Trade Minister Todd McClay (centre). Photo: NZ HeraldNew Zealand has opened formal negotiations on a trade deal with Central American and South American countries. The Pacific Alliance is made up of Chile, Mexico, Colombia and Peru and a free trade agreement with this bock is currently worth $1.1 billion in two-way trade. The Labour Party said yesterday it would support a Pacific Alliance agreement, which means any deal is likely to survive if the Government changes in September. Mr Parker said Labour's main focus if in power would be to advance a trade deal with the EU.

Source: Otago Daily Times July 01, 2017 00:22 UTC