Articles tagged with Fit Partnership
Future of Investment and Trade Partnership Advances Global Trade and Reduces Barriers
1 month ago | 272 viewsMembers of the Future of Investment and Trade (FIT) Partnership, including New Zealand, committed to practical initiatives to enhance trade by tackling non-tariff barriers, promoting digital trade, and strengthening economic resilience. The meeting resulted in declarations addressing NTBs, digital trade facilitation, economic security, and global subsidies, aiming to support fair competition and secure supply chains. Additionally, Korea, Peru, and Thailand joined the partnership, increasing membership to 19 and highlighting the group's growing influence.
Tags: Todd McClay New Zealand FIT Partnership Korea Peru Thailand Fiji Samoa Trade Minister Ministerial DeclarationFIT Partnership Expands to 19 Members Boosting Global Trade Opportunities
1 month ago | 341 viewsThe Future of Investment and Trade (FIT) Partnership has expanded from 16 to 19 members with Korea, Peru, and Thailand joining, reflecting growing interest among small and medium-sized trading nations. The partnership focuses on creating simple, consistent trade rules to support exporters, strengthen trading positions, and foster economic growth amid global uncertainties. New Zealand, a founding member, hosted a significant Ministerial meeting in Auckland, emphasizing the importance of collaboration among like-minded economies to open doors in emerging markets and enhance trade opportunities.
Tags: FIT Partnership Todd McClay New Zealand Korea Peru Thailand Trade Investment Ministerial meeting Emerging marketsNew Zealand and Switzerland Launch Trade and Investment Dialogue to Boost Cooperation
1 month ago | 260 viewsNew Zealand and Switzerland have agreed to establish a Trade and Investment Dialogue to enhance cooperation on trade, economic security, e-commerce, investment, and sustainability. This initiative follows discussions between their trade officials and aims to strengthen bilateral trade and collaboration within international forums amid global economic uncertainty. In the year ending December 2025, two-way trade totaled NZ$1.88 billion, with key exports and imports including services, meat, pharmaceuticals, and intellectual property, and the first official meeting is scheduled for September.
Tags: New Zealand Switzerland Todd McClay Helene Budliger Artieda Trade and Investment Dialogue FIT Partnership World Trade Organization OECD economic cooperation bilateral tradeGlobal Trade Ministers Gather in Auckland for Major FIT Partnership Meeting
1 month ago | 272 viewsTen trade ministers and up to 100 delegates from 21 countries will meet in Auckland for the second Future of Investment and Trade (FITP) Partnership Ministerial Meeting, chaired by New Zealand's Trade Minister Todd McClay. The meeting aims to reduce trade barriers, simplify trade rules, and address non-tariff barriers affecting $9 billion of New Zealand trade, while promoting digital trade and tackling trade-distorting subsidies. This global gathering strengthens ties among small and medium-sized economies and positions New Zealand at the forefront of international trade discussions.
Tags: Todd McClay New Zealand FIT Partnership trade ministers international trade global trade trade rules digital trade trade disruptionsNZ Leads FIT Partnership to Strengthen Global Supply Chain Resilience Amid Middle East Conflict
5 months ago | 903 viewsTrade and Investment Minister Todd McClay highlighted the impact of the Middle East conflict on global supply chains during the Future of Investment and Trade (FIT) Partnership meeting, emphasizing the risks of disruptions such as fuel supply challenges. He stressed the importance of keeping trade lines open and urged FIT members to collaborate on maintaining resilient supply chains through real-time information sharing and coordinated responses. The FIT Partnership, comprising 16 small and medium trade-dependent countries, aims to strengthen global trade cooperation and will hold its next ministerial meeting in Auckland in July 2026.
Tags: Todd McClay Future of Investment and Trade FIT Partnership New Zealand Middle East conflict supply chains trade disruption export restrictions global tradeFIT Partnership Launches Initiative to Strengthen Global Supply Chain Resilience
9 months ago | 804 viewsTrade and Investment Minister Todd McClay joined the Future of Investment and Trade (FIT) Partnership to launch an initiative aimed at enhancing supply chain resilience through a Ministerial Declaration. The FIT Partnership, established in September 2025, serves as a platform for small and medium-sized economies to promote open, fair, and rules-based trade while welcoming new members Malaysia and Paraguay. This effort aims to provide greater certainty and reduced costs for exporters, boosting economic confidence amid global disruptions.
Tags: Todd McClay Future of Investment and Trade FIT Partnership supply chain resilience New Zealand Malaysia Paraguay trade investment Ministerial Meeting