Trade and Investment Minister, Todd McClay, joined Future of Investment and Trade (FIT) Partnership members in Singapore today to launch a new initiative to bolster supply chain resilience.
The Minister said the inaugural Ministerial Meeting of the FIT Partnership marks a significant milestone in the collective commitment to open, fair and rules-based trade, and to growing trade and investment.
“Our Ministerial Declaration on Supply Chain Resilience is a concrete step toward building more secure, diverse and predictable supply chains,” Mr McClay says.
“For New Zealand exporters, it helps contribute to greater certainty and reduced costs. For our economy, it means higher confidence in the face of global disruptions.”
The FIT Partnership was established in September and is a strategic platform for small and medium-sized economies to work together to shape the future of global trade and investment.
Partners also welcomed new members Malaysia and Paraguay.
“I’m looking forward to further strengthening New Zealand’s trade relationships with these new FIT Partners,” Mr McClay says.
The Future of Investment and Trade (FIT) Partnership brings together Brunei, Chile, Costa Rica, Iceland, Liechtenstein, Morocco, New Zealand, Norway, Panama, Rwanda, Singapore, Switzerland, the United Arab Emirates, Uruguay, Malaysia and Paraguay.
