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Trade and Investment Minister Todd McClay has today set the scope of the country’s investment agency, Invest New Zealand, announcing strategic growth areas and launching three investment prospectuses. “New Zealand has underachieved in attracting foreign investment, and this dedicated agency is key to us achieving more. More capital means stronger business, more jobs and a growing economy,” Mr McClay says. New Zealand’s stock of Foreign Direct Investment (FDI) amounts to 37%

Applications are now open for the Business Investor Visa, a new immigration pathway designed to attract experienced businesspeople who want to invest in and grow established businesses in New Zealand. The Business Investor Visa offers that applicants invest $1 million in an existing business for a three-year work-to-residence pathway, or $2 million for a 12-month fast-track. “We want to help keep businesses going where New Zealand business owners look to retire,” Immigration

Minister for Trade and Investment; and Agriculture, Todd McClay, has cautiously welcomed the United States announcement this week removing the additional reciprocal tariffs on a range of New Zealand agricultural products, including beef, offal, and kiwifruit. These products represent around 25% of our exports to the United States, worth approximately NZ$2.21 billion annually.“The US remains an important trade partner for New Zealand and the decision to lift these tariffs is a

Up to $450 million of new deals and partnerships were concluded this week at the China International Import Expo (CIIE), Trade and Investment Minister Todd McClay has announced. More than 20 Memorandums of Understanding and supply agreements between New Zealand and Chinese companies were signed during Mr McClay’s visit to CIIE. More than 80 New Zealand companies participated from a diverse array of sectors. “The new ‘Grass-Fed’ standard is one example of this government suppo

In the September 2025 quarter: the unemployment rate was 5.3% the employment rate was 66.6% annual wage inflation was 2.1% average ordinary time hourly earnings were $43.60. “The unemployment rate has been over 5% for the last four quarters. The last time that the unemployment rate was 5.3% was in the December 2016 quarter,” labour market spokesperson Jason Attewell says. There were 160,000 unemployed people in the September 2025 quarter, as measured by the Household Labour F

European Union Trade Commissioner Maroš Šefčovič and Trade and Investment Minister Todd McClay have adopted a joint declaration to focus on reducing costs and boosting bilateral trade, during the inaugural NZ-EU Trade Committee meeting hosted by New Zealand in Queenstown. Commissioner Šefčovič has completed his first visit to New Zealand to join Minister McClay at a NZ-EU Business Summit attended by 500 New Zealand and European businesses. “The EU is one of New Zealand’s mo

The Wellington Chamber of Commerce congratulates Mayor Andrew Little and all newly elected members of the Wellington City Council, following the official swearing in of the new Council today.

Aotearoa New Zealand’s consumers price index (CPI) increased 3.0 percent in the 12 months to the September 2025 quarter, according to figures released by Stats NZ today. The 3.0 percent increase follows a 2.7 percent increase in the 12 months to the June 2025 quarter. The Reserve Bank of New Zealand’s target band for the annual inflation rate is 1 to 3 percent. “The 3.0 percent annual inflation rate in the September 2025 quarter is the highest since the June 2024 quarter when

The contributions of some of Wellington’s most prominent businesspeople were celebrated last night at the 2025 Wellington Address, hosted at Pipitea Marae. For the third-year running, the event recognised the mahi and relentless energy of three individuals and one business who have made outstanding contributions to our city. They are people who inspire others and help Wellington’s business community prosper and thrive. This year saw the beginning of a new era for The Wellingt

The government welcomes new data showing a healthy growth in international visitor numbers and improved confidence across the tourism industry. “International tourism, as New Zealand’s second highest export earner, is a key part of our economic recovery,” Tourism and Hospitality Minister Louise Upston says. “So, it is great to see that international visitor arrivals in August were up 7.5% from the same time last year. With summer around the corner, we are making steady progr

