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Trade Minister Todd McClay.
Trade Minister Todd McClay says Kiwi exporters will be $100 million better off today as the NZ-EU Free Trade Agreement (FTA) comes into force.
McClay says that New Zealand’s prosperity is dependent on international trade as it makes up 60% of the country’s total economic activity.
“It is only through a strong economy that we can reduce the cost of living and pay for quality public services like schools and hospitals,” he says.
“This is a significant achievement for New Zealand and follows more than 15 years of lobbying, persuading and negotiating.”
The agreement secures tariff reductions for kiwifruit, wine, seafood, and several other products and includes commitments on services and investment, ensuring that Kiwis can compete fairly in the EU market in these sectors.
To grow awareness of the opportunities the FTA presents, the Government will undertake an information campaign to help Kiwi businesses grow trade with the EU.
“Trade supports one in four kiwi jobs, and we rely on strong relationships with international partners to increase productivity, grow export opportunity, and boost the resilience of our economy,” McClay says.
The EU is New Zealand’s fourth-largest trade partner, with two-way goods and services trade worth $20.2 billion in 2022, accounting for 10.3% of New Zealand’s total trade in goods and services.
“The EU is an important and trusted partner for New Zealand. We look forward to deepening both economic and people-to-people connections further,” McClay says.
With adverse weather set to rain down on the Top of the South, the Bay of Plenty and parts of Northland, Agriculture Minister Todd McClay says farmers, foresters, and growers need to prepare for possible challenges.
Prime Minister Christopher Luxon has reiterated New Zealand’s ‘China And’ policy, adding that it wasn’t about choosing one market over another but creating more options for exporters.
A long running trade dispute between New Zealand and Canada over dairy access has been resolved.
New Zealand and Malaysia have agreed to boost trade for high-quality halal meat products.
This past week has seen another round of negotiations between India and New Zealand to produce a free trade agreement (FTA) between the two countries.
New Zealand's red meat processing and exporting sector has welcomed the government's announcement of new work visas.
Fresh produce grower and exporter T&G Global has overturned last year’s dismal performance by reporting a half year net profit of $1.7 million.
One of New Zealand’s largest fertiliser plants could be forced to shut down for four months as uncertainty looms over gas supply.
Federated Farmers North Canterbury president Bex Green says two public meetings held this week should have made it loud and clear that rural families and businesses are concerned about proposed staffing changes at NZ Police.
The Environmental Protection Authority (EPA) is consulting on a proposal to ban weedkillers containing chlorthal-dimethyl (DCPA).
August 6 marks Farm Worker Appreciation Day, a moment to recognise the dedication and hard mahi of dairy farm workers across Aotearoa - and DairyNZ is taking the opportunity to celebrate the skilled teams working on its two research farms.
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