The Government has launched Invest New Zealand, a new initiative aimed at making New Zealand a top destination for foreign direct investment (FDI). This agency will focus on attracting capital to critical infrastructure, fostering innovation, increasing R&D, and enhancing global connections. Incubated within New Zealand Trade and Enterprise (NZTE), it will transition into an autonomous agency to drive international investment and economic growth.
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The modernisation of New Zealand’s trade certification system, which underpins $33 billion in exports, is improving reliability and adaptability for exporters. The wine sector is the first to benefit from the new system, which will streamline processes and enhance compliance with international agreements like the EU-NZ Free Trade Agreement.
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The Government has taken a significant step in modernising New Zealand’s trade certification system, a move that supports $33 billion worth of exports annually. Food Safety Minister Andrew Hoggard emphasised the importance of reliable and adaptable systems in facilitating trade, particularly for globally admired Kiwi products like food and wine.
“Exporters have consistently highlighted the need for a system that is always available, user-friendly, and responsive to changing market requirements,” said Mr. Hoggard. The new Trade Certification System addresses these concerns by providing an integrated, digital process that consolidates six legacy systems.
The wine sector has successfully transitioned to the new system, allowing exporters to leverage benefits from the EU-NZ Free Trade Agreement. Future rollouts will cover other sectors, including plant and animal products, with full implementation expected next year.
This modern system not only reduces costs and administrative burdens but also ensures exporters can quickly adapt to emerging trends and regulatory changes. By future-proofing trade certification, the Government aims to strengthen New Zealand’s reputation as a reliable trading partner.