Global Trade Alert
Global Trade Alert

New Zealand: Government approved a $216 million package as part of its COVID Response and Recovery Fund (CRRF)

Announcement

14 May 2020

On May 14th, 2020, the New Zealand government announced its 2020 Budget which includes a $216 million package to be distributed over 4 years as part of the government's COVID Response and Recovery Fund (CRRF). 

 

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Number of interventions

3

3 certainly harmful

0 likely harmful

0 liberalising

List of interventions

Implementation date

14 May 2020

Revocation date:

No revocation date

Updated: 14 May 2020
Tax or social insurance relief In force
On May 14th, 2020, the New Zealand government released its budget for 2020, which includes a $80 million (USD 48 million) tax relief initiative for businesses in the R&D sector. The key part of t...
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Implementation date

14 May 2020

Revocation date:

13 May 2024

Updated: 14 May 2020
State loan
On May 14th, 2020, the New Zealand government released its budget for 2020, which includes a $150 million (USD 90 million) fund for companies in the R&D sector. The capital will be dispersed in th...
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Updated: 14 May 2020
Other export incentive
On May 14th, 2020, the New Zealand government confirmed the allocation of $120 million (circa USD 72.1 million) for the New Zealand Trade and Enterprise's (NZTE) to strengthen domestic exports. The re...
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