Welcome to our Q3 2025 edition, covering key commercial developments in New Zealand.

Economic recovery remains on the horizon, but conditions are looking more favourable, with inflation at 2.7% and the official cash rate down to 3.25%, with further cuts expected later this year. Unemployment has risen to 5.2% but farmer confidence has hit a 10-year high, on the back of falling interest rates and high commodity prices. The New Zealand-United Arab Emirates Comprehensive Economic Partnership Agreement (CEPA) is now law. This is good news for exporters, giving them access to a $500 billion market that imports 90 per cent of its food, especially as tariffs on US exports will increase from 10% to 15% as of 7 August.

Click below to read the full update, and please get in touch with any of our contacts if you would like to discuss an issue or development in the update.