06 May 2026
5 months ago
1141 views
Trade 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.
31 Mar 2026
6 months ago
1045 views
Trade 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.
31 Mar 2026
6 months ago
1166 views
Trade 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.
21 Nov 2025
11 months ago
1131 views
Trade and Investment Minister Todd McClay welcomed progress on Costa Rica’s accession to the CPTPP, with ministers planning to announce substantial conclusions before year-end, making Costa Rica the second economy to join after the UK. Accession processes will also begin with Uruguay this year and with Indonesia, the Philippines, and the UAE in 2026, while discussions continue with other aspirant countries to meet the Auckland Principles. Additionally, inaugural Trade and Investment Dialogues with the EU and ASEAN were held to strengthen cooperation on digital trade, supply chain resilience, and support for WTO reform, emphasizing the importance of upholding international trade rules.
16 Sep 2025
1 year ago
1193 views
New Zealand, Singapore, the United Arab Emirates, and Switzerland have formed the Future of Investment and Trade (FIT) Partnership to enhance trade and investment opportunities and support economic growth. The partnership includes several other countries like Brunei, Costa Rica, and Iceland, among others. Discussions on establishing the FIT Partnership began a year ago, with a focus on practical initiatives to open markets, attract investment, and remove barriers to benefit businesses and strengthen supply chains.