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Govt sets new free trade target

Author
NZ Newswire,
Publish Date
Fri, 24 Mar 2017, 7:21AM
Bill English will deliver a breakfast speech Auckland this morning with trade thought to be the centrepiece .(NZH).
Bill English will deliver a breakfast speech Auckland this morning with trade thought to be the centrepiece .(NZH).

Govt sets new free trade target

Author
NZ Newswire,
Publish Date
Fri, 24 Mar 2017, 7:21AM

The Prime Minister has set out the government's plans for trade having announced Trade Agenda 2030 in Auckland this morning.

It sets a target of having 90 per cent of New Zealand's goods exports covered by free trade agreements by 2030 - up from the current level of 53 percent.

Mr English said the May budget will include $91.3 million over four years to help achieve the target.

He said it's important we remain an open and outward-facing country focused on creating and embracing trade opportunities.

"It will see us seek to forge new trade agreements, maximise the benefits of existing ones, focus more on tackling non-tariff barriers, and work even more closely with our exporters to help them create and succeed in new markets."

Trade Agenda 2030 includes:
* The opening of a new embassy in Dublin, Ireland and a new High Commission in Colombo, Sri Lanka
* $35.3m to the Ministry of Primary Industries to focus on boosting the value of primary sector exports, including through targeting non-tariff barriers
* $20.3m to the Ministry of Foreign Affairs and Trade to enhance its trade work
* $6.7m to MFAT to strengthen international networks
* The establishment of a ministerial advisory group to ensure the public is better informed on trade issues
* The development of a single point of contact to allow exporters to alert the government to non-tariff barriers and to get better information and support.

 

 

 

 

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