During the recent negotiations, officials resolved the outstanding issues and have agreed to meet in Chile to sign the agreement on 8 March.
Sam McIvor, chief executive of B+LNZ, said the conclusion of the agreement represents good news for sheep and beef farmers and all New Zealanders.
“The sector understands there have been no changes to the original market access conditions which will open multiple markets in Japan, Mexico, Peru and Canada where New Zealand red meat faces tariffs of up to 50 per cent.
“It will also benefit communities in New Zealand as exports from the sector support 80,000 jobs and families across New Zealand."
Tim Ritchie, chief executive of the Meat Industry Association, said:
“The CPTPP will put New Zealand on a level playing field with other major red meat exporters to the Asia Pacific region, such as Australia and the European Union – especially in Japan where the sector has already lost significant market share.
“B+LNZ and MIA thank Prime Minister Jacinda Ardern, Trade Minister David Parker, and the numerous officials who have worked hard to conclude the negotiations.”