Articles tagged with Trade

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New Zealand's Aviation Action Plan: 25 Actions to Future-Proof Sector

An ambitious Aviation Action Plan with 25 key actions has been launched in New Zealand to ensure the growth and sustainability of the aviation sector, supporting trade, tourism, and economic development across the country. Led by Associate Transport Minister James Meager and the Interim Aviation Council in partnership with the government, the plan aims to address challenges such as embracing innovation, building a skilled workforce, and enhancing consumer rights and accessibility for disabled travelers. Key actions include promoting growth and innovation in emerging technologies, addressing workforce issues, utilizing RNZAF Base Ohakea as an alternative runway, and supporting regional routes through loans and investments.

New Zealand Exporters Set to Benefit from Fairer Competition Under WTO Fisheries Subsidies Agreement

New Zealand's Trade and Investment Minister Todd McClay highlights the benefits for exporters from the World Trade Organisation's Agreement on Fisheries Subsidies coming into effect, aiming to ensure fair competition by prohibiting subsidies that support illegal fishing practices. McClay emphasizes that the agreement aligns with New Zealand's push for global reform in the fishing industry, promoting responsible production and safeguarding fish stocks. New Zealand's ratification of the agreement in 2023 reflects its commitment to supporting fair competition and doubling the value of exports, with a focus on the Pacific region where key partners and exporters operate.

New Zealand and Saudi Arabia Forge $100 Million Trade Partnerships

Minister 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.

New Zealand Trade Mission to Riyadh: Strengthening Ties with Saudi Arabia

Minister 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.

New Zealand Food Exporters to Benefit from Streamlined Regulations, Boosting Market Access

Food Safety Minister Andrew Hoggard announces a cut to red tape for food exporters in New Zealand, eliminating the need for special exemptions if products meet importing countries' requirements starting from 25 September 2025. This change simplifies compliance by aligning with destination countries' rules, reducing paperwork, costs, and delays previously associated with individual product exemptions. Hoggard emphasizes the benefits of increased efficiency, lower compliance costs, and improved trade opportunities, with a phased approach to extend the streamlined process to all food exports in the future.

New Zealand–UAE Trade Agreement Brings Major Benefits and Opportunities

The New Zealand–United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA) has come into effect, offering significant tariff savings and market access for Kiwi exporters. Key goods like dairy, red meat, and fruit will now enter the UAE duty-free, with the agreement aiming to enhance trade and investment opportunities between the two countries. The CEPA also paves the way for increased bilateral trade, job creation, and economic growth, aligning with New Zealand's export expansion goals.

Minister McClay Addresses US Tariffs: Impact on Kiwi Exporters & Strategies for Strengthening Trade

Minister Todd McClay met with US Trade Representative Jamieson Greer and Secretary of Agriculture Brooke Rollins in Washington to address New Zealand's concerns about US tariffs disadvantaging Kiwi exporters compared to other countries. Ambassador Greer acknowledged New Zealand's low tariffs on US goods and explained the recent 5 per cent tariff increase in relation to trade surplus, setting a new minimum tariff rate of 15 per cent for surplus countries. Discussions also included product-specific trade investigations and plans for trade officials to meet to assess tariff impacts and enhance exporter certainty, with future meetings scheduled during ASEAN Trade Ministers' Meeting and APEC Leaders' Summit to strengthen trade relations and combat harmful trade practices affecting dairy industries in both countries.

Minister Todd McClay to Strengthen Trade Relations in Saudi Arabia and US

Agriculture, Trade and Investment Minister Todd McClay will travel to Saudi Arabia and the United States to discuss bilateral trade and investment opportunities, particularly in food and agritech cooperation. In Saudi Arabia, he will meet with Minister of Commerce and Minister of Environment, Water and Agriculture to advance these opportunities and leverage the New Zealand-Gulf Cooperation Council Free Trade Agreement. In the US, Mr McClay will meet with USTR Jamieson Greer and industry representatives to discuss the impact of recent tariffs and broader bilateral trade, investment, and agricultural priorities.

