Trade Minister Todd McClay says he believes the time is right to launch trade talks with Mexico, Chile, Peru and Colombia as part of the Government’s push for better access in Latin America. Mr McClay leaves tomorrow to attend the Pacific Alliance Leaders Summit where a trade deal will be top of his agenda. “We’ve been talking to the four Pacific Alliance countries about better access for Kiwi exporters for the last two years. With direct flights to South America there is increasing opportunity for New Zealanders to do more in these growing markets,” Mr McClay says. “New Zealand currently…
Foreign Minister Gerry Brownlee will today travel to Cuba to meet with his counterpart before attending the Pacific Alliance Summit in Colombia. On June 27, Mr Brownlee will visit Cuba to meet Foreign Affairs Minister Bruno Rodríguez Parrilla. “This visit will help to strengthen New Zealand’s interests in the Latin American region, which is home to about 625 million people,” Mr Brownlee says. “New Zealand works with Cuba on a number of important issues, including agriculture, international development, and regional cooperation. “Both nations provide support to Small Island Developing States in the Pacific and Caribbean regions. Cuba is an important…
Foreign Minister Gerry Brownlee has today announced three senior appointments to oversee New Zealand’s involvement in Expo 2020, being held in Dubai, United Arab Emirates (UAE). Ex-Chairman of Kensington Swan lawyers, Clayton Kimpton, has been appointed as New Zealand’s Commissioner-General to Expo 2020 and prominent business leaders, Dame Julie Christie and Christopher Luxon, have been appointed to a wider steering group. “Expo 2020 presents a huge opportunity for New Zealand businesses to promote their goods and services into a region that has become one of New Zealand's fastest-growing markets outside China,” Mr Brownlee says. “The value of our trade with…
China has approved formal access for New Zealand bovine blood products into the Chinese market, Primary Industries Minister Nathan Guy has announced today. Access has been approved by the General Administration of Quality Supervision, Inspection and Quarantine of the People's Republic of China (AQSIQ) for New Zealand premises to export bovine blood products, such as bovine protein and serum, to China. This follows successful negotiations by the Ministry for Primary Industries (MPI). “Formal access for New Zealand bovine blood products opens up enormous opportunities for our producers. These products represent a valuable market and we expect our exports will be…
Monday, 19 June 2017 07:53

McClay says United States open to FTA

Trade Minister Todd McClay says his visit to Washington for high-level trade talks with the Trump Administration has been a success and that the U.S. has indicated it is open to a free trade agreement (FTA) with New Zealand when the time is right. Mr McClay met with Commerce Secretary Wilbur Ross, newly appointed U.S. Trade Representative Robert Lighthizer, Congressman David Reichert, Special Advisors to the President and members of the US Chamber of Commerce. Mr McClay says Secretary Ross has indicated that he is open to a trade deal with New Zealand and did not see any major issues,…
Trade Minister Todd McClay says a new era of closer economic relations with the Pacific has dawned following the signing of the PACER Plus trade and development agreement in Tonga today. “This is a landmark moment for the economic future of the Pacific. Pacer Plus will help sustainably develop the countries involved through trade and help raise the standard of living for their people. A more resilient and prosperous Pacific is in all of our interests,” Mr McClay says. “In the short-term, the Pacific countries who have signed this agreement will benefit economically and socially through the joint NZ Australia…
Building trading contacts is at the top of the list for a delegation of businesses that arrives today in Taipei, the capital of Taiwan, for a five-day visit. The delegation consists of six companies, and is being led by Wellington Chamber of Commerce Chief Executive John Milford. Members will attend the 70th anniversary of the Importers and Exporters Association of Taipei, before visiting the New Zealand Commerce and Industry Office (NZCIO), the Wellington Chamber's office in Taipei that is responsible for the development of trade, economic and cultural interests with Taiwan, given New Zealand does not have diplomatic relations with…
New Zealand is trumpeting a new trade and development deal for the Pacific - but will it boost the economies of the smaller countries, or undercut their development writes Sam Sachdeva Newsroom Pro's Foreign Affairs and Trade Editor. After eight long years of negotiations, it’s finally time to put pen to paper. New Zealand, Australia and 11 other Pacific nations are gathering in Tonga on Wednesday to sign the PACER Plus trade and development agreement. Speaking ahead of the signing, Trade Minister Todd McClay hailed the deal as “a new era for closer economic relations in the Pacific”, saying it…
Trade Minister Todd McClay says the signing ceremony in Tonga of the landmark PACER Plus trade and development agreement on Wednesday will usher in a new era for closer economic relations in the Pacific. Mr McClay will be joined at the ceremony by Australia and the Pacific Island countries who are ready to sign up. “After eight years of negotiation, the opening for signature of PACER Plus allows us to begin implementation of a $55 million development package that will boost exports, lift living standards and create jobs across the Pacific,” Mr McClay says. “The agreement will create a common…
Trade Minister Todd McClay has announced the establishment of the Services Export Reference Group at a press conference to launch an OECD study in Paris today highlighting the significant opportunity services exports offer the New Zealand economy. “Services account for 70 per cent of our GDP, 80 per cent of New Zealand jobs and 31 per cent of our exports,” Mr McClay says. “It is therefore imperative that we work closely with the services sector to bring down barriers and help them find greater success in overseas markets.” Mr McClay has invited 40 New Zealand services exporters and industry groups…
Thursday, 08 June 2017 13:26

