New Zealand signs new agricultural trade deal with Indonesia
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New Zealand and Indonesia have signed a new agricultural trade agreement, as part of the government's bid to double export values in 10 years.
The minister overseeing both agriculture and trade, Todd McClay, said the deal would create new commercial opportunities for farmers and agribusinesses in both countries.
He signed the new bilateral arrangement in Jakarta on Thursday, alongside Indonesian Minister of Agriculture Andi Amran Sulaiman.
"This new agreement will make it easier for our agricultural sectors to collaborate, share expertise and open doors for trade and investment," McClay said.
"It provides a framework for stronger cooperation in areas like livestock development, smart agriculture, biosecurity, agricultural research, and streamlined trade processes."
The arrangement would also see a dedicated 'Consultative Forum' established to coordinate both countries' regulations and reduce red tape for exporters. The forum would hold its first meeting within a year.
"This is about building long-term commercial partnerships. It will help more New Zealand businesses connect directly with Indonesian partners, support our farmers to get their high-quality products into market, and encourage ... investment in agriculture from both sides," McClay said.
"Agreements like this one help to grow the value of our exports, lift returns to the farmgate, and unlock future growth for the entire economy."
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