New Zealand Profile

Overview

Located in the South Pacific, three hours’ flight from Australia, New Zealand, with a population of only 4.5 million, is one of the world’s least densely populated countries.

Since 1984, New Zealand has transformed itself from an agrarian economy dependent on concessionary British market access to a more industrialised, free market economy that competes globally. This growth has boosted real incomes, broadened and deepened the technological capabilities of the industrial sector, and contained inflationary pressures. The economy pulled out of recession late in 2009, and achieved 2-3% per year growth in 2010-13. Nevertheless, key trade sectors remain vulnerable to weak external demand. The government plans to raise productivity growth and develop infrastructure, while reining in government spending.

Trade, Services and Investment
New Zealand relies mainly on trade – particularly in agricultural products. The agricultural, horticultural, forestry, mining, energy and fishing industries play a significant role in New Zealand’s economy, particularly in the export sector and employment. The primary sector contributes over 50% of New Zealand’s total export earnings.

Currently, the sectors that are gaining attention for foreign investment in New Zealand are mainly in specialised high value industries.

New Zealand is active in the international trade space; in the global, regional, and bilateral levels. New Zealand has successfully negotiated numerous high-quality bilateral and regional agreements and is currently in the process of negotiating others, including the TPP and RCEP.

Country Statistics

Constitutional: Parliamentary democracy (member of British Commonwealth of Nations)
Capital: Wellington
Major Cities:   Auckland, Christchurch, Hamilton, Dunedin
Head of State:  Queen Elizabeth II , represented by Governor General Lt. Gen. Sir Jerry MATEPARAE (since 31 August 2011)
Prime Minister:   Rt Hon John Key
Population:  4,401,916 (July 2014 est.)
GDP (PPP):  US$136 billion (2013 est.)
GDP per capita:  US$30,400 (2013 est.)
Total export trade:  http://www.stats.govt.nz/browse_for_stats/industry_sectors/imports_and_exports/global-nz-dec-13.aspx
NZ$ 48,044 (million) (2013 est.)

Main exports
Dairy, Meat, Mineral fuels, Forestry, Fruit, Food and Beverages

Total import trade
NZ$ 48,360 (million) (2013 est.)

Main imports
Petroleum products, machinery and equipment, vehicles, consumer goods

Export trade with ASEAN
NZ$ 4,791 million (2013 est.)

Main exports to ASEAN
Dairy, crude petroleum oils, beef, fruit, forestry

Import trade from ASEAN
NZ$ 7,795 million (2013 est.)

Main imports from ASEAN
Petroleum oils, crude, petroleum oils, oil-cake, vehicles, telephones and cell phones, electronics

Total FDI in NZ
NZ$ 102 (billion) (2013 est.)

https://www.cia.gov/library/publications/the-world-factbook/geos/nz.html

Doing Business in New Zealand

Trade agreements with ASEAN countries

1. ASEAN Australia New Zealand Free Trade Agreement (AANZFTA)
2. Trans-Pacific Strategic Economic Partnership Agreement (P4) between Brunei Darussalam, Chile, New Zealand and Singapore
3. New Zealand-Malaysia Free Trade Agreement The Agreement between New Zealand and Singapore on a Closer Economic Partnership (CEP)
4. New Zealand – Thailand Closer Economic Partnership Agreement

Link to NZ Free Trade Agreements  Here:

NZ Dollar conversion rates – ASEAN
http://asean.fta.govt.nz/currency-converter

ASEAN Country Profile of NZ (ASEAN Secretariat):   http://www.asean.org/asean/external-relations/new-zealand/item/overview-of-asean-new-zealand-relations

World Bank report on NZ:   http://ddp-ext.worldbank.org/ext/ddpreports/ViewSharedReport?&CF=1&REPORT_ID=9147&REQUEST_TYPE=VIEWADVANCED&HF=N&WSP=N

NZ Trade & Enterprise site:  http://www.nzte.govt.nz/

Ministry of Foreign Affairs & Trade:  http://www.mfat.govt.nz/

NZ Tourism:   http://www.newzealand.com/

NZ Department of Statistics:  http://www.stats.govt.nz/

NZ Customs:   http://www.customs.govt.nz/

NZ Overseas investment office:  http://www.linz.govt.nz/overseas-investment/

NZ Immigration/Emigration

NZ Immigration Department:   http://www.immigration.govt.nz/

NZ Emigration:  http://www.emigratenz.org/

Export New Zealand: http://www.exportnz.org.nz/

Importers institute:  http://www.importers.org.nz/

Asia NZ Foundation:   http://www.asianz.org.nz/

Education:  http://www.enz.govt.nz/

NZ Government:  http://newzealand.govt.nz/

NZ Inland Revenue Department (IRD):   http://www.ird.govt.nz/

Major Newspapers:

NZ Herald:  http://www.nzherald.co.nz/

NZ National Business Review:  http://www.nbr.co.nz/