Free Trade Agreement: New Zealand

Our small and medium-sized businesses, and indeed our micro, small and medium-sized businesses—known as MSMEs if said quickly—make up 95% of the backbone of our businesses. At the G20 trade talks last week, we discussed that area in some detail, because all nations across the G20 know that a business might be a microbusiness this year, but in 10 years’ time it could be a major business in any of those economies. As we build these trade deals, we want to ensure that things such as reductions in tariffs and the opening up of digital trade, mean opportunities for our small businesses today, so that they have the opportunity to become great trading businesses of the future.