SWGL Fan Shop 2022

U.S. signs Framework Agreement with New Zealand to boost space sector

A Rocket Lab Electron launch vehicle carrying three NASA ELaNa CubeSats clears its launchpad in New Zealand. Photograph courtesy of Rocket Lab.

Edinburgh, 16 August 2022. – The United States and the New Zealand governments signed a Framework Agreement to provide new opportunities for the New Zealand space sector and closer collaborations with NASA, said Economic and Regional Development Minister, Stuart Nash.

Prime Minister Jacinda Ardern, and Vice President Kamala Harris, welcomed the completion of negotiations on the agreement earlier in May. The cooperation between the countries will boost space science, technology and cooperation, as well as build connections between the civil and research communities.

The cooperation includes the exchange of data and personnel, education and public outreach, and will enable government regulatory cooperation to conduct launches from New Zealand as well.

Currently, the New Zealand space sector is worth over $1.7 billion, including a $247 million space manufacturing industry. It is believed that the Framework Agreement will not only increase New Zealand’s visibility as a space partner within the U.S., but also boost the county’s economy.

Check Also

#SpaceWatchGL Opinion: What is the real annual generated revenue of the space industry? PART 1

Being part of a growing economy is where you want to be these days. And Space promises to be among one of the fastest growing sectors, with huge spillover potential into other industries. Currently, the space economy has been estimated to be at around 386 billion USD in revenue, and expectations predict it to be at 1 trillion USD by 2040. The outlook is attractive and moving within the space sector one could have the impression of booming space businesses. But are those numbers legitimate?