New Ambassador to Brazil named

Foreign Minister Gerry Brownlee today named diplomat Chris Langley as New Zealand’s next Ambassador to Brazil. “Brazil is a global player on issues of importance to New Zealand, and we work closely together on a range of international issues including global trade, international security and climate change,” Mr Brownlee says. “New Zealand has a strong and growing economic relationship with Brazil, which is the seventh largest economy in the world. We have significant investments in Brazil’s dairy sector and are deepening links through education and tourism. “We recently restarted a trade dialogue with Mercosur – the Southern Common Market, which…
Trade Minister Todd McClay says the OECD Trade and Economic Ministers Council Meeting in Paris this week will be an important opportunity for New Zealand to show continued leadership on trade liberalisation. Mr McClay leaves today for the two-day event where he will meet with ministers from over 40 countries. “The theme of this year’s meeting is ‘Making Globalisation Work’ and it fits well with the priorities outlined in Trade Agenda 2030, the Government’s new trade strategy,” Mr McClay says. “Those priorities include wanting all New Zealanders to share in the economic benefits of trade. Protectionism stops this from happening,…
Australia remained New Zealand’s top trading partner in the year ended March 2017, Stats NZ said today. Trans-Tasman travel was worth more than $2 billion each way, which means the trade ties with Australia were worth more than those with China. “Higher travel services have pushed Australia into the top position for total trade, despite China being New Zealand’s top exports destination for goods such as dairy, logs, and meat,” international statistics senior manager Daria Kwon said. New Zealanders travelling to Australia spent $2.2 billion in the year ended March 2017, significantly more than the $257 million spent by New…
Ha Noi, Viet Nam – Ministers and Vice Ministers from Australia, Brunei Darussalam, Canada, Chile, Japan, Mexico, New Zealand, Malaysia, Peru, Singapore and Viet Nam met today to discuss the Trans-Pacific Partnership (TPP) in the margins of the Asia-Pacific Economic Cooperation (APEC) Ministers Responsible for Trade. The Ministers reaffirmed the balanced outcome and the strategic and economic significance of the TPP highlighting its principles and high standards as a way to promote regional economic integration, contribute positively to the economic growth prospects of its member countries, and create new opportunities for workers, families, farmers, businesses and consumers. The Ministers agreed…
The build up to the 2019 Rugby World Cup presents a huge opportunity for any New Zealand tech firms considering the Japanese market as the passion for the All Blacks is huge in Japan, NZTech chief executive Graeme Muller says. Muller has been in Japan this week on an economic and trade trip lead by Prime Minister Bill English. Japan is a major trading partner with New Zealand with $6.4 billion traded between both countries last year. A large proportion of the $3.4 billion imported from Japan last year was technology, mainly consumer electronics. "New Zealand is a trusted brand…
Entries for the inaugural ExportNZ ASB Wellington Export Awards close this Friday, May 19. Entrants must have a minimum of $100,000 in export revenue and be based in the Wellington region, which includes Horowhenua, Manawatu, Tararua, and Wairarapa down to Wellington. Companies can enter any of four categories: Marsh Innovation in Export Award, MFAT Most Sustainable in Export Award, Wellington Airport Emerging Exporter Award, CentrePort Excellence in Export Services Award. Entrants will be required to describe their company and its achievements in export. The judges will visit shortlisted companies during the week of 29 May – 2 June, at which…
Science and Innovation and Tertiary Education, Skills and Employment Minister Paul Goldsmith will travel to China tonight to represent New Zealand at the Belt and Road Forum for International Cooperation in Beijing. “Attending the first Belt and Road Forum will allow us to add a distinctly New Zealand voice and perspective. New Zealand’s best interests lie in participating in international initiatives that have the potential to benefit our economy and society,” says Mr Goldsmith. New Zealand’s participation in the Forum follows on from Chinese Premier Li Keqiang’s successful visit to New Zealand in March, where he and Prime Minister Bill…
Trade Minister Todd McClay travels to Vietnam today to hold talks with Prime Minister Nguyen Xuan Phuc and Trade Minister Tran Tuan Anh to discuss developments for the Trans-Pacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP) Agreements. “New Zealand and Vietnam are both parties to the TPP Agreement and the RCEP negotiation and we have a mutual commitment to high-quality trade deals that create opportunity for our citizens,” Mr McClay says. “The Asia-Pacific is the fastest growing region in the world and this presents a huge number of opportunities for our farmers, growers, exporters and our wider economy.”…
Trade Minister Todd McClay will chair the first meeting of the Trade Ministerial Advisory Group today (MAG) and says it builds on a strong campaign of new engagement opportunities in the trade portfolio. “Trade contributed $70 billion to the New Zealand economy last year alone and hundreds of thousands of jobs depend on it. We all have a stake in the continued success of our export sector,” Mr McClay says. “The MAG has been set up with this in mind and will provide better engagement on all trade issues. It will also serve as a more direct avenue for a…
Economic Development Minister Simon Bridges and Trade Minister Todd McClay have announced that New Zealand will participate in World Expo 2020, to be held in Dubai, United Arab Emirates. The announcement was made during Mr Bridges’ visit to Dubai. “Through Budget 2017, the Government is committing $53.3 million to construct a New Zealand Pavilion that will allow Kiwi businesses to highlight their innovative products and services and open doors to new export markets,” says Mr Bridges. “Showcasing New Zealand to the world is a crucial part of boosting economic growth. Expo 2020 will provide a springboard to promote us as…
Economic Development Minister Simon Bridges will travel to the United Arab Emirates (UAE) tomorrow for meetings with Ministerial counterparts in Dubai. “New Zealand’s relationship with the UAE continues to go from strength to strength. This visit will be an opportunity to progress discussions across a range of areas, including economic opportunities and collaboration in areas such as renewable energy and the New Zealand-Gulf Cooperation Council Free Trade Agreement,” Mr Bridges says. The UAE is now New Zealand’s largest export market in the Middle East, and our 12th largest trading partner. Alongside meetings with counterparts, the Minister will also meet with…
New Zealand Trade and Enterprise (NZTE) has launched a new service designed to help early-stage exporters learn the fundamentals of becoming a successful export business. NZTE’s new service, Export Essentials, consists of two parts. There are ten online guides that cover the basics of exporting that businesses can work through in their own time and pace. There is also a hands-on, collaborative two-day workshop, where participants will learn proven methods for successful exporting and leave with practical tools that they can apply directly to their business. “We’re really excited to add Export Essentials to our range of services. I believe…
Trade Minister Todd McClay travels to Malaysia today for high-level talks with Malaysian Trade Minister Mustapa Mohamed and to mark 60 years of successful bilateral relations between the two countries. Mr McClay will also speak about trade and investment opportunities in New Zealand at a business forum in front of 150 of Malaysia’s top executives and investors. “We have made a lot of progress in 60 years, particularly since a free trade agreement (FTA) was signed between our two countries in 2010,” Mr McClay says. “Malaysia is now our 10th largest two-way trading partner and in 2016 we exported more…
Customs Minister Nicky Wagner today welcomed the completion of a key trade system. Trade Single Window, which is a major component of the Joint Border Management System programme by Customs and the Ministry for Primary Industries (MPI), is an e-commerce platform that enables importers and exporters to meet all border requirements in one place. “Trade Single Window first launched in 2013 and last month hit a major milestone with its five-millionth transaction. The final elements successfully rolled out over the weekend, meaning the system is now complete,” Ms Wagner says. “This is the culmination of an incredible amount of hard…
Foreign Minister Murray McCully welcomes the Angolan Minister of External Relations Georges Rebelo Pinto Chikoti, who he will meet in Wellington today. “This visit presents an opportunity to deepen this relationship, including through discussing ways to increase trade flows. Angola had one of the fastest-growing economies of the past decade, and appointed its first ever Ambassador to New Zealand, resident in Singapore, last year,” Mr McCully says. “New Zealand and Angola served together as non-permanent members of the UN Security Council from 2015–2016. Angola is a leader in the Southern African region, and it provides an important voice on African…
Major Chinese banks operating in New Zealand continued to make significant inroads last year, with a strong rise in overall assets across all three as they look to cash in on the growing trade ties between the two nations. Trade between China and New Zealand has tripled to $23 billion since the free trade agreement between the two nations came into force in 2008. The money flow looks set to continue after New Zealand Prime Minister Bill English and China Premier Li Keqiang last week signed off a series of co-operation deals spanning trade, customs, travel and climate change and…
Energy and Resources Minister Judith Collins is leading a petroleum sector trade delegation to Texas and an electricity sector trade delegation to Silicon Valley next week. Ms Collins will be accompanied by a petroleum sector delegation, which includes representatives from New Zealand Oil and Gas, Todd Energy and the Petroleum Exploration & Production Association of New Zealand, to Texas. In Texas, Ms Collins will be attending the American Association of Petroleum Geologists’ Annual Convention & Exhibition in Houston, as well as meeting with exploration and service companies to discuss investment opportunities in New Zealand. Ms Collins will then lead an…
To many in New Zealand, the Oceanian state looks like an isolated outpost with economic powerhouses far, far away in another hemisphere. [Special coverage] It's at the end of a trail that snakes through Southeast Asia before a three-hour flight from Australia lands you in one of its handful of international airports. Small wonder that the China-proposed Belt and Road Initiative, a massive economic and trade project for common development and prosperity in countries along its routes in Europe, Africa and Asia, is little talked about here. However, New Zealanders are now starting to realize that while their country might…
Tuesday, 28 March 2017 08:21

