Trade Minister Todd McClay says a trade agreement with Mexico, Chile, Colombia and Peru could be worth 10,000 jobs to provincial New Zealand and will give Kiwis unprecedented access to fast-growing Latin American markets.
This comes as Mr McClay calls for public submissions on FTA negotiations with the Pacific Alliance countries.
“Mexico, Chile, Colombia and Peru combined have 221 million consumers and a GDP of US$3.85 trillion, which is equivalent to the world’s sixth largest economy,” Mr McClay says.
“This is an important market for us now, and we want the public and the business community to consider how they might take advantage of the increased opportunities for both trade and investment that will result from an FTA.”
Mr McClay says increasing trade and business links with the Pacific Alliance will also advance the prospect of New Zealand serving as a trading bridge between South America and Southeast Asia.
“The Government will be pushing hard for a high-quality agreement. It’s important we hear from New Zealanders about what they would like to see prioritised and progressed during negotiations, Mr McClay says”
Mr McClay says negotiations with the Pacific Alliance will begin in the coming months and are expected to progress swiftly. Public submissions are due by October 16.
For more information on how to make a submission, visit: https://mfat.govt.nz/en/trade/free-trade-agreements/agreements-under-negotiation/pacificalliance