The New Zealand Government has extended a trade guarantee for businesses exporting to the United States.
The Export Credit Office's United States surety bond programme has been increased from $NZ75 million to $NZ100 million to underwrite exports to the US.
The programme allows exporters to more easily enter into contracts with American authorities.
Finance Minister Bill English says without the programme, a company like the Auckland baggage handling systems operator Glidepath would not have been able to tender and win multi-million dollar contracts.
The Government would have to pay only if an exporter defaults on a contract.
