Doing Business in New Zealand. Foreign Trade (Imports exports)

 Educational level: Continuing education / Executive education programs.

Course summary Doing Business in New Zealand

The Economy of New Zealand. Foreign direct investment. IT, Infrastructure, Agribusiness, Manufacturing, ...

New Zealand has an efficient, market-oriented economy, a stable and secure business environment and a quality infrastructure. Sizeable manufacturing and service sectors complement a highly efficient, innovative agricultural sector. New Zealand’s economic freedom score (Heritage) is 82.3, making its economy the 4th freest in the 2011 Index. New Zealand ranks second in the world for ease of doing business, according to the World Bank index, 2010.

Industries experiencing rapid growth include the creative and food and beverage sectors, with food and beverage exports rising from NZ$7.76 billion in 1990 to NZ$22 billion in the year ended December 2009. The sector contributes over 10 percent of GDP and represents more than half of all New Zealand’s merchandise exports by value.

New Zealand’s key trading partners include Australia, the United States, Japan, China and the United Kingdom. New Zealand’s fastest growing major export markets in the year ending December 2009 were China (43 percent), Singapore (28 percent), Egypt (25 percent), United Arab Emirates (18 percent), and India (16 percent).

Example of the course Doing Business in New Zealand:

Europe is a significant investment and trading partner for New Zealand. In 2009, New Zealand imported NZ$7.7 billion worth of goods from European nations and exported NZ$5.6 billion worth of goods to Europe.

North America is one of New Zealand’s most important trading and investment partners. The US and Canada together import over NZ$1 billion of New Zealand beef every year, and also buy New Zealand wood, casein products, and lamb each valued at over NZ$250 million annually.

Australia is New Zealand’s closest neighbour. Trade with Australia accounts for 23 percent of New Zealand’s exports (NZ$9.1 billion) and 18 percent of New Zealand's imports (NZ$7.4 billion). The comprehensive free trade agreement between New Zealand and Australia, along with increasingly harmonised financial and regulatory systems and similar consumer markets, make New Zealand a highly attractive destination for Australian companies.

North Asia is one of the largest markets for New Zealand premium consumer goods and high-value commodity products for offshore processing. China, Japan and the Republic of Korea are respectively their third, fourth and ninth largest trading partners.

Trade and economic links With South East Asia are important. The region contains three of their top 10 trading partners (Singapore, Malaysia and Indonesia are fifth, seventh and tenth respectively) and accounts for around 11 percent of merchandise exports (NZ $4.7 billion) and 16 percent of imports (NZ $7.6 billion).

Ports of Auckland handles 30% of New Zealand’s total annual trade by value – representing nearly 13% of national GDP.

Fonterra is the world's leading exporter of dairy products and responsible for more than a third of international dairy trade. Their global supply chain stretches from farms all over New Zealand to customers and consumers in more than 140 countries.

New Zealand is an island country in the south-west Pacific; comprises the North and South Islands. The capital is Wellington and the largest city and main port is Auckland. English, Māori, and New Zealand Sign Language are recognised as official languages. New Zealand has a diverse multicultural population of over 4 million people, making it one of the world’s least-crowded countries.

Free-trade agreements
New Zealand’s close trade and legal relationship with Australia gives businesses operating from New Zealand duty free access to a population of 22.3 million.

China New Zealand Free Trade Agreement (FTA):

Agreements in Force
- New Zealand-Hong Kong, China Closer Economic Partnership (NZ-HK CEP entered into force on 1 January 2011)
- New Zealand - Malaysia Free Trade Agreement (MNZFTA entered into force on 1 August 2010)
- ASEAN Australia New Zealand FTA  (AANZFTA) - 2010
- New Zealand - China Free Trade Agreement (NZ-China FTA) - 2008
- Trans-Pacific Strategic Economic Partnership (P4) - 2005
- New Zealand - Thailand Closer Economic Partnership (NZTCEP) - 2005
- Singapore - New Zealand Closer Economic Partnership (NZSCEP) - 2001
- Australia - New Zealand Closer Economic Relationship (CER) - 1983

India New Zealand Free Trade Agreement (FTA):

Agreements under Negotiation
- Anti-Counterfeiting Trade Agreement (ACTA)
- New Zealand-Gulf Cooperation Council Free Trade Agreement (NZ-GCC FTA negotiations have been concluded but not yet signed)
- Expansion of the Trans-Pacific Strategic Economic Partnership (TPP)
- New Zealand-Korea Free Trade Agreement (NZ-Korea FTA)
- India - New Zealand FTA / CECA (NZ-India FTA)
- New Zealand-Russia-Belarus-Kazakhstan Free Trade Agreement (NZ-RBK)

ASEAN Australia New Zealand Free Trade Area (AANZFTA):

New Zealand - International Economic Relations. New Zealand is member of: Asia-Pacific Economic Cooperation (APEC) ©, Pacific Economic Cooperation Council (PECC), Pacific Islands Forum (PIF), Oceania Customs Organisation (OCO), TPP Trans-Pacific Strategic Economic Partnership Agreement, Economic and Social Commission for Asia and the Pacific (ESCAP), Forum for East Asia-Latin America Cooperation (FEALAC), Asia-Europe Economic Meeting (ASEM), Colombo Plan, Association of South East Asian Nations Regional Forum, the East Asia Summit, United Nations, World Trade Organization, Commonwealth, IMF, OECD ...