McClay to chair formal UK, and OECD trade meetings
Issued by Hon Todd McClay
What happened
Trade and Investment Minister Todd McClay is heading to the United Kingdom to chair the NZ-UK FTA Trade Committee meeting and to Paris to vice-chair the annual OECD Ministerial Council Meeting in May 2026. Two-way trade with the UK reached a record $7.4 billion in 2025, with NZ goods exports up 75 per cent over three years and services exports up 28 per cent year-on-year.
What's at stake
- Who feels it
- NZ exporters (goods and services), particularly those in meat, premium products, and business services sectors; OECD member economies and cross-border investors
- Money in play
- $7.4 billion (NZ-UK two-way trade in 2025)
- Timing
- 31 May 2026 (Trade Committee meeting and OECD Ministerial Council Meeting)
- How it works
- New Zealand-United Kingdom Free Trade Agreement (third anniversary of entry into force); OECD Economic and Trade Ministerial Council
- Key context
- Track outcomes from third NZ-UK FTA Ministerial Meeting — specific commitments on bilateral trade facilitationMonitor NZ's leadership role at OECD Ministerial Council on international trade environment discussionsWatch for bilateral meeting outcomes with EU, Canada, China, Germany representatives on cross-border investmentReview FTA implementation progress assessment published post-review
- Wider effects
- OECD policy frameworks on trade and investment; broader multilateral trade environment discussions
Source on record
https://www.beehive.govt.nz/release/mcclay-chair-formal-uk-and-oecd-trade-meetingsTracked neutrally by LexNZ. Status reflects the primary source as of 5 June 2026. Not legal advice.
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