Trade Minister Todd McClay says a trade agreement with Mexico, Chile, Colombia and Peru could be worth 10,000 jobs to provincial New Zealand and will give Kiwis unprecedented access to fast-growing Latin American mark
Trade Minister Todd McClay has welcomed Vanuatu to the landmark Pacific trade and development agreement PACER Plus and says this is another important step in developing the economies of our Pacific Island neighbours.
Trade Minister Todd McClay says the Government has agreed a negotiating mandate to upgrade the China Free Trade Agreement that will deliver thousands of jobs and be worth billions to our economy.
Trade Minister Todd McClay says he is deeply disappointed Queensland is pushing ahead with discriminatory government procurement rules which will unfairly disadvantage and potentially harm New Zealand companies.
Trade Minister Todd McClay will meet with his Australian counterpart Steven Ciobo tomorrow in Canberra to register New Zealand’s concerns about a state procurement proposal which favours local Queensland tenders over all others.
Mr McClay says that the ‘Queensland First’ policy proposed by the State Premier goes against the spirit of the Australia New Zealand Government Procurement Agreement which was signed 20 years ago this month.
Trade Minister Todd McClay says Thailand and New Zealand have agreed to market access improvements for our exporters and announced a new agricultural cooperation programme.
“In Bangkok today we signed an agreement increasing the volume of New Zealand dairy products that can enter Thailand under a preferential tariff rate. For some products this will mean a preference increase of between 10 and 20 per cent,” Mr McClay says.
Trade Minister Todd McClay will make the first official visit to Thailand by a New Zealand Minister since 2013 to engage with key ministers and business leaders on trade.
“Thailand is now our eighth largest trading partner. Since the Thailand New Zealand Closer Economic Partnership came into force, total goods trade has increased almost 150 per cent to more than $3 billion in 2016,” Mr McClay says.
“Many New Zealand companies have benefited from better access, but there is opportunity to further increase goods and services exports.”
Trade Minister Todd McClay has announced the launch of free trade agreement (FTA) negotiations with Mexico, Chile, Colombia and Peru and says better market access and lower tariffs will be of real value to New Zealand exporters.
“This is a big win in the fight for better access for New Zealanders to important overseas markets. We've worked hard for trade talks with the Pacific Alliance over the last two years and today’s announcement will be welcome news for our exporters,” Mr McClay says.
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.
Trade Minister Todd McClay tabled the PACER Plus trade and development agreement in Parliament today and has released the National Interest Analysis (NIA), which sets out the benefits of this landmark agreement.
Mr McClay says that PACER Plus is a high quality trade and development agreement which will help drive sustainability and economic certainty for our Pacific Island neighbours.
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.
Trade Minister Todd McClay has welcomed the appointment of respected trade policy expert Crawford Falconer as the U.K.'s Chief Trade Advisor.
"I congratulate Crawford and wish him well in his new role," Mr McClay says.
Mr McClay says that Mr Falconer had served in a number of roles including Ambassador to the WTO.
"He has a great deal of trade policy expertise and the world trading system will benefit from his appointment as the UK develops a post Brexit trade strategy," Mr McClay says.
Trade Minister Todd McClay will make New Zealand’s first official ministerial visit to Washington under the Trump administration this week and says he will be pressing to advance our trade relationship.
Mr McClay will meet with new U.S. Trade Representative Robert Lighthizer, Commerce Secretary Wilbur Ross, key members of Congress as well as speaking at a number of NZ-U.S. business events.
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.
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.
Trade Minister Todd McClay has released an information paper on the scope of the proposed free trade agreement (FTA) between New Zealand and the European Union (EU) as the Government seeks to have 90 per cent of our goods trade covered by FTAs by 2030.
“The early release of this paper will give New Zealanders and New Zealand businesses a better insight into the high level of ambition we have for this agreement as well as details about the market access we are pushing for and the quality outcomes we want to achieve,” Mr McClay says.
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.”
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.
Trade Minister Todd McClay has announced a series of trade-related public, iwi and business events signalling greater public engagement to help New Zealanders identify new opportunities and benefits from trade agreements.
Trade Minister Todd McClay says the public release of the PACER Plus text will help highlight the important benefits of the landmark trade and development deal for New Zealand and the Pacific.
The release of the text, agreed to by all 14 countries, is consistent with a renewed commitment to improving engagement and transparency around trade issues and will be followed up with a public outreach programme in the coming months.
Economic Development Minister Simon Bridges and Trade Minister Todd McClay have welcomed appointments and reappointments to the New Zealand Trade and Enterprise Board (NZTE) and the New Zealand Story Board (NZ Story Board).