Arrangement to boost China – NZ trade

An agreement to boost New Zealand-China trade was today signed by Customs Minister Nicky Wagner and China’s Ambassador, His Excellency Mr Wang Lutong. The Mutual Recognition Arrangement (MRA) ensures border agencies in New Zealand and China recognise one another’s trusted exporter programmes. “New Zealand and China Customs enjoy a strong working relationship. This arrangement will further strengthen ties by helping streamline the movement of goods,” Ms Wagner says. “Companies signed up to New Zealand Customs’ Secure Export Scheme will automatically benefit from faster cargo clearance, reduced document checks and less examination.” The MRA will come into effect on 1 July…
New Zealand and China will begin talks on an upgrade of the Free Trade Agreement between the two countries on April 25, Prime Minister Bill English announced today. The announcement followed official talks between the Prime Minister and Chinese Premier Li Keqiang in Wellington today. “The FTA with China has been an enormous success,” Mr English says. “Since coming into force in 2008 two-way trade between our two countries has tripled to $23 billion, creating jobs and opportunities for people in both countries. An upgrade will ensure this momentum continues and ensure that the FTA remains a modern agreement that…
The annual trade deficit for the year ended February 2017 was $3.8 billion, the largest since April 2009, Stats NZ said today. The export of a large drilling platform in 2016 inflated annual exports and reduced the annual trade deficit over the period from February 2016 to January 2017. Drilling platforms, some worth hundreds of millions of dollars, are counted in goods trade as imports when they arrive in New Zealand and as exports when they leave, even though they are typically leased for the period they are in New Zealand. If the drilling platform export of 2016 is excluded,…
Friday, 24 March 2017 11:54

NZ to open High Commission in Sri Lanka

Foreign Minister Murray McCully has announced that New Zealand will open a High Commission in Colombo, Sri Lanka. "Establishing a High Commission in Colombo is a sign of New Zealand’s commitment to strengthening the relationship between our countries," Mr McCully says. “Sri Lanka is rebuilding after a generation-long civil war, and we are keen to support that process politically and through a broader economic relationship. It is a growing economy, has a major dairy market and has expressed its interest in learning further about farming from New Zealand. “Sri Lanka offers increasing value and diversity to our exporters, and is…
Foreign Minister Murray McCully has announced that New Zealand will open an embassy in Dublin, Ireland. “New Zealand and Ireland enjoy a very warm relationship which is underpinned by our shared values,” Mr McCully says. “We work closely together on issues such as climate change, disarmament, and human rights, and are also both members of the Small Advanced Economies Initiative. “Having an embassy in Dublin will enable us to build on and strengthen this relationship. “Ireland is an important member of the European Union, so the Embassy will also support New Zealand’s interests in Europe, including as they relate to…
Good morning. Can I start by thanking the International Business Forum and the Auckland Chamber of Commerce for hosting this event. And can I acknowledge your guests and my ministerial colleagues. In particular I want to acknowledge Trade Minister Todd McClay, who along with Foreign Minister Murray McCully is doing an excellent job of promoting our interests overseas. I think Todd and Murray would admit that some parts of that job are not too difficult. After all, we have an enviable reputation around the world. New Zealand is renowned for its great lifestyle, safe and friendly communities, good public services…
Friday, 24 March 2017 09:08

PM launches ambitious trade agenda

Prime Minister Bill English has today launched New Zealand’s updated trade strategy, Trade Agenda 2030, and reiterated the Government’s commitment to free trade. The Prime Minister has also announced the Government’s ambitious goal of having free trade agreements cover 90 per cent of New Zealand’s goods exports by 2030, up from 53 per cent today, as well as investing $91.3 million over four years through Budget 2017 to help achieve this. “New Zealand is succeeding and New Zealanders are getting ahead. Wages and employment opportunities are rising, we’re investing in infrastructure like schools and roads and the Government’s books are…
Prime Minister Bill English announced today that he and Premier Li will hold official talks in Wellington, and that he and the Premier will also meet business leaders in Auckland during his visit from 26 to 29 March. "The visit is an important opportunity to set the agenda for the next stage of our strong relationship and demonstrates our shared commitment to open trade and economic growth," Mr English says. Premier Li’s visit marks the 45th year of diplomatic relations between China and New Zealand, and comes three years after China and New Zealand declared a Comprehensive Strategic Partnership during…
BADEN-BADEN, Germany The world's top economic powers have dropped a pledge to fully oppose trade protectionism, amid pushback from the government of U.S. President Donald Trump. Finance ministers at a Group of 20 meeting in Germany issued a statement Saturday that said only that countries "are working to strengthen the contribution of trade" to their economies. By comparison, last year's meeting called on... Full article on World powers drop pledge to fully oppose trade protectionism . . .read full release here |  A World News release  |  March 18, 2017  ||    
Friday, 17 March 2017 09:00

Exporting to Iran

The easing of United Nations sanctions against Iran in 2016 has created export opportunities for New Zealand. There is significant scope for increased trade, but care is needed. The Government puts its shoulder to the wheel Since United Nations sanctions were eased in 2016, there has been an uptick in government-to-government contact between New Zealand and Iran. The latest visit was by Minister for Primary Industries Nathan Guy early this month. While in Iran, Minister Guy witnessed the conclusion of a Meat Agreement between the Iranian Veterinary Organisation and the New Zealand Ministry of Primary Industries and the signing of…
Thursday, 16 March 2017 06:19

Joint Statement by TPP Partners

Viña del Mar, Chile - High Level Representatives from Australia, Brunei Darussalam, Canada, Chile, Japan, Mexico, New Zealand, Malaysia, Peru, and Singapore and Vietnam met here today to discuss the Trans-Pacific Partnership (TPP) on the margins of the High Level Dialogue on Integration Initiatives for the Asia Pacific. The participating partners reiterated their firm commitment to collaborate in keeping markets open and to the free flow of goods, services and investment advancing regional economic integration and strengthening the rules-based international trading system noting our concern with protectionism in many parts of the world. They recalled the balanced outcome and the…
Wednesday, 15 March 2017 07:52

