Economy News

Chamber calls for mandatory vaccinations

Auckland Chamber of Commerce chief executive, Michael Barnett says the Government needs to make vaccinations against Covid-19 mandatory for workers. A recent survey indicated that 90 percent of the Chamber’s members endorsed mandatory workplace vaccination. “We have had government make it clear that 90 per cent vaccination is the target for New Zealand,” says Barnett. […]

New Zealand raises interest rates for first time in seven years

The Reserve Bank of New Zealand (RBNZ) increased its cash rate by a quarter of a percentage point to 0.5%. New Zealand is one of the first developed economies to reverse rate cuts put in place during the pandemic. The RBNZ also said it plans to remove more stimulus measures as the economy continues to […]

New Zealand Welcomes The Republic Of Korea’s Formal Request To Join The Digital Economy Partnership Agreement (DEPA)

New Zealand, Chile, and Singapore today welcomed the Republic of Korea’s formal accession request to commence negotiations to join the Digital Economy Partnership Agreement (DEPA) at an event in Paris. Trade and Export Growth Minister Damien O’Connor is in Europe to advance New Zealand’s negotiations for a free trade agreement with the European Union. He […]

New Zealand Welcomes Mexico As A New Partner On Inclusive Trade Initiatives

New Zealand, Chile and Canada welcomed Mexico as the newest member of the Inclusive Trade Action Group (ITAG) and signatory of the Global Trade and Gender Arrangement (GTAGA) at an event today in Paris. Trade and Export Growth Minister Damien O’Connor is in Europe to advance New Zealand’s negotiations for a free trade agreement with […]

New Egyptian halal accreditation could affect NZ export market

Dairy and meat exporters to Egypt will have to gain halal accreditation from just one new company approved by its government, which critics worry will have a “chilling” effect on future trade. ‘IS EG Halal’ was established by the Egyptian Government as the state entity responsible for halal certification of all animal products imported and […]

Business confidence improves despite extended Covid restrictions

Businesses are feeling less pessimistic despite the Auckland Covid-19 outbreak dragging on. The ANZ New Zealand Business Outlook for September shows a net 7.2 percent are pessimistic, an improvement on the 14.2 percent who were pessimistic in August. But ANZ chief economist Sharon Zollner said the own activity outlook was remarkably robust with a net […]

Flexible working conditions key for NZ tech firms to keep staff

Flexible working conditions are being seen as an important tool to prevent New Zealand tech companies from losing staff to big overseas firms. Christchurch-based Jade Software, which is looking for 25 New Zealand based staff, said it had recently lost people to Australia. With the company now in growth mode in what is a tight […]

Human rights should be separate from trade deal

The Meat Industry Association says concerns about human rights should be kept away from trade, as it welcomes China’s bid to join the Trans-Pacific Partnership. Signatories to the trade deal, such as Australia, have previously voiced strong concern about China’s human rights record But a leading export body in New Zealand, the Meat Industry Association, […]

Spat Hatchery Business for the Eastern Bay Of Plenty

Press Release: Te Whanau-a-Apanui Te Whānau-ā-Apanui and Aotearoa Mussel Limited have joined forces to build a land-based mussel spat hatchery in the Eastern Bay of Plenty, to enhance New Zealand’s growing aquaculture industry. Te Whānau-ā-Apanui will invest $1.2million in a research and development programme with support from Callaghan Innovation. The programme is scheduled to commence […]

New Zealand wine a winner at the Mundus Vini Spring Tasting.

New Zealand achieved well at this year’s Mundus Vini, one of the most prestigious wine competitions in the world. The annual event will usually receive 12,000 wine submissions, with up to 3,000 medals being presented. New Zealand’s wine sector came in fourth in the medals table after Australia, Chile and South Africa, securing 21 Gold […]