04 Mar 2026
7 months ago
1264 views
New Zealand's international trade statistics reveal strong export growth, reaching $29.2 billion in the December quarter, driven by key sectors like dairy, tourism, and meat. Trade and Investment Minister Hon Todd McClay highlights the importance of open markets, strong trading relationships, and government support in sustaining this success amid global economic uncertainty. The government remains committed to enhancing trade by reducing barriers, expanding free trade agreements, and empowering exporters to drive economic growth and job creation.
01 Dec 2025
10 months ago
1146 views
New government procurement rules, effective immediately, aim to boost Kiwi businesses by simplifying tender processes and introducing a minimum 10 percent economic benefit weighting in contract evaluations. The Ministry for Business, Innovation and Employment will monitor compliance and impact, ensuring agencies prioritize New Zealand economic benefits such as workforce participation and training. These changes apply to contracts over specified thresholds and comply with international trade obligations by allowing foreign companies to demonstrate economic benefits to New Zealand.
31 Oct 2025
11 months ago
1166 views
Prime Minister Christopher Luxon and Minister for Trade and Investment Todd McClay, along with their Singaporean and Chilean counterparts, launched negotiations for the Green Economy Partnership Agreement (GEPA) in the Republic of Korea. The agreement aims to boost trade and investment opportunities in the global green economy, estimated to reach US$11 trillion by 2040, by focusing on areas such as sustainable finance, green goods and services, and low emissions fuel alternatives. The negotiations, set to continue until 2026, follow the signing of a Comprehensive Strategic Partnership with Singapore and underline New Zealand's commitment to meeting climate targets and fostering a greener economy through international collaboration.