Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


LANZBC welcomes NZ’s first FTA with Mexico through CPTPP

LANZBC welcomes New Zealand’s first Free Trade Agreement with Mexico through CPTPP

The Latin America New Zealand Business Council (LANZBC), congratulates the New Zealand Government on the news that the Comprehensive and Progressive Agreement for Trans-Pacific Partnership has been ratified by six member nations, including New Zealand and Mexico, and will be in force by 30 December.

The CPTPP will provide improved access into Mexico and the LANZBC encourages all New Zealand businesses to explore the vast opportunities this market offers.

Simon O’Connor, President of the LANZBC commented:

“The CPTPP is a major boost to New Zealand’s ability to trade on a level playing field. Having Mexico as a free trade partner provides a significant opportunity for New Zealand exporters and we look forward to the ratification by Chile and Peru. New Zealand’s first free trade agreement with Peru will offer substantial opportunity for exporters to expand their customer base.”

Colum Rice, Partner at LANZBC member PwC, said:

"The CPTPP creates significant opportunities for New Zealand exporters, any business operating in or looking to enter any of the CPTPP markets. Businesses should be considering whether they have the relationships and expertise to compete in these lucrative markets that have been opened up."

Brendan Mahar, LANZBC Ex Officio Director and Latin America Market Manager for New Zealand Trade and Enterprise (NZTE), said all the hard work involved in getting to this point of ratification has been well worth it, especially when you consider the potential benefits to New Zealand exporters.

“The December 30th implementation of CPTPP is great news as this free trade agreement has the potential to provide immediate benefits to businesses already trading with Mexico. As well as tariff reductions, it also creates an improved platform for growth in the commercial relationship between New Zealand and Latin America. The platform is there, now we need businesses to explore and take up the opportunities.”

Goods and services trade between New Zealand and Mexico countries was valued at $742 million in 2017.

© Scoop Media

Business Headlines | Sci-Tech Headlines


Government: New Year Border Exception For Seasonal Workers In The Horticulture And Wine Industries

2000 additional RSE workers to enter New Zealand early next year employers must pay these workers at least $22.10 an hour employers will cover costs of managed isolation for the RSE workers RSE workers will be paid the equivalent of 30 hours work a week ... More>>


Grey Power: Is Disappointed To Learn Of More Bank Closures

Many older people are being left without essential services because of cost cutting and the march of modern technology. It is now expected that most banking transactions can occur via the internet or telephone. Jan Pentecost, President of the Grey Power ... More>>


Economy: Supply Chain On Brink Of Overload Says National Road Carriers

The New Zealand supply chain is on the brink of overload and it looks like the upcoming peak imports season may push it over the edge says National Road Carriers Association (NRC) CEO David Aitken. “Worldwide supply chains are in disarray,” says Mr Aitken. ... More>>

Stats NZ: Annual Goods Trade Surplus At 28-Year High

New Zealand’s annual goods trade surplus reached a 28-year high of $2.2 billion as imports tumbled in the year ended October 2020, Stats NZ said today. “This is the largest annual surplus since the July 1992 year, driven mainly by much lower ... More>>

ComCom: How Real Is That Bargain?

The Commerce Commission urges retailers and consumers to think hard about the bargains being offered as ‘Black Friday’ and Christmas draw near. Black Friday has now overtaken Boxing Day in terms of retail spending, according to data from electronic ... More>>

Stats NZ: Births And Deaths: Year Ended September 2020

Births and deaths releases provide statistics on the number of births and deaths registered in New Zealand, and selected fertility and mortality rates. Key facts For the year ended September 2020: 57,753 live births and 32,670 deaths ... More>>


Forest & Bird: Kākāpō Wins Bird Of The Year 2020

The nation has voted and Aotearoa New Zealand has a new Bird of the Year. New Zealand’s moss-colored flightless parrot has climbed to the top-spot for the second time in Forest & Bird’s annual Te Manu Rongonui o Te Tau/Bird of the Year competition. ... More>>