In 2014, the Tripartite Economic Alliance (the Alliance) between Auckland, Guangzhou (GZ, China) and the City of Los Angeles (LA, U.S.) was signed for a period of three years.
The Alliance is based on existing strong sister-city relationships. It focuses on increasing trade and investment between the three cities and their surrounding areas, and strengthening political and civic engagement.
The first trilateral economic agreement between global cities
The Alliance set a new benchmark for city engagement and collaboration. Between 2015-2019, there were annual Tripartite summits and related activities intended to meet the shared tri-city objectives of increasing trade and economic engagement.
The Alliance created a 'platform' and opened doors to meaningful and substantive economic, trade and investment opportunities for Auckland-based businesses, entrepreneurs, and investors.
Progress since signing the tripartite agreement
The Tripartite has been a successful collaboration, strengthening Auckland's connections and visibility with two significant partners and gaining national and international recognition.
Tātaki Auckland Unlimited (formerly Auckland Tourism Events and Economic Development, ATEED) estimates that opportunities from the Tripartite summits and related events have generated a number of potential deals for local companies. Given the time required for business deals to conclude, the commercial results will continue to be tracked.