Bottled water debate misses mark

The amount of water exported in bottles is so small that it is irrelevant to the important discussion on better managing New Zealand’s freshwater resources, Environment Minister Dr Nick Smith says. “We use a million times more water for irrigation, town water supply and industry than that for bottled export. Bottled water exports are such a small fraction that it is a distraction to the important debate about how New Zealand better manages its freshwater resources.” New Zealand’s annual freshwater resource is 500 trillion litres of which 2 per cent, or 10 trillion litres, is extracted. Statistics New Zealand reports…
Trade Minister Todd McClay travels from London to Chile today for the first combined meeting of Trans-Pacific Partnership (TPP) countries following the United States’ withdrawal from the agreement. “I welcome the opportunity to sit down with other TPP ministers, to take stock of current developments and to look at how we might move this important agreement forward together,” Mr McClay says. Mr McClay says he believed the TPP Agreement continued to offer value as a common set of rules across the Asia-Pacific region. "I have recently visited Australia, Japan, Singapore and Mexico, met with ministers from Brunei and Malaysia and…
Trade Minister Todd McClay met International Trade Secretary Dr Liam Fox and Minister for Trade Policy Lord Price today to reaffirm their joint commitment to global trade liberalisation, and lay the foundations for the future trade relationship between the UK and New Zealand. International Trade Secretary Liam Fox asserted the importance the UK places on its trading relationship with New Zealand, with total trade in goods and services between the two countries increasing by 13 per cent between 2014-15. The ministers welcomed progress made during the inaugural Trade Policy Dialogue meeting earlier this month. “Our dialogue will enable us to…
Wednesday, 08 March 2017 07:54

NZ and EU move closer to FTA

Trade Minister Todd McClay and European Union Trade Commissioner Cecelia Malmström have agreed the completion of joint scoping discussions towards an EU-NZ Free Trade Agreement (FTA) following a meeting in Brussels today. After almost 2 years of discussion, reaching this significant milestone means the FTA process now enters a new phase, where the Commission and New Zealand will seek respective mandates to commence negotiations. "Today’s meeting was an important demonstration of our commitment to launch negotiations as soon as possible in 2017," Mr McClay says. “New Zealand and the EU both recognise there are substantial benefits to be gained from…
Trade Minister Todd McClay will travel to Brussels for Free Trade Agreement (FTA) talks with the European Union (EU) this weekend and will then go on to London for a meeting of Commonwealth Trade Ministers. 'The simple aim of my visit to Brussels is to meaningfully advance efforts to commence our FTA negotiations with the EU,' Mr McClay says. 'The EU is our third largest trading partner with annual two-trade closing in on $21 billion. It is immensely important that we continue to fight on behalf of our exporters for improved access and reduced tariffs.' In London, Mr McClay will…
Minister for Primary Industries Nathan Guy has attended the world’s largest food tradeshow in Dubai today, as annual two-way trade with the Gulf Cooperation Council (GCC) countries exceeds $3.2 billion. “This visit is an opportunity to strengthen our business and trade links between GCC countries and New Zealand by shining the spotlight on our world-class products,” says Mr Guy. Gulfood is a five-day food show and provides a platform for New Zealand companies to impress 95,000 visitors expected to visit the 5000 stands from more than 120 countries. “Food and beverage is an important part of our trading relationship, built…
Minister of Primary Industries Nathan Guy has witnessed an agreement in Tehran enabling the resumption of sheep and beef exports to Iran, and witnessed Zespri signalling its willingness to explore the development of the kiwifruit market. “This is a crucial step for New Zealand meat companies as they look to re-enter the Iranian market," says Mr Guy. The conclusion of a Meat Arrangement between the Iranian Veterinary Organisation (IVO) and the New Zealand Ministry for Primary Industries provides the conditions for chilled and frozen sheep and beef exports to resume with Iran, the second largest economy in the Middle East…
Monday, 27 February 2017 07:39

Minister to visit Iran and UAE

Primary Industries Minister departs for Iran and the United Arab Emirates today on a trip to build closer trading relationships. “Iran has been an important trading partner for New Zealand in the past and there is great opportunity to increase our two-way trade. This is an exciting step for New Zealand companies who are working with importers in Iran,” says Mr Guy. “This will be the third ministerial visit to Iran in 12 months and reflects the growing importance of this relationship. This is an opportunity to strengthen our agricultural relationship, following the signing of an Agricultural Cooperation Arrangement in…
Trade Minister Todd McClay says he is extremely confident New Zealand has a strong case following Indonesia's decision to appeal a World Trade Organisation (WTO) ruling in favour of New Zealand beef and horticulture exports and says he expects Indonesia to meet their WTO obligations following the appeal. New Zealand and the United States brought a case against Indonesia disputing 18 agricultural non-tariff barriers. The WTO ruled in favour of NZ and the US on all 18 disputed point in December last year. “It is very common for WTO rulings of this nature to be appealed and we had expected…
The annual Australia-New Zealand Leaders’ talks have taken the cooperation between our two countries forward in a number of areas, Prime Minister Bill English says. Mr English met with Prime Minister Turnbull in Queenstown today to discuss common approaches to bilateral and international issues, including trade and science and innovation. Mr English also thanked Mr Turnbull for Australia’s offer of support for those fighting the fires on the Port Hills in Christchurch. “Australia is our closest friend and ally. “A friendship is never stronger than in times of need and New Zealand is very appreciative of the understanding Australians have…
With exporting a hot topic, it’s time for those in the industry to share their success stories with the rest of New Zealand.​Entries are now open to the Air New Zealand Cargo ExportNZ Awards 2017 – and Auckland and Waikato and judges are wanting to hear how exporters have triumphed over adversity to build a successful business. New Zealand is a trading nation and our exporters are vital to New Zealand’s economy, which has come under the spotlight with recent global events that indicate a move to more protectionist policies, says Catherine Lye, Regional Manager of ExportNZ Auckland, Waikato &…
Tuesday, 14 February 2017 11:28

Trade Minister in talks with Mexico

Trade Minister Todd McClay will visit Mexico today to meet his counterpart, Economy Minister Ildefonso Guajardo and discuss the future of trade between our two countries. “Mexico is already our largest trading partner in Latin America, and there is huge scope to further advance our economies, boosting trade and investment, and working together more closely in the Asia-Pacific region,” Mr McClay says. This will be the Government’s first formal contact with Mexico since the United States withdrawal from the TPP agreement. “It is timely that we sit down and discuss how to move our trading relationship forward. I expect our…
Monday, 13 February 2017 21:27

