Business News & Articles
India's Commerce Minister Piyush Goyal Accelerates Trade Talks with New Zealand
1 day ago | 41 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 NegotiationsDr Shane Reti Announces New Appointments to Pacific Business Trust and Centre for Pacific Languages Boards
5 days ago | 92 viewsDr Shane Reti has made new appointments to the Pacific Business Trust Board and the Centre for Pacific Languages Board, with Uluomato’otua Saulaulu Aiono appointed as Chair of the Pacific Business Trust Board. Nora Swann and Lanuola Moe-Penn have also joined the Board. Eli Tagi and Dr Rae Si’ilata were reappointed to the Centre for Pacific Language Board, with Dr Polu Apollo Taito as a new member. Dr Reti emphasizes the importance of these organizations in driving economic growth and preserving cultural identity. The appointed individuals bring diverse expertise and community connections to their respective boards, acknowledging the contributions of outgoing members.
Tags: Shane Reti Uluomato’otua Saulaulu Aiono Nora Swann Eli Tagi Rae Si’ilata Polu Apollo Taito Paul Retimanu Jean MitaeraNew Zealand Boosts Local Businesses with Procurement Rule Changes
1 month ago | 185 viewsChanges to government procurement rules in New Zealand aim to give local businesses a better chance at winning contracts by introducing an economic benefit test, effective from 1 December. These new rules, resulting from feedback received during consultation, include simplifying processes, reducing the number of rules, and emphasizing the economic value and job creation for Kiwis. The changes are designed to make it easier for both local and international businesses to compete for government contracts while upholding international trade commitments and ensuring responsible use of taxpayer money.
Tags: New Zealand Government contracts Economic Growth Minister Nicola Willis procurement rules businesses economic benefit test Kiwi businesses taxpayer money international companiesAdvancing New Zealand's Wood Processing Sector: Growth, Challenges, and Opportunities
1 month ago | 182 viewsThe speaker expresses gratitude for the opportunity to address the audience and acknowledges the leadership and commitment within New Zealand's wood processing sector. They highlight the importance of the sector to the national economy, emphasizing its role in regional prosperity and job creation. The speaker discusses challenges facing the industry, opportunities for growth through export value doubling objectives, government support initiatives such as the Wood Processing Growth Fund, and efforts to address barriers like energy costs and trade tariffs while reaffirming support for the sector's growth and excellence.
Tags: Mark Ross Don Hammond New Zealand Rotorua Gisborne Government Viet Nam India Australia United States Trade Representative Jamieson GreerNew Zealand Defence Industry Strategy: Boosting Local Businesses and Resilience
1 month ago | 173 viewsNew Zealand's Defence Industry Strategy aims to support local businesses in delivering defence equipment and infrastructure, aligning with the 2025 Defence Capability Plan to double defence spending. The strategy emphasizes building a resilient industry to mitigate global tensions and enhance economic growth through collaboration with Kiwi innovators and major suppliers. Key actions include requiring multinational companies to partner with local businesses, establishing a Technology Accelerator, and creating offshore opportunities for showcasing New Zealand-made innovations to international partners.
Tags: Defence Minister Judith Collins Associate Defence Minister Chris Penk Defence Industry Strategy New Zealand industry Defence Capability Plan economy innovation technology suppliersGovernment Announces Key Appointments in State-Owned Enterprises Portfolio
1 month ago | 177 viewsState-Owned Enterprises Minister Simeon Brown announced appointments and reappointments at Kiwi Group Capital Ltd and NZ Post. David McLean was reappointed as Chair at Kiwi Group, with Scott Pickering appointed as a director. At NZ Post, Alastair Bell and Grant Stapleton were appointed as directors. These appointments aim to ensure strong governance and leadership in State Owned Enterprises to meet future challenges and opportunities.
Tags: Simeon Brown David McLean Scott Pickering Alastair Bell Grant Stapleton Kiwi Group Capital Ltd NZ Post State Owned Enterprises New ZealandersNew Zealand Tourism Minister Leads Trade Mission to Strengthen China Relations
1 month ago | 258 viewsTourism and Hospitality Minister Louise Upston will lead an industry delegation on a tourism-focused trade mission to China, visiting Shanghai, Guangzhou, and Beijing to meet with Chinese airlines, e-commerce platforms, and tourism professionals. The mission aims to promote New Zealand's tourism sector, understand the Chinese market, and strengthen the relationship with China as it is New Zealand's third largest tourism market. Efforts include facilitating Chinese visitors' entry to New Zealand and fostering economic growth through tourism, friendship connections, and trade relationships.
