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flag New Zealand and Australia are deepening economic ties to boost trade and growth.

flag New Zealand and Australia are advancing plans for a more ambitious Single Economic Market, aiming to deepen economic integration, reduce trade barriers, and boost business growth. flag The annual Closer Economic Relations meeting in Adelaide, led by Trade Ministers Todd McClay and Don Farrell, focuses on regulatory cooperation, mutual recognition, and addressing non-tariff barriers like timber export restrictions. flag The nations are also coordinating on global trade initiatives including the WTO and CPTPP, ahead of Australia’s November CPTPP meeting, and expanding collaboration into ASEAN. flag The partnership supports $29 billion in two-way trade.

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