Luxon and Albanese Forge Strong Trans-Tasman Partnership in Queenstown

Prime Minister Christopher Luxon and Australian Prime Minister Anthony Albanese met in Queenstown to discuss shared challenges and opportunities between New Zealand and Australia. They focused on economic cooperation, particularly aligning New Zealand's Going for Growth agenda with Australia's productivity agenda. The leaders announced a new partnership to harmonize national standards, aiming to facilitate trade, reduce costs, and support economic growth across both countries.

New Zealand and Indonesia Sign Agricultural Cooperation Agreement for Trade Growth

New Zealand's Minister of Agriculture, Trade and Investment Todd McClay and Indonesia's Minister of Agriculture Andi Amran Sulaiman signed a new bilateral arrangement in Jakarta to enhance agricultural cooperation and trade opportunities. The agreement focuses on livestock development, smart agriculture, biosecurity, agricultural research, and streamlined trade processes. Both countries will establish a Consultative Forum to coordinate future cooperation and align efforts on technical standards, certification, and regulatory requirements, aiming to boost exports and investment in agriculture.

Strengthening Economic Ties with Thailand and Indonesia: Minister Todd McClay's Mission

Trade and Investment Minister Todd McClay is traveling to Thailand and Indonesia to enhance New Zealand's economic relationships with these key Southeast Asian economies. The focus is on leveraging the region's economic growth potential, with discussions centered around doubling exports and strengthening trade ties. The Minister will engage with senior officials, promote high-value exports, and seek to expand cooperation in areas such as food security and trade agreements during his visit from 4 to 8 August.

New Zealand Faces Tariff Increase on US Exports: Implications and Response

The United States will increase tariffs on New Zealand exports from 10% to 15% starting August 7, aligning New Zealand with other US trading partners like Japan and South Korea based on trade deficits. Despite New Zealand's modest surplus of around US$500 million with the US, the overall trade relationship is balanced and complementary. Trade and Investment Minister Todd McClay is urgently seeking to discuss the tariff increase with the US Trade Representative to mitigate its impact on exporters and consumers and maintain the strength of the trading relationship.

NZ-UAE Comprehensive Economic Partnership Agreement Boosts Export Opportunities in $500B Market

The NZ-UAE Comprehensive Economic Partnership Agreement (CEPA) legislation has passed, giving Kiwi exporters access to a $500 billion market that imports 90% of its food, with tariffs on 98.5% of exports immediately removed, rising to 99% in three years. Agriculture, Trade, and Investment Minister Todd McClay highlights the benefits of the agreement in lowering costs, increasing access, and enhancing New Zealand's presence in the Middle East, aiming to capitalize on UAE consumers' demand for safe, fresh products. The CEPA aims to boost two-way trade between New Zealand and the UAE, worth $1.35 billion last year, by reducing red tape, promoting services trade, and supporting investment links, aligning with the government's goal of doubling export value in a decade.

New Zealand Resolves Dairy Dispute with Canada Under CPTPP, Securing $157m Export Value Annually

Trade and Investment Minister Todd McClay announced a resolution to a dairy dispute between Canada and New Zealand under the CPTPP, projecting a $157m annual export value increase for New Zealand dairy exporters. New Zealand initiated dispute settlement proceedings due to limited dairy market access in Canada, leading to a favorable ruling and subsequent agreement for improved access through quota adjustments and penalties for misuse. McClay emphasized the importance of upholding CPTPP obligations, praised Canada for constructive engagement, and highlighted the agreement's reinforcement of the rules-based trading system.

Minister Nicola Grigg Leads NZ Delegation to Pacific Trade Ministers Meeting in Fiji

Minister of State for Trade and Investment Nicola Grigg will attend the Pacific Island Forum’s Trade Ministers Meeting in Fiji to discuss the importance of trade for economic growth and prosperity in New Zealand and the Pacific region. The meeting aims to shape the future of trade and economic integration among Pacific Island countries. Ms. Grigg highlights New Zealand's commitment to regional cooperation, resilience, and leadership in advancing Pacific trade priorities, including initiatives such as the Fiji New Zealand Business Council's strategy to increase two-way trade to NZ$2 billion by 2030 and the PACER Plus trade agreement benefiting businesses and promoting investment flows in the region.