Tags: Louise Upston China Tourism Hospitality Minister of Culture and Tourism New Zealand Trade mission Chinese market Aviation AccommodationNew Zealand and Saudi Arabia Establish Business Council to Boost Trade and Investment
1 month ago | 221 viewsMinister for Trade and Investment Todd McClay and Saudi Minister of Investment H. E. Dr Majid bin Abdullah Al-Kassabi signed a joint statement establishing the New Zealand–Saudi Arabia Business Council to enhance trade and investment between the two countries. Saudi Arabia, a top 20 export market for New Zealand with a significant economy, presents lucrative opportunities, especially with the upcoming free trade agreement with the Gulf Cooperation Council. The Business Council aims to support exporters, raise awareness of opportunities, strengthen relationships, and contribute to the government's goal of doubling exports in 10 years, ultimately creating more jobs and economic growth for New Zealand.
Tags: Minister for Trade and Investment Todd McClay Saudi Minister of Investment New Zealand–Saudi Arabia Business Council Saudi Arabia trade investment free trade agreement Gulf Cooperation Council exportersEnhancing Investment Links Between New Zealand and Saudi Arabia for Mutual Growth
1 month ago | 246 viewsMinister Todd McClay met with Saudi Arabia’s Minister of Investment to enhance investment ties between the two countries, leveraging Saudi Arabia’s Vision 2030 reform agenda. The meeting follows the New Zealand-Gulf Cooperation Council Free Trade Agreement and aims to boost trade and investment cooperation, focusing on key growth sectors like renewable energy and tourism. Both ministers agreed to establish a Cooperation Framework Agreement to facilitate investment opportunities and strengthen collaboration between the two countries.
Tags: Minister for Trade Investment Todd McClay Saudi Arabia Vision 2030 New Zealand Gulf Cooperation Council renewable energy cleantech advanced food productionNew Zealand and Saudi Arabia Forge $100 Million Trade Partnerships
1 month ago | 238 viewsMinister Todd McClay announced five new commercial partnerships between New Zealand and Saudi Arabian companies during a Trade and Investment mission in Riyadh, expecting over $100 million in commercial value. The partnerships aim to deepen trade relations, boost exports, and align with Saudi Arabia's Vision 2030 for premium solutions. Examples include collaborations in nutrition products, fruit production, animal management, and creative industries like design and construction.
Tags: Todd McClay Trade Investment Agriculture New Zealand Saudi Arabia Partnerships Commercial Exporters Vision 2030New Zealand Trade Mission to Riyadh: Strengthening Ties with Saudi Arabia
1 month ago | 329 viewsMinister Todd McClay will lead a delegation of 21 New Zealand businesses to Riyadh to enhance trade ties with Saudi Arabia, aiming to tap into the country's significant economic potential outlined in its Vision 2030 strategy. The mission will spotlight New Zealand's strengths in food, agriculture, technology, and creative sectors, aligning with the government's goal to double export value in a decade and support Saudi Arabia's development objectives. With Saudi Arabia already a key export market for New Zealand, bilateral trade has seen substantial growth, reaching $1.58 billion, showcasing the mutual benefits of the partnership.
Tags: Todd McClay Trade Investment Agriculture New Zealand Saudi Arabia Business Delegation Export Food Security DevelopmentNew Members Appointed to Boost New Zealand Tourism Board
2 months ago | 397 viewsTourism and Hospitality Minister Louise Upston announced the appointment of five new members and one reappointment to the New Zealand Tourism Board, highlighting the wealth of knowledge and experience they bring to strengthen efforts in marketing New Zealand as a visitor destination. The Board's critical role in driving up international visitor numbers is emphasized as tourism is New Zealand's second largest export and a key component of economic growth. Outgoing members are acknowledged for their service, with new appointments varying in term lengths from two to three years.
Tags: Louise Upston Chris Roberts Jane Patterson Jonathan Cameron Piers Bebbington Kevin Malloy Jacqui Walshe Steve Chadwick Jan Hunt Colleen NevilleNew Zealand Invests $150,000 in WTO Fisheries Subsidies Agreement for Fair Global Trade
4 months ago | 1023 viewsThe Government is investing a further $150,000 to support implementation of the WTO Fisheries Subsidies Agreement—ensuring New Zealand exporters can compete on a level playing field while helping protect global fish stocks. “This is about backing rules that stop unfair subsidies and make sure all countries are held to the same standards,” Trade and Investment Minister Todd McClay says. “It’s in New Zealand’s direct interest to see this Agreement fully implemented—especially in the Pacific, where many of our key partners operate and where our seafood exporters are active.
Tags: Agreement Investment New zealand New zealand2 agreement Pacific Todd mcclay Wto fisheries subsidies agreement