New Zealand and Canada will set up an annual Trade and Investment Dialogue to grow trade and lift exports.
Canada represents a market of nearly 42 million people with a GDP of close to NZD 4.5 trillion.
Trade and Investment Minister Todd McClay said that more can be done to grow trade and investment, as New Zealand already collaborate with Canada as members of the CPTPP and the WTO.
“This Dialogue is about boosting trade between us. It’s also a regular place to sit down with Canada and work through challenging international and domestic trade issues,” he said.
Canada is a G7 economy and New Zealand’s tenth largest export market. Two-way trade between New Zealand and Canada totalled NZD 3.46 billion in the year ending June 2026.
New Zealand exports to Canada were NZD 2.18 billion, with key exports including meat, travel services, beverages, fruit and dairy.
Canadian exports to New Zealand were worth NZD 1.28 billion, including machinery, fertilisers, travel services, other business services and mineral substances.
The Dialogue will take place annually at senior officials’ level and lead to an annual meeting of trade ministers.
“Kiwi exporters are already doing well in Canada. This is about helping them do more, as we work towards doubling the value of our exports by 2034,” said McClay.
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