Doing Business in New Zealand
EENI - Business School.
Subject (Course): International Trade and Business in New Zealand. Syllabus:
- Introduction to New Zealand (Oceania).
- New Zealander economy
- Doing Business in Auckland
- New Zealand’s International Trade.
- Foreign Direct Investment (FDI) in New Zealand
- Business Opportunities in New Zealand
- Information Technology
- Case Study: Fonterra.
- Access to the New Zealander market
- Business Plan for New Zealand
Objectives of the subject “Doing Business in New Zealand”:
- To analyse the New Zealander economy and foreign trade
- To evaluate business opportunities in New Zealand
- To explore New Zealand's trade relations with the student's country
- To know New Zealand's Free Trade Agreements (FTAs)
- To examine the profile of New Zealander companies
- To develop a business plan for the New Zealander market
Sample of the subject - Doing Business in New Zealand:
Subject Description: Foreign Trade and Business in New
New Zealand (Asia-Pacific).
- New Zealand's capital: Wellington.
- Auckland is the largest city and the largest port.
- English, Maori, and New Zealand sign language are recognised as official languages.
- New Zealand has a diverse multicultural population of over 4.5
millions of people.
- Area: 268,680 square kilometres
- The main religion in New Zealand is Christianity
- New Zealand belongs to the Economic Area of Oceania of the Western Christian Civilisation
- New Zealand is a constitutional monarchy. The Queen Elizabeth II (UK) is the Head of State.
- New Zealand became independent from the UK in 1853
The economy of New Zealand.
- New Zealand has an efficient, market economy, a secure business environment, and excellent infrastructures.
- New Zealand ranks fourth in economic freedom (Heritage Foundation) and occupies the second position in ease of doing business (World Bank).
- The main economic sectors of New Zealand: manufacturing, services, and agricultural.
- Top fast growth sectors: creative and food and beverage (10% of the gross domestic product)
- Auckland: 30% of the total annual trade of New Zealand and represent 13% of the gross domestic product of NZ
- The currency is the New Zealand dollar (NZD)
International Trade of New Zealand.
- The main problem of New Zealand is the great distance that separates the country from the world's major markets, as the only nearby is Australia (about 1,600 kilometres).
- Food and beverage exports: 22 billion NZD (7.76 billion NZD in 1990), 50% of the total export products of New Zealand.
- Top trade partners of New Zealand: Australia, the United States, Japan, the People's Republic of China, and the United Kingdom.
- The fastest growing export markets of New
Zealand are the People's Republic of China (43 %), Singapore (28 %), the Arab Republic of Egypt (25 %), the United Arab Emirates (18 %), and India (16
- The European Union is a major source of foreign direct investment and is a significant trade partner. New Zealand imported 7.7 billion NZD value of products from the European Union economies and exported products for 5.6 billion NZD to the European Union (EU).
- North America region is one of the largest trade and foreign direct investment partners of New Zealand. The United States and Canada import 1
billion NZD of New Zealand beef every year
- Bilateral trade with Australia accounts for 23% of exports of New Zealand (9.1 billion NZD) and 18% of imports from New Zealand (7.4 billion NZD) thanks to the Free Trade Agreement between New Zealand and Australia.
- North of Asia is one of the biggest markets for New Zealand consumer products.
The People's Republic of China, Japan, and the Republic of Korea are respectively their third, fourth and the ninth largest trade partners.
- Foreign Trade and economic ties with South-east Asia (mainly Singapore, Malaysia, and Indonesia) are also crucial.
Market Access and New Zealand's Free Trade Agreements (FTA):
- Asia-Pacific Economic Cooperation (APEC)
- Pacific Islands Forum (PIF)
- Oceania Customs Organisation (OCO)
- Trans-Pacific Agreement (TPP)
- ASEAN-New Zealand
- Australia-New Zealand Closer Economic Relations Trade Agreement
- Free Trade Agreements (FTA) with China, India, Singapore, Hong Kong, Thailand, and Russia
Trade Agreements in Force
- Hong Kong, China Closer Economic Partnership
- Thailand Closer Economic Partnership
- Singapore Closer Economic Partnership
- Australia Closer Economic Relations
- Free Trade Agreement (FTA) with the Gulf Cooperation Council
- Economic Partnership Agreement with Chile.
New Zealand's Organisations and International Economic Relations.
New Zealand is a member of:
- Pacific Economic Cooperation Council (PEEC)
- Economic Social Commission Asia-Pacific (ESCAP)
- FEALAC: New Zealand-Latin America
- ASEM: New Zealand-Europe
- Colombo Plan
- United Nations (UN)
- World Trade Organisation (WTO)
- International Monetary Fund (IMF)
- OECD. OECD anti-corruption measures
China New Zealand Agreement:
FTA with Hong Kong