Business Central and the Wellington Chamber of Commerce are pleased to announce the appointment of Hayley Horan as its Chief Executive Officer, effective 10 November. As CEO, Ms Horan will lead the organisation’s strategic direction, member engagement, and policy influence. Ms Horan is a seasoned executive with a demonstrated history of bringing together business, government, and education to build more connected and resilient regional economies. Ms Horan has extensive networ

New Zealand businesses will have a better shot at winning government contracts as a result of changes to government procurement rules, Economic Growth Minister Nicola Willis says. “The new rules agreed to by Cabinet will take effect on 1 December. “More than 900 submissions were received during consultation on the new rules earlier this year,” Ms Willis says. “Businesses shared that the lack of weighting for New Zealand’s interests in the evaluation criteria was holding them

The Wellington Chamber of Commerce’s quarterly Business Confidence Survey highlights the need for Council to prioritize pro-business reform, Acting Chief Executive, Amanda Wood says. “Nearly 60% of businesses surveyed were very unsatisfied with the Council’s performance in supporting the business community and local economy, with 35% being very unsatisfied with their interactions with Council.” Businesses were asked if they felt supporting and growing business in Wellington i

The economy contracted in the June 2025 quarter, while unemployment continued to rise. New Zealand’s gross domestic product (GDP) fell 0.9 percent in the June 2025 quarter, following a 0.9 percent increase in the March 2025 quarter. Manufacturing, down 3.5 percent, was the main contributor to the quarterly fall in GDP. Construction, down 1.8 percent, also contributed. GDP fell 1.1 percent over the year ended June 2025 compared with the year ended June 2024. GDP per capita fe

Cabinet has agreed to policy proposals for new employment leave legislation: a simpler and more workable replacement for the Holidays Act 2003. Progressing reforms to the Holidays Act to simplify the law, give businesses certainty and reduce compliance costs is an action under the government's Going for Growth plan. New Zealand’s current leave system is complex and confusing. Employers struggle to understand and apply the Holidays Act correctly, and workers struggle to unders

Business Central welcomes the Government’s decision to replace the Holidays Act with a new Employment Leave Act next year. Business Central Acting Chief Executive Amanda Wood says it’s a long-awaited move that will bring much-needed clarity and simplicity to leave entitlements, and it is positive that the planned new legislation will contain the policy recommendations of Business Central members. "The shift to an hours-based approach for calculating leave is particularly welc

Economic data released reflects the impact of global uncertainty on consumers and businesses, Finance Minister Nicola Willis says. Stats NZ figures released show real Gross Domestic Product fell 0.9 per cent in the second quarter of the year after a 0.9 per cent increase in the first three months of the year. “The second quarter of the year started the day before United States tariffs were announced,” Nicola Willis says. “The economy had been growing strongly in the previous

The Wellington Chamber of Commerce has welcomed the Government’s announcement of updates to the Commerce Act, released as part of its Going for Growth agenda. Acting Chief Executive Amanda Wood says the changes provide a helpful step toward greater clarity and certainty for businesses. "Clearer rules and oversight give local businesses more confidence to plan for growth while maintaining integrity and public trust. "Certainty in how businesses can work together is important f

Total actual filled jobs in the June 2025 quarter were 2.26 million. In the June 2025 quarter (compared with the March 2025 quarter): total seasonally adjusted filled jobs were down 0.5% (10,560 jobs). For the year ended June 2025 (compared with the year ended June 2024): total gross earnings were up 1.5% ($2.6 billion). An annual comparison is used for earnings to account for payroll timing differences between quarters. At an industry level, the largest changes in season

Social Development and Employment Minister Louise Upston says a continuation of a series of regional employment events reinforces a cross-sector commitment to get Kiwis into jobs, boost employment and grow the economy. Minister Upston and officials met with representatives of around 36 employers and other stakeholders in Hamilton, reinforcing job opportunities across the Waikato region. “It was great to attend this event, acknowledge the commitment of MSD and recognise the