Ministry for Regulation Launches Sector Review to Streamline Product Labelling Regulations

Ministers Seymour and Simpson have announced a Ministry for Regulation review to address the high costs and complexities of New Zealand's product labelling regulations, which hinder affordability and global competitiveness. The current system, comprising over 30 codes and standards, imposes unnecessary compliance burdens on businesses, leading to increased prices and limited wage growth. The review aims to streamline regulations, reduce compliance costs, and enhance Kiwi goods' competitiveness internationally, with a focus on benefiting both businesses and consumers by simplifying the labelling process.