New partners join Trans-Pacific Partnership

Enhancing and growing New Zealand’s international trade links and opportunities is a key part of National’s plan to build a stronger economy.

This week we welcomed the announcement that Canada and Mexico will join New Zealand, Australia, Brunei Darussalam, Chile, Malaysia, Peru, Singapore, the United States and Viet Nam in negotiations to conclude a Trans-Pacific Partnership (TPP) agreement.

This development shows just how dynamic this negotiation process is. Our vision for the TPP has always been to create a high-quality and comprehensive trade agreement. Over time it will act as a platform for wider Asia-Pacific trade liberalisation and economic integration.

New Zealand’s total trade with Canada and Mexico is worth about $1.8 billion a year. TPP is a tremendous opportunity for us to boost productivity, stimulate innovation, and open markets for our exporters, creating more jobs and higher incomes for New Zealanders.

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