Labour has hailed a trade deal with the Gulf Cooperation Council (GCC) as a significant step forward for New Zealand's economic recovery.
The agreement, concluded after years of stalled negotiations, is seen as a key opportunity for further trade and cooperation between New Zealand and the Gulf States. Labour's trade spokesperson Damien O'Connor attributed the success to decisions made by his party while in government, which prioritized strengthening ties with key trading partners to aid the country's post-COVID-19 economic recovery. The deal is expected to have a positive impact on New Zealand's economy, providing access to new markets and opportunities for exporters.