PM welcomes Australian PM to NZ

Prime Minister Bill English has announced Australian Prime Minister Malcolm Turnbull will make an official visit to New Zealand this week. Prime Minister Turnbull, Treasurer Scott Morrison and Industry Minister, Senator Arthur Sinodinos, arrive in Queenstown for the annual Australia-New Zealand Leaders’ meeting on Friday 17 February. New Zealand’s Finance Minister Steven Joyce and Economic Development Minister Simon Bridges will also join the meeting. “I am looking forward to welcoming Prime Minister Turnbull to Queenstown. His visit continues the tradition of holding trans-Tasman Leaders’ meetings early in the year,” Mr English says. “This visit will be a good opportunity to…
SHANGHAI, Feb 10 (Reuters) - New Zealand Prime Minister Bill English and Chinese Foreign Minister Wang Yi agreed to work together to support free trade and globalisation when they met in New Zealand's largest city, Auckland, China's foreign ministry has said in a statement. The pair met on Thursday and discussed launching negotiations to upgrade an existing bilateral free trade agreement and cooperate in sectors such as infrastructure, tourism and judicial enforcement, said the statement published late on Thursday on the ministry's website. "Hand in hand, we should protect the international trade system, build the open economy, and try to…
Exporters Must Persuade Government to Start Backtracking. Russia’s ban on importing New Zealand beef on the grounds of discovering additives in it has in fact all the characteristics of a reprisal for participating in the United States-invoked embargo. New Zealand is viewed as an easy target as the Russians now start retaliating against those nations which supported the blockade. The embargo mainly involved the United States and the EU. But anxious to appease the United States New Zealand deliberately demonstrated “solidarity” with the US, in the words of former premier John Key. In return for this New Zealand took pole…
Trade Minister Todd McClay today welcomed the inaugural daily flight of Qatar Airways direct Auckland – Doha service at Auckland International Airport saying the world's longest flight was set to boost New Zealand trade and tourism. “Qatar is a member of the Gulf Cooperation Council (GCC) and the air link will continue to gain importance when New Zealand concludes a Free Trade Agreement with the GCC,” Mr McClay says. The new service is the world’s longest commercial flight, taking 17 hours and 30 minutes and covering a distance of 14,535 kilometres. “The new Auckland – Doha service will not only…
Tuesday, 07 February 2017 07:49

Trade Minister to visit Japan and Singapore

Trade Minister Todd McClay will visit Japan and Singapore this week to discuss regional trade issues with his ministerial counterparts. During his visit to Japan, which is the first stop, Mr McClay will meet with the Minister in charge of Economic Revitalization Nobuteru Ishihara. “Japan is New Zealand’s fifth largest two-way trading partner, a significant source of foreign investment, and a key international partner in our efforts to liberalise trade in the Asia-Pacific region,” Minister McClay says. “We need to sit down and discuss the future of trade between our two countries and how we can best support regional economic…
Monday, 30 January 2017 12:38

Meat and dairy exports fall in 2016

New Zealand’s top two export commodities, meat and dairy, both fell by value in 2016, Statistics New Zealand said today. The total value of all export goods was $48.4 billion for the year ended December 2016, down $544 million from the previous year. This is the second annual fall in a row for exports. The latest annual total is $1.6 billion less than the high of the 2014 year. The biggest fall by value was for meat and edible offal, our second largest export group, with sales down $909 million to $5.9 billion. The fall in meat was driven by…
Monday, 23 January 2017 07:44

Future trade progressing with the UK

Trade Minister Todd McClay has said that New Zealand’s ongoing and future trade relationship with the United Kingdom is in good shape following agreement on the next steps for the newly established NZ-UK Trade Policy Dialogue. The progress was made during a meeting between Minister McClay and his UK counterpart, Secretary of State for International Trade Liam Fox at the World Economic Forum in Davos, Switzerland. “This is an important day for trade relations between our two countries as the Trade Policy Dialogue will ensure there is no disruption to trading conditions as a result of Britain leaving the European…
Trade Minister Todd McClay has confirmed New Zealand and Sri Lanka will progress discussions on new trade and investment opportunities, which could include a Free Trade Agreement between the two countries. The announcement comes after a meeting between Mr McClay and Sri Lanka’s Prime Minister Ranil Wickremesinghe at the World Economic Forum in Davos, Switzerland. “Prime Minister Wickremesinghe and I have instructed officials to consider how New Zealand and Sri Lanka can build the right framework to grow our economic relationship through a trade arrangement, including the possibility of working with other like-minded countries,” Mr McClay says. “Sri Lanka and…
A newly launched joint data sharing system between New Zealand and Chinese Customs will give kiwi exporters a competitive advantage, says Customs Minister Nicky Wagner. “Having the Joint Electronic Verification System operational gives New Zealand a big advantage over other exporters to China as we are only the second country in the world to have this sort of system in place with them. “JEVS makes the customs process simpler to accelerate border clearance, provide greater assurance over goods, and decrease the risk of goods being held up due to minor issues. “The new joint system automatically sends New Zealand’s Certificate…
WELLINGTON, Jan. 13 (Xinhua) -- New Zealand Trade Minister Todd McClay will be in Kuwait and the United Arab Emirates (UAE) next week in another bid to finalize a free trade agreement (FTA) with the Gulf states. MClay said Friday he would be pressing for a conclusion to the negotiations between New Zealand and the six-nation Gulf Cooperation Council (GCC), which began back in 2009. McClay would meet bilaterally with ministerial counterparts and business leaders, including UAE Minister of Economy Sultan bin Saeed Al Mansoor and Kuwaiti Minister of Commerce Khalid Nasser Al Roudhan. "This is my third visit to…
Friday, 13 January 2017 08:24

A European Agenda for the Trump Era

With few exceptions, governments across Europe do not like Donald Trump’s policies. As he prepares to enter the White House, the U.S. president-elect has already spoken extensively about making America great again. In particular, his economic policies seem protectionist, and his foreign policy, particularly with regard to Israel and Russia, will pose serious challenges to the EU. But instead of moaning about what is still Europe’s greatest ally, EU leaders should respond to the new administration in several ways. These responses are not about countering U.S. influence, which would be impossible in any case. They are about understanding why and…
The Minister for Foreign Affairs and Trade, Charlie Flanagan TD, met with New Zealand Foreign Minister, the Honourable Murray McCully at Iveagh House for talks today. At the meeting the Ministers discussed the opportunities and challenges that have arisen as a result of the UK’s decision to leave the European Union. The Ministers also spoke about Ireland’s bid to host the Rugby World Cup in 2023 and exchanged national rugby jerseys. “The Irish bid team regularly refer to New Zealand’s hosting of the World Cup in 2011 as the inspiration for the Irish bid. That tournament was a remarkable success…
Wednesday, 11 January 2017 09:08

Bill English talks trade in Europe

European Union leaders have talked up the prospects of a free trade agreement, saying it would send a strong political signal as protectionism takes hold elsewhere. They have even suggested it could be completed within three years. Bill English arrived in Brussels today on his first official overseas trip as Prime Minister. After meeting English, European Council President Donald Tusk and European Commission President Jean-Claude Juncker said they expected formal negotiations for the long-awaited free trade agreement between the EU and New Zealand to begin soon. Tusk said it would further strengthen relations and made an apparent reference to the…
Winners and losers in tradeoff Exactly how a liberal government’s attempt to appease its Green Party MPs led to a declaration of war, however figurative, from the prime minister of Israel is the strangest tale yet in New Zealand’s almost two centuries of farm politics. Exactly how this state of affairs led to a covert New Zealand taxpayer funded stock handling depot in the middle of a Middle East desert only contributes to a tale which ranks alongside anything from Arabian Nights. The way in which it made strange bedfellows of meat packing, slaughter house, freezing works proprietors and the…
Britain should secure trade agreements with former colonies ahead of Brexit, MPs argue.  On Politico By Esther King The U.K. should reject the customs union and embrace trade with Commonwealth countries post-Brexit, according to a report by the Free Enterprise Group of Tory lawmakers released Tuesday. Brexit is an opportunity to return to the U.K.’s “free trading principles” and pursue an agenda of “independent, worldwide trade liberalization and tariff elimination,” according to the report, which is co-authored by Conservative MP James Cleverly and Royal Commonwealth Society policy director Tim Hewish. The Free Enterprise Group also includes Brexit hardliners such as…
Tuesday, 10 January 2017 14:45

