A pioneering trade agreement that prioritises New Zealand’s sustainable exports was signed by Trade and Agriculture Minister Todd McClay at APEC in Peru.

“Growing New Zealand’s trade relationships is part of our plan to grow the economy, lift incomes for Kiwis, and create jobs,” Mr McClay says.

This agreement also introduces the first international guidelines on eco-labelling, ensuring they do not become Non-Tariff Barriers (NTBs). It supports New Zealand’s renewable energy sector by establishing rules to prevent fossil fuel subsidies.
 
“The Agreement on Trade and Sustainability (ACCTS), between Costa Rica, Iceland, and Switzerland was concluded in July of this year and opens up significant economic opportunities for New Zealand businesses by eliminating tariffs on key sustainable goods and services,” Mr McClay says. 

The new preferential access enhances New Zealand’s competitive standing in global markets and supports Kiwi exporters' success overseas.
 
“This agreement removes tariffs on key exports, including 45 wood and wool products — two sectors vital to achieving our goal of doubling New Zealand’s exports by value in ten years.
    
It will lower consumer costs by eliminating tariffs on insulation materials, recycled paper, LED lamps, and rechargeable batteries.
 
“ACCTS is about opening new markets, growing domestic jobs, and adding economic value. As more countries join, the economic benefits will only grow.”