NZ-Thailand shake hands on new trade deal

  • 26/07/2017
Thailand is New Zealand's eighth largest market.
Thailand is New Zealand's eighth largest market. Photo credit: Getty

New Zealand and Thailand have agreed to improved market access for exporters and announced a new agricultural cooperation programme, Trade Minister Todd McClay says.

The two countries signed an agreement in Bangkok increasing the volume of New Zealand dairy products that can enter Thailand under a preferential tariff rate.

Mr McClay says this will mean a preference increase of between 10 and 20 percent for some products.

"We also agreed to launch a new programme that will help Thailand to improve its domestic dairy production and processing," he said.

"This is a positive step forward for our bilateral trade relationship."

Thailand is New Zealand's eighth largest market, with total trade in goods between the countries increasing almost 150 per cent since the Closer Economic Partnership was signed in 2005.

Meanwhile, Thai Airways has confirmed it will launch daily flights between Bangkok and Auckland later this year.

NZN