Fonterra to boost Bangladesh dairy industry

A New Zealand based leading multinational dairy company -- Fonterra Co-operative Group Limited has expressed their interest to invest in the country's dairy sector, a high official of concern ministry said. Fisheries and Livestock minister during his visit to New Zealand last year got the proposal from Fonterra for investment in the country's dairy sector. To this effect, top officials of Fonterra visited Dhaka last month and submitted a proposal in this regard to the government requesting to arrange a government to government meeting (G to G) between Bangladesh and the New Zealand. Board Director of Fonterra Co-operative Group Limited…
Trade talks at risk because of European sensitivities on agriculture, a populist Kiwi lawmaker says. Trade talks between New Zealand and Europe risk being shot down by national or regional parliaments in the EU and should be shelved to prioritize a deal with the U.K., a populist Kiwi lawmaker has said. Ahead of Tuesday’s meeting in Brussels between New Zealand Prime Minister Bill English and European Commission President Jean-Claude Juncker, who are expected to discuss bilateral trade negotiations that could start in the upcoming months, trade spokesperson Fletcher Tabuteau from the populist New Zealand First party warned of “deep trouble”…
More local businesses looking to expand into Korea will benefit from the latest round of tariff reductions under the New Zealand-Korea Free Trade Agreement, Trade Minister Todd McClay says. The start of 2017 saw two thirds of New Zealand’s exports to Korea become duty free, up from 46 per cent in 2016. “Thanks to this continued progress under the FTA, even more New Zealand businesses can compete favourably in the Korean market,” Mr McClay says. New Zealand and Korea celebrated the first anniversary of the agreement in December 2016. Since the FTA’s entry into force in December 2015, New Zealand…
Friday, 23 December 2016 10:51

NZ wins WTO tariff case against Indonesia

The World Trade Organisation has upheld New Zealand's challenge to 18 agricultural non-tariff barriers imposed by Indonesia. New Zealand and the United States jointly brought the case against Indonesia in 2013 over a range of barriers imposed on agricultural imports since 2011. They included import prohibitions, use and sale restrictions, restrictive licence terms and a domestic purchase requirement. Trade Minister Todd McClay says they've cost the New Zealand beef sector alone between half a billion and a billion dollars. "This is an important result for New Zealand's agricultural exporters, and for trade fairness," he said on Friday. "As a result…
YANGON - Myanmar's economy is slowly emerging from the crippling effects of decades of military rule, where a poorly-managed resources industry dominated much of the country's trade. The Aung San Suu Kyi-led government is encouraging foreign and local investment in job-creating export industries, with a strong focus on manufacturing. Boosted by U.S. President Barack Obama's recent removal of executive sanctions on Myanmar, the country's garment industry is on the rise, and aims to be the nation's largest employer. The NLD-led government hopes new factories can provide employment for hundreds of thousands, whose education and work opportunities were stunted under 50…
Wednesday, 21 December 2016 14:44

Overseas Merchandise Trade: November 2016

Beef and lamb exports fell in November, as the amount of meat sold dropped heavily compared with last year’s record season, Statistics New Zealand said today. Meat and edible offal exports fell $158 million (31 percent) from November 2015, contributing to a $219 million (5.4 percent) fall in overall exports. Beef exports fell 41 percent in value and 31 percent in quantity, and lamb exports fell 27 percent in value and 23 percent in quantity. “Beef exports to the United States, our top beef export destination, fell by around half when compared to November last year” senior manager Jason Attewell…
Wednesday, 21 December 2016 06:09

Santa News and Tracking

Santa Urges the World to Forgive Hi everyone! Santa’s workshop is running full tilt at this hour but production estimates are behind where they hoped to be by this time. Elf Bernard said that while the Merry Prankster did no lasting harm to the workshop he did set them behind a bit with his constant pranks over the past month. But elves are so happy that he has been caught it appears they are making up for lost time in fine fashion. We still have a few days before Santa launches but I’m hearing rumors already that Santa’s workshop will…
The Mandaue Chamber of Commerce and Industry (MCCI) has a lot on its plate as it gears up for at least four trade missions across Asia and the Pacific in 2017. Glenn Soco, MCCI president, said they plan to send delegates to explore business and investment opportunities in Laos in Cambodia, Australia and New Zealand, Ayabe in Japan, as well as Thailand next year. “Laos is a new frontier as their country is opening up to foreign investors. They are keen on building stronger trade with the Philippines also,” he said in a text message to Cebu Daily News. In…
India plans to take a longer period to eliminate tariff with China to give the domestic industry enough time to adjust to a trade deal with China.  New Delhi:India plans to offer tariff elimination on more than 70% traded goods with China over an extended period of time under the ongoing negotiations for a Regional Comprehensive Economic Partnership (RCEP) agreement. “One cannot go beyond 6% offer on either side of common concession. For example, if common concession is decided at 80% for all countries, then we cannot offer China tariff elimination of less than 74%,” a government official said, requesting…
Trade finance remains poor relation of populist state industry hand-outs As the 1980s dawned the Silicon Valley of the South Seas was the Hutt Valley. Apple’s Steve Wozniak cruised the valley in awe of the digital presentation skills of the state television operation based on the Avalon studios. The state’s own physics and engineering laboratory was at work on advanced integrated circuitry and superconducting. A privately held company variously known as Systems and Programmes Ltd, SPL, and Progeni had designed a desk top product that had taken interactive screen graphics further than any other developer had taken the science up…
Tuesday, 13 December 2016 20:12

Don't allow dumping in New Zealand

Dumping products should not be allowed in the New Zealand market, says ManufacturingNZ. Dumping is selling products in an export market at a lower cost than they are sold in their home marketParliament's commerce select committee has been considering a Trade Bill* that would allow dumping to occur in New Zealand as long as a 'public interest' test was followed. The select committee has now reached deadlock on the issue, and is not able to provide a recommendation to Parliament on whether the Bill should proceed.ManufacturingNZ Executive Director Catherine Beard says the Bill should not proceed. "This Bill came about…
Monday, 12 December 2016 06:20

Is it US v China in trade pacts?

