-based regulations and tools.
Tags: Andrew Hoggard Government Food Safety Restaurant Association Hospitality NZ New Zealand Food Businesses Online Training Food Safety Module Home BakersKiwi Exports to EU Surge $3 Billion in Two Years Boosting NZ Economy
1 week ago | 134 viewsKiwi exports to the European Union have surged by $3 billion in two years following the New Zealand-EU Free Trade Agreement, boosting the economy and supporting jobs nationwide. Key export gains include significant increases in butter, meat, industrial goods, and tourism, with total goods exports up 35% to $6.7 billion and services exports up 11% to $2 billion in the year to December 2025. This growth exceeds expectations, strengthens regional economies, and reinforces the EU as a vital trading partner for New Zealand amid global uncertainty.
Tags: Todd McClay New Zealand European Union Free Trade Agreement Kiwi exports trade economy dairy meat tourism2026 Minister for Manufacturing Awards Finalists Celebrate NZ Industry Innovation
1 week ago | 158 viewsMinister Cameron Brewer announced the finalists for the 2026 Minister for Manufacturing Awards, which celebrate innovation and excellence in New Zealand’s manufacturing sector that employs 250,000 people and contributes significantly to the economy and exports. The awards introduce three new categories, including one for small businesses with fewer than 50 employees, reflecting the sector’s diversity and importance. The government is committed to supporting manufacturers through skills development and technology adoption, with winners to be announced at the EMEX 2026 event in Auckland.
Tags: Cameron Brewer Minister for Manufacturing New Zealand Advancing Manufacturing Aotearoa EMEX 2026 Minister of Small Business Manufacturing Awards Auckland Showgrounds New Zealand Manufacturing Manufacturing IndustryFast-Track Approval Granted for Ayrburn Screen Hub Film Village in Queenstown
3 weeks ago | 288 viewsFast-track approval has been granted for the Ayrburn Screen Hub, a 7,200m² film and television production village in Queenstown, expected to inject $280 million into the local economy and support around 370 local jobs annually. The expert panel assessed environmental, cultural, and infrastructural impacts, finding manageable landscape effects and significant regional environmental benefits, including improved water quality. This project is the second in Otago to gain fast-track approval, part of a broader initiative with numerous infrastructure and development projects progressing under the Fast-track Approvals Act.
Tags: Mr Bishop Waterfall Park Developments Limited Ayrburn Screen Hub Queenstown Otago Region New Zealand Mill Creek Lake Hayes Minister for InfrastructureWTO Ministerial Conference: New Zealand Advances Digital Trade and Fuel Talks
1 month ago | 245 viewsTrade and Investment Minister Todd McClay concluded his role as Vice Chair at the 14th WTO Ministerial Conference, where members agreed on the need to modernize the WTO despite failing to finalize reforms and extend the tariff ban on digital trade. Significant progress was made with 66 WTO members agreeing to implement a new Electronic Commerce Agreement, banning tariffs on digital trade flows and benefiting small businesses and exporters. McClay also engaged with international counterparts on critical fuel supply chains and continues to push for limiting fisheries and agricultural subsidies to improve exporters' returns.
Tags: Todd McClay Damien O'Connor World Trade Organization New Zealand United States India China European Union Saudi Arabia SingaporeGlobal Trade Leaders Unite to Keep Supply Chains Open and Resilient
1 month ago | 229 viewsTrade and Investment Minister Todd McClay announced a joint statement with Future of Investment and Trade (FIT) Partnership members to keep global supply chains open, transparent, and resilient amid disruptions like the Middle East conflict. The FIT partners committed to collaborating on identifying trade disruptions, exchanging information, and ensuring air and seaports remain open to facilitate uninterrupted trade. Established in 2025, the FIT Partnership unites small and medium-sized economies to shape global trade, with New Zealand hosting the next ministerial meeting in July.
Tags: Todd McClay Costa Rica Iceland Liechtenstein New Zealand Norway Panama Rwanda Singapore SwitzerlandFIT Partnership Members Unite to Keep Global Supply Chains Open and Resilient
1 month ago | 278 viewsTrade and Investment Minister Todd McClay announced a joint statement by Future of Investment and Trade (FIT) Partnership members to keep global supply chains open, transparent, and resilient amid disruptions like the Middle East conflict. The partners committed to collaborating on identifying trade disruptions, sharing information, and ensuring air and seaports remain open to facilitate unimpeded trade. New Zealand, hosting the next FIT Ministerial Meeting in July, leads this initiative to support small and medium-sized economies in shaping the future of global trade and investment.
Tags: Todd McClay Costa Rica Iceland Liechtenstein New Zealand Norway Panama Rwanda Singapore SwitzerlandStats NZ Moves Over 60 Business Surveys Online to Ease Burden by 2026
1 month ago | 339 viewsStats NZ is transitioning over 60 business surveys to an online platform starting August 2026 to reduce the administrative burden on businesses and modernize data collection. This shift, praised by Statistics Minister Dr Shane Reti and Small Business and Manufacturing Minister Chris Penk, particularly benefits small businesses by making survey completion faster, more convenient, and less disruptive. The move aims to improve response rates and ensure timely, accurate insights for policymaking while allowing businesses to focus on growth.
