Comvita chief executive officer Brett Hewlett said the joint venture combined the abundance of natural resources in the South Taupo region provided by ETLT with Comvita's marketing capabilities and 40 years of international branding experience.
"This is a real milestone event for the evolving relationships between Comvita and Iwi landowners.
"Together we can grow, sustainably, and together we share in the value created."
ETLT chairman Jim Maniapoto said it was not so long ago that manuka trees on Maori land blocks were being cut down for firewood.
"Today we recognise the value of manuka and the initiatives offered by Comvita."
He said the partnership and the development of Kaimanawa Honey GP would realise education and income opportunities for New Zealanders.