Articles tagged with Todd

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Government Backs Hawke’s Bay Growers in Feasibility Study for McCain Site Purchase

The Government is supporting Hawke’s Bay growers in exploring a farmer-led purchase of McCain Foods’ vegetable processing site in Hastings by committing $50,000 for a feasibility study. Agriculture Minister Todd McClay has engaged with local stakeholders and directed officials from the Ministry for Primary Industries to gather information and provide ongoing support. The Government aims to assist the more than 100 affected growers and their communities during this challenging time.

Sri Lankan Foreign Minister Visits NZ to Boost Trade, Open New High Commission

Sri Lankan Foreign Minister Vijitha Herath visited New Zealand for the first time since 2014, marking a milestone with the opening of the Sri Lankan High Commission in Wellington and strengthening bilateral ties. During the visit, both countries discussed enhancing cooperation in trade, education, sport, and announced plans to negotiate a bilateral Trade and Investment Framework Arrangement (TIFA) to boost economic engagement. New Zealand officials emphasized that the TIFA will unlock new opportunities for exporters, support trade diversification, and contribute to New Zealand’s goal of doubling export value within ten years.

NZ Trade Minister Todd McClay to Lead Key Talks at APEC Summit in China

Minister for Trade and Investment Todd McClay will visit China for bilateral trade talks, industry promotion, and the APEC Trade Ministers meeting, emphasizing the importance of China as a key trading partner under New Zealand's Free Trade Agreement. He aims to strengthen connections with major regional economies and address critical fuel supply chain disruptions to ensure smooth trade flows. APEC's 21 economies collectively account for over 70% of New Zealand's exports, 60% of global GDP, and 37% of the world’s population.

New Review Launched on Dairy Industry Restructuring Act to Assess Fonterra Rules

The Ministry for Primary Industries has released the terms of reference for a mandatory review of the Dairy Industry Restructuring Act (DIRA) to evaluate whether its competition provisions regulating Fonterra remain necessary and effective. The review will consider if these provisions should be retained, repealed, or amended, with findings due to Parliament by June 1, 2027, and will include two rounds of stakeholder consultation. DIRA was originally established to support Fonterra’s creation and regulate its market activities beyond general competition laws to ensure efficient dairy market operations in New Zealand.

Government Enhances Plant Variety Rights to Boost NZ Exports and Growers' Income

The New Zealand Government is strengthening the Plant Variety Rights Act 2022 to better protect investments in high-value horticulture, support growers, and boost export returns, particularly for kiwifruit and apples. Key changes include extending the PVR term by five years and restoring provisional protection to allow breeders immediate legal action against exploitation during the application process. These measures aim to encourage innovation, secure jobs, and enhance New Zealand’s competitiveness in global markets.

New Associate Agriculture Minister Mike Butterick Takes Key Roles in NZ Primary Sector

Agriculture Minister Todd McClay announced that Associate Agriculture Minister Mike Butterick will oversee the organics sector, water security and storage, the arable sector, Māori agribusiness, and catchment groups. Butterick, a sheep and beef farmer from Wairarapa, brings practical farming experience and will support efforts to reduce red tape and boost productivity in rural communities. Meanwhile, McClay has taken on responsibility for horticulture matters, strengthening the government’s focus on New Zealand’s primary sector.

Ambassador Clare Kelly Appointed Chair of WTO General Council, Boosting NZ Trade Impact

Trade and Investment Minister Todd McClay has welcomed Ambassador Clare Kelly's appointment as Chair of the WTO General Council, marking only the second time a New Zealander has held this top position. Ms. Kelly, with extensive trade and foreign policy experience, will focus on advancing WTO reforms and extending the ban on tariffs for digital trade following disappointing outcomes at the 14th Ministerial Conference. She has served as New Zealand’s Ambassador to the WTO since 2022 and will hold the chair position for one year, succeeding Ambassador Saqer Abdullah Almoqbel.

