The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) gives New Zealand exporters preferential access for the first time to the world's third-largest economy, Japan, as well as Mexico, Canada and Peru, allowing New Zealand exporters to be more competitive in those markets.
Overall, the Agreement has the potential to deliver an estimated NZ$222 million of tariff savings annually once fully in force, with around NZ$104 million of those in the first 12 months. |