Tags: Stats NZ Dr Shane Reti Chris Penk business surveys online surveys small business manufacturing New Zealand Labour Cost Index Business Price IndexFast-Track Approval Granted for New Zealand’s Green Steel Manufacturing Plant
1 month ago | 548 viewsNational Green Steel Limited’s structural steel manufacturing plant in Hampton Downs, Waikato, has been approved through the Fast-track process, aiming to produce 200,000 tonnes of recycled steel annually using low-carbon electric arc furnace technology. The project will reduce steel imports, enable local recycling of scrap metal, create about 200 skilled jobs, and support New Zealand’s infrastructure development by strengthening supply chains. This is the 13th project approved under Fast-track and the first infrastructure project involving steel manufacturing, reflecting industry readiness to invest in sustainable infrastructure solutions.
Tags: Mr Bishop Mr Jones Mr Watts National Green Steel Limited New Zealand Green Steel Hampton Downs Waikato AucklandNZ Leads FIT Partnership to Strengthen Global Supply Chain Resilience Amid Middle East Conflict
1 month ago | 342 viewsTrade and Investment Minister Todd McClay highlighted the impact of the Middle East conflict on global supply chains during the Future of Investment and Trade (FIT) Partnership meeting, emphasizing the risks of disruptions such as fuel supply challenges. He stressed the importance of keeping trade lines open and urged FIT members to collaborate on maintaining resilient supply chains through real-time information sharing and coordinated responses. The FIT Partnership, comprising 16 small and medium trade-dependent countries, aims to strengthen global trade cooperation and will hold its next ministerial meeting in Auckland in July 2026.
Tags: Todd McClay Future of Investment and Trade FIT Partnership New Zealand Middle East conflict supply chains trade disruption export restrictions global tradeNZ Hospitality Summit 2026: Boosting Economy and Supporting Industry Growth
1 month ago | 403 viewsTourism and Hospitality Minister Louise Upston emphasized the hospitality industry's significant contribution to New Zealand’s economy, generating over $9 billion in GDP and shaping visitor experiences. Since the first Hospitality Summit in 2024, the government has collaborated with the industry by introducing the Michelin Guide, investing in regional tourism, supporting major events, and reviewing regulations. The 2026 Summit focused on reflecting progress and planning practical steps to build a strong, resilient hospitality sector through continued partnership between government and industry.
Tags: Louise Upston Tourism and Hospitality Minister Hospitality Summit 2026 New Zealand economy Hospitality New Zealand Restaurant Association Michelin Guide Hospitality Sector Review Regional tourism Hospitality industryNew Zealand Launches Digital Food Labelling Trial to Boost Consumer Choice
1 month ago | 328 viewsThe New Zealand Government is launching a 12-month digital labelling trial for approved retailers to reduce barriers to market entry and increase consumer choice, focusing on lower-risk, pre-packaged imported foods. The trial will exempt a small number of retailers from physical labelling requirements while ensuring all safety standards and regulatory oversight remain intact. This initiative aims to test innovative technology, maintain food safety, and inform future food labelling policies in collaboration with Food Standards Australia New Zealand.
Tags: Nicola Willis Andrew Hoggard New Zealand Food Act 2014 digital labelling Food Standards Australia New Zealand Economic Growth Minister Food Safety Minister Australia New Zealand Food Standards Code Expression of InterestTauranga Māori Health Tech Company Carepatron Expands Globally with Govt Support
2 months ago | 394 viewsTauranga-based Māori health tech company Carepatron is expanding internationally after receiving support from the Government’s Māori Development Fund, which accelerated its AI-powered clinical support tool’s development and boosted export revenue by 50%. This growth aligns with the Government’s goals to double New Zealand exports and strengthen Māori participation in high-value sectors like technology. The investment reflects a broader strategy to enhance Māori enterprise capability, innovation, and global reach, driving economic success that benefits whānau, hapū, iwi, and regional communities.
Tags: Tama Potaka Carepatron Māori Development Fund Māori health technology Te Puni Kōkiri Tōnui Māori Māori enterprise New Zealand exports Māori Development MinisterNew Insights Reveal Why and How New Zealanders Travel Domestically in 2025
2 months ago | 499 viewsThe new Domestic Visitor Survey, conducted in late 2025, reveals that three in five New Zealanders took overnight trips and nearly half took day trips in the previous six months, with main motivations being visiting family and relaxation. Domestic tourism accounts for about 60% of New Zealand's tourism expenditure, making these insights crucial for industry planning and responding to travel trends, especially as international visitor numbers recover post-COVID. The survey highlights high trip satisfaction, common planning methods, and barriers like cost and weather, with further data releases planned to support ongoing tourism development.
Tags: Louise Upston New Zealand Domestic Visitor Survey Tourism Hospitality Verian Ministry of Business Innovation and Employment Tourism Evidence and Insights Centre Covid Census