Doing Business in New Zealand. Foreign Trade

Course summary: trade and business in New Zealand

New Zealand (4 million people) ranks 4th in economic freedom (Heritage Foundation) and occupies the 2th position in ease of doing business (World Bank).

• The capital of New Zealand is Wellington and the biggest city and main Port is Auckland.(30% of total annual trade of New Zealand and represent 13% of Gross domestic product GDP of NZ)
• New Zealand has an efficient, market economy, a secure business environment and a excellent infrastructures.
• Main economic sectors of New Zealand: manufacturing, services and agricultural. Top fast growth sectors: creative and food and beverage (10% of Gross domestic product)
• English, Māori, and New Zealand Sign Language are official languages.

International trade of New Zealand

• Food and beverage exports: 22 billion NZD in 2009 (7.76 billion NZD in 1990), 50% of total export products of New Zealand.
• Top trade partners of New Zealand: Australia, United States, Japan, People's Republic of China, United Kingdom.
• New Zealand is member of Asia-Pacific Economic Cooperation (APEC)
• Fastest growing export markets of New Zealand: are the People's Republic of China (43 %), Singapore (28 %), Arab Republic of Egypt (25 %), United Arab Emirates (18 %) and India (16 %).
• The European Union is a important source of Foreign direct investment (FDI) and is an important trade partner. In 2009, New Zealand imported 7.7 billion NZD value of products from European Union economies and exported products for 5.6 billion NZD to the European Union.
• North America region is one of most important trade and Foreign direct investment (FDI) 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 of 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 3th, 4th and 9th biggest trade partners.

• Foreign trade and economic ties with South East Asia (mainly Singapore, Malaysia and Indonesia) are also very important.

Example of the course doing business in New Zealand:

New Zealand - International Economic Relations. New Zealand is member of: United Nations, World Trade Organization, Commonwealth, IMF, OECD ...

Free-trade agreements of New Zealand. Asia-Pacific Economic Cooperation (APEC) © Pacific Islands Forum Oceania Customs Organization Trans-Pacific Strategic Economic Partnership Agreement ASEAN New Zealand FTA Australia - New Zealand Closer Economic Relationship (CER)

China - New Zealand FTA India - New Zealand FTA Singapore - New Zealand FTA Foreign trade Agreements in Force - Hong Kong, China Closer Economic Partnership - Malaysia FTA - Thailand Closer Economic Partnership - Singapore Closer Economic Partnership - Australia Closer Economic Relationship - FTA with the Gulf Cooperation Council (GCC) - Economic Partnership Agreement with Chile

China New Zealand Free trade agreement:

India New Zealand Free trade agreement: