Doing Business in New Zealand

The objectives of the subject “International Trade and Business in New Zealand” are the following:

1. To analyze the New Zealander Economy and Foreign Trade;
2. To know the business opportunities in New Zealand;
3. To explore the New Zealander trade relations with the country of the student;
4. To know the New Zealander Trade Agreements;
5. To examine the profile of New Zealander companies;
6. To develop a business plan for the New Zealander market.

The Subject “Foreign Trade and Business in New Zealand” belongs to the following Online Higher Educational Programs taught by EENI Global Business School:

Masters (MIB): International Business, Foreign Trade.

Doctorate (DIB): Asian Business, World Trade.

Learning materials in Nueva Zelanda Nouvelle-Zelande.

1. Credits of the subject “Foreign Trade and Business in New Zealand”: 2 ;
2. Duration: two weeks.

Market Access and Free Trade Agreements of New Zealand

1. New Zealand and the Economic Area of Oceania;
2. Asia-Pacific Economic Cooperation (APEC);
3. Pacific Islands Forum (PIF);
4. Oceania Customs Organization (OCO);
5. Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP);
6. Regional Comprehensive Economic Association (RCEP);
7. Australia-New Zealand Closer Economic Relations Trade Agreement;
8. South Pacific Regional Trade and Economic Cooperation Agreement (SPARTECA);
9. ASEAN-Australia-New Zealand Free Trade Agreement (FTA);
10. China-New Zealand Free Trade Agreement (FTA);
11. Singapore-New Zealand Free Trade Agreement (FTA);
12. India-New Zealand Free Trade Agreement (FTA);
13. New Zealand-Taiwan Free Trade Agreement;
14. Thailand-New Zealand Free Trade Agreement (FTA);
15. New Zealand-Malaysia Free Trade Agreement;
16. Hong Kong China-New Zealand Free Trade Agreement;
17. South Korea-New Zealand Free Trade Agreement;
18. Free Trade Agreements with Chile, Gulf Cooperation Council, and Russia;
19. Central American Integration System (SICA) (Observer).

1. World Trade Organization (WTO)
   1. WTO General Agreement on Trade in Services (GATS);
   2. WTO Agreement on the Application of Sanitary and Phytosanitary Measures (SPS);
   3. WTO Agreement on Technical Barriers to Trade (TBT);
   4. WTO Agreement on Preshipment Inspection (PSI);
   5. WTO Agreement on Safeguards (SG);
   6. WTO Trade Facilitation Agreement (TFA).
2. World Customs Organization (WCO)
   1. Revised Kyoto Convention (RKC).
3. International Road Transport Union (IRU);
4. International Bureau of Containers and Intermodal Transport (BIC);
5. International Civil Aviation Organization (ICAO, Chicago Convention);
6. International Maritime Organization (IMO)
   1. Customs Convention on Containers (CCC, UN);
   2. Convention Relating to Temporary Admission (Istanbul Convention) - not a member.

Asian Trade and Economic Organizations:

1. Economic and Social Commission for Asia and the Pacific (ESCAP);
2. FEALAC;
3. ASEM;
4. Colombo Plan;
5. Boao Forum for Asia;
6. Asian Development Bank (ADB).

Global Organizations:

1. Organization for Economic Cooperation and Development (OECD)
   1. OECD anti-corruption measures.
2. United Nations (UN)
   1. Conference on Trade and Development (UNCTAD);
   2. International Trade Centre (INTRACEN);
   3. World Intellectual Property Organization (WIPO).
3. World Bank (WB);
4. World Trade Organization (WTO);
5. International Monetary Fund (IMF);
6. Commonwealth;
7. Pacific Economic Cooperation Council (PEEC);
8. OECD.

New Zealand (Asia-Pacific).

1. New Zealand's capital: Wellington;
2. Auckland is the largest city and the largest port;
3. English, Maori, and New Zealand sign language are recognized as official languages;
4. New Zealand has a diverse multicultural population of over 4.5 million people;
5. New Zealander Area: 268,680 square kilometers;
6. New Zealand is a constitutional monarchy. The Queen Elizabeth II (United Kingdom) is the Head of State;
7. New Zealand became independent from the United Kingdom in 1853.

The main religion in New Zealand is Christianity.

New Zealand belongs to the Economic Area of Oceania of the Western-Christian Civilization.

Economy of New Zealand

1. New Zealand has an efficient, market economy, a secure business environment, and excellent infrastructures;
2. New Zealand ranks fourth in economic freedom (Heritage Foundation) and occupies the second position in the ease of doing business index (World Bank);
3. The main Economic Sectors of New Zealand are manufacturing, services, and agricultural;
4. Top fast Growing Sectors of New Zealand: creative and food and beverage (10% of the New Zealander gross domestic product);
5. Auckland: 30% of the total annual trade of New Zealand and represent 13% of the gross domestic product of NZ;
6. The currency is the New Zealand dollar (NZD).

International Trade of New Zealand.

1. The principal problem of New Zealand is the great distance that separates the country from the world's largest markets, as the only nearby is Australia (about 1,600 kilometers);
2. Food and beverage exports of New Zealand: 22 billion NZD (7.76 billion NZD in 1990), 50% of the total export products of New Zealand;
3. Top trade partners of New Zealand: Australia, the United States, Japan, the People's Republic of China, and the United Kingdom;
4. 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%);
5. The European Union is a largest foreign direct investment source and is a significant trading 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;
6. The North America region is one of the largest trade and investment partners of New Zealand. The United States and Canada import 1 billion NZD of New Zealand beef every year;
7. Bilateral trade with Australia accounts for 23% of the exports of New Zealand (9.1 billion NZD) and 18% of the imports from New Zealand (7.4 billion NZD) thanks to the Free Trade Agreement between New Zealand and Australia;
8. North of Asia is one of the largest markets for the New Zealander 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;
9. Foreign Trade and economic ties with Southeast Asia (mainly Singapore, Malaysia, and Indonesia) are also crucial.

Global Trade and Business in New Zealand:

(c) EENI Global Business School (1995-2023)
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