Source:Â BusinessNZ
The UKâs addition to the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) would reduce barriers and give exporters a much-needed boost in the wake of Covid-19, BusinessNZ Network Chief Executive Kirk Hope says.
âI expect to see significant gains in both economies if the UK is able to join. While there is still a lot to work through, the news will be welcomed by exporters in the face of significant economic uncertainty. It will achieve greater cross-border investment, improving productivity and innovation and potentially creating new jobs.
âThe UK is a major export market for New Zealand. It is our fifth-largest trading partner, fourth biggest agri-food export destination and fifth-biggest source of investment.â