As likeminded partners, Korea and New Zealand are working together to ensure that KNZFTA continues to benefit both the Korean and New Zealand people and remains fit-for-purpose in light of the evolving international economic landscape.
In the Comprehensive Strategic Partnership agreed by the leaders of New Zealand and Korea in October 2025, both nations agreed “to continue constructive discussions to explore the possibility of upgrading the Agreement, with a view to ensuring mutual benefits, including at the next KNZFTA Joint Commission meeting.”
A potential upgrade of KNZFTA would maintain the positive growth in our bilateral trade relationship and ensure KNZFTA is better placed to respond to current economic and trade-related environment issues and to further enhance people-to-people connections.