Economic Development Minister Steven Joyce and Trade Minister Tim Groser today welcomed the World Trade Organisation’s (WTO) decision on the terms for New Zealand’s accession to the WTO Government Procurement Agreement (GPA) in Geneva.
“A positive decision on the terms of New Zealand’s accession has been reached with GPA parties in Geneva overnight (NZ time), following two years of negotiations,” Mr Joyce says.
“Accession to the GPA will provide New Zealand companies with guaranteed access to bid for approximately US $1.7 trillion in annual overseas government contracts across 43 WTO member countries including the US, Canada, Korea, Japan and 28 countries of the EU.”
Mr Joyce says this will make it easier for kiwi businesses to sell their products and services overseas. When the GPA is in place, kiwi companies will be able to export and do business with the likes of the US Government from right here in New Zealand, creating local jobs and growing New Zealand for all.