Costa Rica Joins CPTPP: New Zealand Gains Duty-Free Access and Trade Benefits

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.

New Zealand and Singapore Sign Landmark Agreement to Secure Essential Goods Trade

New Zealand and Singapore have signed the Agreement on Trade in Essential Supplies (AOTES) to ensure the uninterrupted movement of critical goods like fuel and food by preventing export restrictions between the two nations. This world-first agreement, built on cooperation during the COVID-19 pandemic, formalizes practical collaboration to enhance supply chain resilience amid global volatility. Incorporated into their existing Free Trade Agreement, AOTES reflects their commitment to reliable access to essential supplies during crises and strengthens their trusted partnership.

Kiwi Exports to EU Surge $3 Billion in Two Years Boosting NZ Economy

Kiwi 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.

New Zealand and India Sign Historic Free Trade Agreement Boosting Jobs and Exports

New Zealand and India have signed a landmark Free Trade Agreement (FTA) that eliminates or reduces tariffs on 95% of New Zealand’s exports, boosting job creation, economic growth, and export diversification. Key benefits include immediate duty-free access to major products like sheep meat, wool, seafood, and forestry exports, as well as significant tariff cuts on kiwifruit, wine, mānuka honey, and dairy, with many tariffs phased out over a period of up to ten years. The agreement also activates a parliamentary review process and includes a Most Favoured Nation clause, ensuring New Zealand exporters gain enhanced market access comparable to that of the European Union.

New Zealand-India Free Trade Agreement Signed to Boost Exports and Trade Growth

Trade and Investment Minister Todd McClay is traveling to New Delhi to sign the New Zealand–India Free Trade Agreement (FTA), which aims to enhance trade by eliminating or reducing tariffs on the majority of New Zealand exports, including key products like sheep meat, seafood, fruits, and industrial goods. This landmark agreement supports New Zealand's goal to double export value within 10 years by providing duty-free or reduced-tariff access to a wide range of products and services in one of the world's fastest-growing economies. Additionally, McClay will participate in Anzac Day commemorations and a joint business summit, while also promoting trade and investment activities in Singapore.

New Zealand-India FTA Signed: Major Tariff Cuts Boost Exports and Trade

Legal verification of the New Zealand-India Free Trade Agreement (FTA) has been completed, with signing scheduled for 27 April in New Delhi, providing New Zealand unprecedented access to India's large and growing economy. The agreement eliminates or reduces tariffs on 95% of New Zealand exports, including immediate duty-free access to key products like sheep meat, wool, seafood, and forestry, while also offering significant tariff cuts on items such as kiwifruit, wine, and mānuka honey. Following signing, the FTA will undergo parliamentary examination and public scrutiny, ensuring transparency and enabling New Zealand to benefit from Most Favoured Nation status and expanded export opportunities across various sectors.

Tony Balfour Appointed New Chair of New Zealand Lotteries Commission Board

Internal Affairs Minister Brooke van Velden announced Tony Balfour as the new Chair of the New Zealand Lotteries Commission Board, effective May 1, succeeding Mark Todd. Balfour brings extensive experience in governance, business strategy, and community engagement, ensuring strong leadership for the Commission. His appointment aims to enhance the Commission's integrity, transparency, and support for community initiatives through lottery funding.

Prepare for Tropical Cyclone Vaianu: Essential Weather Warnings for Farmers and Rural Communities

Farmers, growers, and rural communities in the North Island, Upper South Island, and Chatham Islands are urged to stay updated and prepare for Tropical Cyclone Vaianu, which is expected to bring heavy rain and damaging winds from Saturday to Monday. Agriculture and Rural Communities Ministers emphasize the importance of safety measures, including self-evacuation from rising waters and moving livestock to higher ground, while acknowledging the resilience of these communities amid ongoing recovery efforts. The Ministry for Primary Industries is actively monitoring the situation and coordinating with local emergency groups, and support is available through the Rural Support Trust for those in need.