31 May 2026
4 months ago
913 views
Trade and Investment Minister Todd McClay is visiting the UK to co-chair the NZ-UK FTA Trade Committee meeting and Paris to vice-chair the OECD Ministerial Council Meeting, marking the third anniversary of the NZ-UK Free Trade Agreement, which has boosted two-way trade to a record $7.4 billion in 2025. New Zealand exports to the UK have surged by 75% over three years, driven by strong demand for premium products, with significant growth in meat and business services exports. During his visits, McClay will engage with international counterparts to discuss trade progress, cross-border investment, and strengthen relationships that support New Zealand jobs and economic opportunities.
30 May 2026
4 months ago
1118 views
Budget 2026 invests in Auckland’s health, housing, transport, and education to support its role as New Zealand’s economic engine. Key initiatives include funding for a South Auckland Hospital, a $400 million housing growth fund, over $1 billion for KiwiRail improvements, and $1.6 billion for schools. These investments aim to create a thriving, resilient city that drives national growth and fiscal responsibility.
28 May 2026
5 months ago
1404 views
Budget 2026 allocates an additional $69.2 million to the Flexible Fund to deliver 1800-2250 new social homes from 2028/29, building on previous investments that have already reduced the social housing waitlist. The Flexible Fund replaces fragmented housing funding with a targeted, needs-based approach that supports diverse providers and local solutions tailored to varying regional demands. This funding ensures a four-year pipeline of social housing projects, providing community housing providers with long-term certainty to plan and build more warm, dry, and secure homes for New Zealanders in need.
28 May 2026
5 months ago
1126 views
Budget 2026 introduces targeted tax changes to support economic growth, including improvements to the Research and Development Tax Incentive for quicker payments and tighter software expenditure caps, as well as adjustments to Foreign Investment Fund rules to simplify offshore investing. It also simplifies fringe benefit tax compliance, strengthens tax system integrity by taxing outstanding shareholder loans after company liquidation, and updates thin capitalisation rules for foreign-owned banks. Additionally, the Government is investing $15 million annually in Inland Revenue compliance efforts to enhance tax collection, contributing to funding public services.
28 May 2026
5 months ago
932 views
The New Zealand Government has committed $1.075 billion for KiwiRail’s network investments from 2027-2030 and $106.9 million to continue critical renewals on Auckland and Wellington metropolitan rail networks, aiming to improve reliability and address historic under-investment. This funding supports a fully funded three-year Rail Network Investment Programme, emphasizing maintenance, renewals, and efficient operations to enhance rail freight performance and passenger services. Additionally, fiscal responsibility guides the government’s approach to maintaining transport assets, ensuring value for money and sustainable, reliable rail infrastructure for New Zealanders.
28 May 2026
5 months ago
948 views
New Zealand is investing $153.6 million through Budget 2026 to significantly enhance cyber security across its health system, including 24/7 monitoring, specialist expertise, and critical IT upgrades, alongside an additional $300 million for digital modernization over three years. This initiative aims to protect sensitive patient data, improve resilience against cyber threats, and prevent service disruptions like those seen in recent incidents such as the Manage My Health breach. Health New Zealand will also implement stricter oversight of third-party vendors, annual audits, and AI-enabled tools to strengthen accountability and cyber security maturity, ensuring safer and more reliable healthcare services.
27 May 2026
5 months ago
868 views
Sri Lankan Foreign Minister Vijitha Herath visited New Zealand for the first time since 2014, marking a milestone with the opening of the Sri Lankan High Commission in Wellington and strengthening bilateral ties. During the visit, both countries discussed enhancing cooperation in trade, education, sport, and announced plans to negotiate a bilateral Trade and Investment Framework Arrangement (TIFA) to boost economic engagement. New Zealand officials emphasized that the TIFA will unlock new opportunities for exporters, support trade diversification, and contribute to New Zealand’s goal of doubling export value within ten years.
