New Zealand is accelerating efforts to diversify its trade portfolio, strengthening commercial links with Rwanda, Iceland, and Panama during high-level talks in Auckland.
The move comes as the country faces mounting pressure from the United States, which has threatened to impose 12.5% tariffs on imports.
Trade Minister Todd McLay expressed optimism about the new alliances, viewing them as a critical hedge against potential disruptions in the US market.
The gathering in Auckland brought together officials from these three distinct economies, marking a notable shift in New Zealand’s diplomatic and commercial focus.
By deepening ties with nations across Africa, Europe, and Latin America, Wellington aims to reduce its reliance on traditional markets and mitigate the impact of protectionist policies abroad.
The discussions centered on enhancing supply chain resilience and identifying new export opportunities for New Zealand goods.