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Two-way trade with CPTPP countries nears $50 billion

March 04, 2019

The CPTPP is a free trade agreement between New Zealand and 10 other countries in the Pacific region. Canada, Australia, Mexico, Japan, Singapore, Viet Nam, and New Zealand have ratified the trade agreement, with four countries (Brunei Darussalam, Chile, Malaysia, and Peru) yet to do so. Goods and services exported to CPTPP countries totalled $24.4 billion, and imports totalled $25.2 billion. New Zealand is close to a trade balance with the CPTPP countries as a group.