In one corner, there is the United States; in the other, China. The sole superpower trying to maintain its top position versus a dormant giant now increasingly ready to assume what it deems its rightful place in the world. Or so the popular narrative goes. It sees both nations vying for influence in the region by binding other countries to them through trade deals: the Trans-Pacific Partnership (TPP), which the US is a part of, and the Regional Comprehensive Economic Partnership (RCEP), which China is in. This impression has been reinforced by rhetoric from both sides. US President Barack Obama,…
Non tariff measures (NTMs) are becoming increasingly worrisome for New Zealand exporters. Our firms know these NTMs impose considerable costs, reduce trade volumes and eat into margins posts John Ballingall, Deputy Chief Executive, NZ Institute for Economic Research (NZIER) on TradeWorks. NTMs are regulatory tools, other than standard border tariffs, that can have potential economic effects on trade – either a decrease in quantities traded, an increase in their price, or some combination of both. Common examples are quotas, technical standards (TBT), registration processes, labelling, sanitary and phyto-sanitary (SPS) measures and biosecurity procedures. NZIER wanted to estimate just how serious…
Saturday, 10 December 2016 07:51

McClay to meet Brunei Foreign & Trade Minister

  Trade Minister Todd McClay will meet Brunei’s Second Minister of Foreign Affairs and Trade tomorrow. The Minister, Pehin Lim Jock Seng is visiting New Zealand along with Brunei’s Industry Minister, Pehin Yasmin Umar. “Brunei is a good friend of New Zealand, working cooperatively with us within ASEAN and beyond,” says Mr McClay. “Brunei and New Zealand cooperate in trade, defence, and education – and Brunei is also a strong supporter of trade liberalisation. “Two-way trade is worth NZ$506 million and is dominated by oil. Of our more modest exports, butter accounts for 30 per cent. “I look forward to…
Thursday, 08 December 2016 08:38

NZ welcomes Brunei delegation

Foreign Minister Murray McCully has welcomed the visit to New Zealand later this week by Brunei’s Second Minister of Foreign Affairs and Trade Pehin Lim Jock Seng and Energy and Industry Minister Pehin Yasmin Umar. “Brunei is an important partner for New Zealand in South East Asia, and we enjoy friendly cooperation in defence, trade and education,” Mr McCully says. “During the visit, we will discuss Brunei’s plans to diversify its economy and how New Zealand can best support these efforts. Our talks will also focus on regional economic and political issues.”    
Thursday, 08 December 2016 07:15

China Landing Pads open to New Zealand Business

The distance between China and New Zealand has just became a lot closer today with the announcement of five new business landing pads now available for Kiwi businesses in China. Five leading business innovation hubs in Shanghai, Chengdu and Chongqing have fostered a relationship with New Zealand based business FunderTech to open their doors to foreign businesses. The Chinese Local Government are supporting the initiative by providing shared workspaces while FunderTech will be providing a wrap-around support service for kiwi businesses to accelerate grow and investment opportunities. The deal provides flexible terms for up to 40 foreign businesses to establish…
Forgotten deal relied on common sense instead of currency  The advent of New Zealand’s only branded home-grown vehicle the Trekka 50 years ago was the result of a counter trade, a barter, that even today is still staggering in its simplicity. Indeed, the sheer scope of the barter even today is still unrecognised just because it was so straightforward. New Zealand had a surplus of wool. Czechoslovakia’s Skoda Works had a surplus of vehicles. Therein lay the deal. Until this moment it has remained a secret. We will now reveal how it worked out in practice. The organisation to see…
THE Pacific Islands Trade & Investment (PTI) agency successfully met with exporters in Honiara in a bid to open up the New Zealand market to Solomon Islanders. Twenty attendants from 15 export companies went through a day-long programme with PT&I that is spearheaded by the PT&I (NZ) Auckland branch with support from the Solomon Islands Chamber of Commerce & Industry (SICCI). Ian Furlong, the trade development manager of PT&I (NZ) described the training a big success and one that has attracted very keen interest compared with the programme in other Pacific countries. It is the first time for PT&I to…
Tehran, Dec 4, IRNA – New Zealand Trade Minister Todd McClay said on Sunday that Wellington government is willing to draw up a roadmap for economic cooperation with Iran and set up a joint committee to promote trade ties.He made the proposal in a meeting with Iran's Minister of Industry, Mines and Trade Mohammad Reza Nematzadeh in Tehran. He called for cooperation on research, development and innovation. Stressing the need for compiling a roadmap for strengthening industrial and trade relations, he said that New Zealand banking and insurance experts are currently on a visit to Iran to help resolve problems…
Deputy Prime Minister and Foreign Minister Pham Binh Minh suggested Vietnam and New Zealand strengthen their economic and trade ties in order to reach the bilateral trade target of US$1.7 billion in 2020 set by their senior leaders.vietnam new zealand look to stronger economic tiesDeputy PM Pham Binh Minh (left) meets with Speaker of New Zealand’s House of Representatives David Carter (Photo: VNA) The official made the proposal during his meetings with Speaker of New Zealand’s House of Representatives David Carter and Deputy Prime Minister-cum-Finance Minister Bill English in Wellington on December 1. He called on the two countries to…
New Zealand was once Britain’s Farm on the other side of the world. In the 1950s the UK bought almost all of New Zealand’s agricultural exports. Somewhat ironically, it was our decision to enter the European Economic Community (EEC) in the 1973 that forced New Zealand to embrace free trade, opening up to other export markets and developing other products. While the country initially experienced a difficult transition period, New Zealand slowly transformed itself from one of the most regulated and protected economies in the world into one of the most market-orientated. New Zealand’s experience in redesigning its trade strategy…
The New Zealand economy is doing extremely well, because of trade liberalisation, not in spite of it. We are one of the most open economies in the world. Our economic performance is the envy of many countries, certainly our closest neighbour and largest trading partner Australia and many EU member states. GDP growth this year was 3.6 per cent and is forecast to remain between 3 and 3.5 per cent for a number of years to come. Unemployment has fallen to 4.9 per cent with labour force participation rates the highest they have been since records were first kept. Debt-to-GDP…
 Trade Minister Todd McClay leads a senior-level business delegation on New Zealand’s first trade mission to Tehran in twelve years, today. Iran and New Zealand have a long-standing trade relationship, dating back to 1975 when New Zealand established an Embassy in Tehran, its first in the Middle East. “There is enormous opportunity for Iran and New Zealand to work together to boost two-way trade,” says Mr McClay. “Iran has traditionally been a very important market for our sheep meat and butter however exports have diminished over a number of years. Since the lifting of UN sanctions there are now renewed…
Thursday, 01 December 2016 12:11

New Zealand businesses share Brexit views

Trade Minister Todd McClay today published a summary of what New Zealand businesses think about Brexit and the impact they believe it could have on trade with the United Kingdom – New Zealand’s fifth largest trading partner. This follows a public consultation held earlier in the year to better understand the position of New Zealand exporters and investors into the UK market. A total of 18 submissions were received, with businesses sighting a combination of potential opportunities and challenges from the United Kingdom’s decision to separate from the European Union. “Understanding the views of New Zealand businesses is fundamental to…
Excessive red tape, glacial bureaucratic processes and arbitrary new rules in overseas markets are a big – and costly – part of the trade picture for Kiwi exporters of agriculture, food and other products say the NZ International Business Forum (NZIBF) and the APEC Business Advisory Council (ABAC). Two recent studies throw a spotlight on the burden imposed by so-called “non-tariff barriers” (NTBs) faced by New Zealand firms operating in the Asia-Pacific. The first report was prepared by the USC Marshall School of Business and released by ABAC at the recent APEC meetings in Lima and focuses on the impact…
Wednesday, 30 November 2016 08:17

