Commonwealth already accounts for 30% of country’s total exports
Minister for Trade and Export Growth David Parker is in London for a series of meetings to advance New Zealand’s trade interests.
David Parker will be attending the Commonwealth Trade Ministers’ Meeting tomorrow, involving counterparts from the 53 members of the Commonwealth.
“New Zealand is a strong advocate for enhancing cooperation amongst the Commonwealth membership on trade, evidenced by the appointment of our Special Commonwealth Trade Envoy,” David Parker said.
In 2018, Commonwealth GDP was estimated at US$23.7 trillion or 17.6% of global GDP, with New Zealand’s exports to Commonwealth members valued at $16.8 billion, which is 30 per cent of New Zealand’s total exports.
Ministers will discuss the Commonwealth Connectivity Agenda, focusing on digital trade, regulatory reform and engagement with the private sector, as well as the importance of inclusive and sustainable trade, which aligns with New Zealand’s own priorities for trade policy under the Trade for All agenda.
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