20 May 2026
5 months ago
1014 views
Minister for Trade and Investment Todd McClay will visit China for bilateral trade talks, industry promotion, and the APEC Trade Ministers meeting, emphasizing the importance of China as a key trading partner under New Zealand's Free Trade Agreement. He aims to strengthen connections with major regional economies and address critical fuel supply chain disruptions to ensure smooth trade flows. APEC's 21 economies collectively account for over 70% of New Zealand's exports, 60% of global GDP, and 37% of the world’s population.
14 May 2026
5 months ago
917 views
The Government’s Social Investment Fund is introducing Community-led Commissioning to empower local leaders and organizations with proven track records to decide how social services funding is spent, focusing on measurable outcomes. This approach aims to replace fragmented, Wellington-centric contracts with flexible, community-designed solutions that improve key social indicators such as employment, education, health, and crime reduction. Following an expression of interest and design phase, selected groups will collaborate with the Social Investment Agency to establish shared objectives and accountability, with $190 million allocated in Budget 2025 to support these reforms.
07 May 2026
5 months ago
1083 views
Trade and Investment Minister Todd McClay has welcomed Ambassador Clare Kelly's appointment as Chair of the WTO General Council, marking only the second time a New Zealander has held this top position. Ms. Kelly, with extensive trade and foreign policy experience, will focus on advancing WTO reforms and extending the ban on tariffs for digital trade following disappointing outcomes at the 14th Ministerial Conference. She has served as New Zealand’s Ambassador to the WTO since 2022 and will hold the chair position for one year, succeeding Ambassador Saqer Abdullah Almoqbel.
23 Apr 2026
6 months ago
1230 views
The New Zealand Government has welcomed Chanel’s investment in Lammermoor Station, a premium organic fine wool producer, highlighting it as a boost to the country’s export growth and job retention. Recent reforms have significantly streamlined overseas investment application processes, reducing approval times and increasing investor confidence. Chanel aims to enhance Lammermoor’s status by pursuing Regenerative Organic Certification, which would further elevate the value and reputation of New Zealand’s sustainable wool industry.
22 Apr 2026
6 months ago
1028 views
The New Zealand Government is reforming its Investment Management System to improve infrastructure project selection by consolidating assurance processes, shifting project assurance responsibility from Treasury to the independent NZ Infrastructure Commission, and enhancing ministerial oversight. These changes aim to provide Ministers with clearer, expert, and actionable advice to make informed "go/no go" decisions, ensuring projects meet public needs, represent value for money, and are deliverable. The reforms also introduce standardized assessments, strengthen asset management assurance, and seek to reduce project delays and inefficiencies, ultimately delivering better infrastructure outcomes for New Zealanders.
01 Apr 2026
6 months ago
1117 views
The New Zealand Government is redirecting science funding towards areas with the greatest national impact, emphasizing advanced technology to boost productivity and international competitiveness. The Prime Minister’s Science, Innovation and Technology Advisory Council identifies four priority areas: primary industries and bioeconomy, technology for prosperity, environmental sustainability, and healthy people. By reallocating $122 million annually over three years, the Government aims to build a future-ready science workforce and strengthen the country’s research system through a carefully managed funding reset.
19 Mar 2026
7 months ago
1157 views
The Mental Health and Addiction Innovation Fund in New Zealand has entered its third round with changes to increase access, including revising the requirement for an independent Social Return on Investment (SROI) report to a more flexible proposal-based approach. These adjustments respond to sector feedback by lowering barriers such as matched-funding thresholds and allowing community organizations to better demonstrate outcomes while maintaining robust evaluation. With $20 million allocated over two years, the Fund aims to support grassroots initiatives that improve timely access to mental health and addiction services, protect public specialist services, and deliver scalable, evidence-based solutions.
17 Mar 2026
7 months ago
1287 views
Trade and Investment Minister Todd McClay highlighted the impact of the Middle East conflict on global supply chains during the Future of Investment and Trade (FIT) Partnership meeting, emphasizing the risks of disruptions such as fuel supply challenges. He stressed the importance of keeping trade lines open and urged FIT members to collaborate on maintaining resilient supply chains through real-time information sharing and coordinated responses. The FIT Partnership, comprising 16 small and medium trade-dependent countries, aims to strengthen global trade cooperation and will hold its next ministerial meeting in Auckland in July 2026.