Malaysia and New Zealand are conducting a scoping exercise to enhance the Malaysia-New Zealand Free Trade Agreement (MNZFTA), focusing on areas like digital trade and halal recognition. Tengku Zafrul met New Zealand Trade Minister Todd McClay in Peru to discuss boosting bilateral ties. New Zealand, Malaysia’s second-largest trading partner in Australasia, saw trade worth US$2.54 billion in 2023. Both nations aim for a 50% trade increase by 2030, targeting high-value manufacturing and the digital economy.M’SIA, NZ ‘SCOPING’ FTA BOOSTS
Malaysia and New Zealand are conducting a scoping exercise to enhance the Malaysia-New Zealand Free Trade Agreement (MNZFTA), focusing on areas like digital trade and halal recognition. Tengku Zafrul met New Zealand Trade Minister Todd McClay in Peru to discuss boosting bilateral ties. New Zealand, Malaysia’s second-largest trading partner in Australasia, saw trade worth US$2.54 billion in 2023. Both nations aim for a 50% trade increase by 2030, targeting high-value manufacturing and the digital economy.
