Promoting global trade and investment

Delivered

• Completed Ministerial trade missions to Brazil, China, Japan, Malaysia, the Philippines, Singapore, South Korea, Thailand and the United States to build connections and promote New Zealand as open for business

  PM marks one year in Government(external link) — beehive.govt.nz

• Resolved 14 non-tariff barriers affecting $190 million worth of trade in the year to June 2024, assisting New Zealand businesses selling to the world

  Government eliminates $190 million in trade barriers to boost the economy(external link) — beehive.govt.nz

• Loosened visitor visas to allow digital nomads and others to continue to work remotely for foreign employers, meaning they will stay longer and spend more in New Zealand

  Going for Growth: New rules for visiting tourists(external link) — beehive.govt.nz

• Agreed to amend the Overseas Investment Act to make investment into New Zealand faster and more efficient, enabling foreign capital to support our economy

  Overseas investment changes to get New Zealand off the bench(external link) — beehive.govt.nz

• Announced changes to investor visa settings to better facilitate direct foreign investment and encourage economic growth

  Going for Growth: Unlocking investment in NZ(external link) — beehive.govt.nz

• Consulted on policy proposals to address an issue with Foreign Investment Funds (FIF) that may be deterring people from settling in New Zealand and contributing to economic growth

  Tax work programme focused on rebuilding the economy(external link) — beehive.govt.nz

• Signed the Comprehensive Economic Partnership Agreement and investment treaty with the United Arab Emirates, to reduce duties on New Zealand exports and unlock opportunities for Kiwi businesses

  Trade and investment agreements signed with United Arab Emirates(external link) — beehive.govt.nz

• Concluded negotiations for a Free Trade Agreement with the Gulf Cooperation Council to unlock the region for New Zealand exporters

  New Zealand concludes high quality trade deal with the Gulf Cooperation Council (GCC)(external link) — beehive.govt.nz

• Launched a new Minerals Strategy and Critical Minerals List to support a productive and resilient economy

  A new direction for the minerals sector to grow the economy(external link) — beehive.govt.nz

Underway

• Delivery of further international trade missions to key markets to build New Zealand’s profile and support businesses on the international stage
  
  
• Resolving further non-tariff barriers that impede trade outcomes to give New Zealand exporters a fair go

  Government eliminates $190 million in trade barriers to boost the economy(external link) — beehive.govt.nz

• Developing a marketing plan to boost numbers of international visitors, supporting the tourism sector to grow
  
  
• Delivering a marketing plan to boost numbers of international students, supporting the sector to grow and increasing New Zealand’s international connectivity
  
  
• Passing legislation to remove barriers to overseas investment in ‘build to rent’ housing, enabling housing growth

  Build To Rent Bill passes first reading(external link) — beehive.govt.nz

• Reforming the Overseas Investment Act to energise and facilitate more Foreign Direct Investment

  Overseas investment changes to get New Zealand off the bench(external link) — beehive.govt.nz

• Establishing Invest New Zealand as a one-stop-shop to attract foreign direct investment

  Invest New Zealand opens doors to the world(external link) — beehive.govt.nz

• Hosting an Infrastructure Investment Summit to generate investment interest in infrastructure opportunities in New Zealand

  Going for growth: International investment summit to boost infrastructure and jobs(external link) — beehive.govt.nz

• Bringing new Free Trade Agreements into force and fully implementing them to maximise the benefits for New Zealand exporters
  
  
• Implementing the Minerals Strategy for New Zealand, ensuring the sector can grow and contribute positively to New Zealand’s economic prospects

  A new direction for the minerals sector to grow the economy(external link) — beehive.govt.nz

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