Non-Tariff-Barrier research welcomed

Trade Minister Todd McClay has welcomed the release of two studies which shed new light on the cost and impact of unnecessary red tape and arbitrary trade rules on New Zealand’s exports. “Technically referred to as non-tariff barriers, these unfair obstacles are costing New Zealand businesses US$5.9 billion every year,” says Mr McClay. This is according to a report released this week by the New Zealand Institute of Economic Research. The research was commissioned by the Ministry of Foreign and Trade as a contribution to Asia Pacific Economic Cooperation (APEC) work on this issue. In parallel to this, the APEC…
TEHRAN, Nov. 29 (MNA) – Iran's Ambassador to New Zealand Jalalelddin Namini Mianeji on Tuesday announced that the two countries enjoy growing economic and political relations. He said New Zealand’s Trade Minister Todd McClay, heading a private sector economic delegation, will travel to Europe and Iran over the next week to take part in a number of trade-related events. His team will hold talks and meetings with Iranian officials on examining ways to develop and deepen bilateral economic relations in post-JCPOA era. "This is the first high-ranking economic delegation of New Zealand that enters Iran during post-sanctions era," Namini underlined.…
Tuesday, 29 November 2016 10:07

Italy and NZ commit to doubling two-way trade

Italian Deputy Minister for Economic Development, Ivan Scalfarotto and New Zealand Minister of Trade, Todd McClay, have jointly hosted a business event in Milan today committing to doubling two-way trade between the two countries. Mr McClay is on a trade promotion visit to Europe and today joined his Italian counterpart at a Business Roundtable with 30 New Zealand and Italian businesses. “At my last meeting with Mr Scalfarotto, we reaffirmed our commitment to expanding bilateral trade and agreed to bring our business communities together,” says Mr McClay. Mr Scalfarotto said today's Roundtable event had demonstrated the supportive business environments and…
Sunday, 27 November 2016 16:05

New Customs and Excise Bill introduced

The new Customs and Excise Bill will strengthen border management and make life simpler for businesses, says Customs Minister Nicky Wagner. “The Bill will take the place of the out-dated Customs and Excise Act 1996, which is difficult to understand and apply, creating unnecessary compliance costs for business,” Ms Wagner says. “Businesses’ obligations will be clearer and there will be more flexibility in meeting them in the new modern legislation. “We have addressed concerns raised by the public during consultation around Customs’ powers to search e-devices at the border. “Customs’ powers to examine and access electronic devices will be restricted…
WELLINGTON, Nov. 22 (Xinhua) -- New Zealand exports to South Korea have grown strongly since the two countries implemented a bilateral free trade agreement in December last year, Trade Minister Todd McClay said Tuesday. In the first nine months since entry into force of the New Zealand-Korea Free Trade Agreement, food and beverage exports to South Korea rose 16 percent to 449 million NZ dollars (317.17 million U.S. dollars) compared to the same period a year earlier, McClay said in a statement ahead of the first anniversary of the agreement. "Those products where tariffs have been eliminated immediately have fared…
Wednesday, 23 November 2016 07:08

Cross-party missions head to Europe and Iran

| Wellington Nov 23, 2016 | -Trade Minister Todd McClay and opposition MPs will travel to Europe and Iran over the next week to take part in a number of trade-related events. Mr McClay says New Zealand needs to engage more broadly in trade-related activities in Europe and this mission would offer a valuable opportunity to promote New Zealand goods and services in these lucrative markets. "Italy, France and the United Kingdom are collectively worth more than $9.2 billion of two-way trade and are home to 190 million consumers. That is significant. “The mission will engage directly with New Zealand…
Monday, 21 November 2016 14:26

Malaysia-NZ FTA review welcomed

Trade Minister Todd McClay and Malaysian Minister of International Trade and Industry YB Dato’ Sri Mustapa Mohamed met at APEC in Lima today to conclude the first General Review of the Malaysia-New Zealand Free Trade Agreement (MNZFTA). The FTA entered into force on 1 August 2010. “The strong trade and investment flows between the two economies are underpinned by a close and cooperative working relationship,” says Mr McClay. “It is a solid platform to develop further trade and investment opportunities in both our countries.” The Review Report concludes that the operation and implementation of the Agreement is serving the Agreement’s…
Prime Minister John Key today announced the launch of negotiations to upgrade the New Zealand - China Free Trade Agreement (FTA). The announcement followed a meeting this morning with Trade Minister Todd McClay and Chinese Commerce Minister Gao Hucheng at the APEC Summit in Lima, Peru. Mr Key and President Xi welcomed the commitment to an upgrade at the APEC Leaders’ retreat today. “New Zealand was the first developed country to negotiate and conclude an FTA with China, and I’m pleased that today we have reached the fifth ‘first’ in our relationship, as the first developed country to launch an…
Obvious benefits emerging from shrouds | Napier - MSCNewsWire - Monday 21 Nov,2016 |- Now that the media-led hysteria attendant upon the election of Donald Trump is fading we can obtain a clear fix on the new United States trade policies. They in fact indicate an increasingly fair wind for New Zealand. The priority is to in-shore what was once United States based engineering and manufacturing and return it to the rust-belts where the electors voted heavily for Trump. This will not affect New Zealand which in the 1980s and in pursuit of globalisation ceased the manufacture here, actually added…
Wednesday, 16 November 2016 10:10

TPP Bill passes Third Reading

Trade Minister Todd McClay has welcomed the third reading of the Trans-Pacific Partnership Agreement Amendment Bill in Parliament today. The passage of this Bill is a significant step towards New Zealand ratifying the Trans-Pacific Partnership (TPP). “It will be a signal of the commitment that New Zealand has for the continued liberalisation of international trade. At times when there is uncertainty in the rest of the world, New Zealand’s consistent and trusted voice of negotiating trade outcomes that are good for our economy needs to be heard. “Our vision for a mechanism to enhance trade between four countries grew into…
Wednesday, 16 November 2016 08:47

Green light for trans-Tasman patent regime

Commerce and Consumer Affairs Minister Paul Goldsmith has welcomed the passing of the Patents (Trans-Tasman Patent Attorneys and Other Matters) Amendment Bill, which will implement a joint trans-Tasman licensing regime for New Zealand and Australian patent attorneys. Patent attorneys make up a small profession providing specialist advice to innovative businesses on the protection and exploitation of intellectual property. “The two countries share over 500 trans-Tasman patent attorneys. With many of them already registered in both jurisdictions it makes sense to take advantage of economies of scale and save the profession time, money and effort. “A modern regime for regulating patent…
Friday, 11 November 2016 07:42

McCully to Middle East

Foreign Minister Murray McCully will travel to the Middle East next week to meet with leaders and counterparts in Jordan, Israel, and the occupied Palestinian territories and to attend the Sir Bani Yas Forum in Abu Dhabi. “New Zealand continues to serve as a member of the United Nations Security Council until the end of the year and we remain focused on doing what we can to help address the current conflicts in the Middle East,” Mr McCully says. In addition to meeting with regional leaders Minister McCully will attend the 7th Sir Bani Yas Forum in Abu Dhabi. Hosted…
United States foreign worker clampdown will boost US milk production costs MSCNewsWire - Nov 10, 2016 / New Zealand’s primary produce export opportunities are more likely to rise rather than decline with the election of Donald Trump as United States President. The reason is that the incoming president as a priority has the dismantling of the confrontation between the US and Russia. The economic component of this stand-off is the United States-led embargo on exports to Russia. A détente will open up Russia especially to exports from the EU which is the United States main partner in the embargo. The…