New Zealand free trade agreements
From Wikipedia, the free encyclopedia
New Zealand is party to several free trade agreements (FTAs) worldwide.
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[edit] History
The Economy of New Zealand is a market economy which is greatly dependent on international trade, mainly with Australia, the United States of America, China and Japan. It is strongly dependent on tourism and agricultural exports, and has only small manufacturing and high-tech components. Economic free-market reforms of the last decades have removed many barriers to foreign investment, and the World Bank has praised New Zealand as being the most business-friendly country in the world.
Regional and bilateral free trade agreements have become an important part of New Zealand's international trade policy. New Zealand has used free trade agreements also known as closer economic partnerships to liberalise trade between economies. A Closer Economic Partnership Agreement with Thailand was negotiated in 2004 and implemented in 2005. Negotiations for a Free Trade Agreement with Chile, Brunei and Singapore known as the Trans-Pacific Strategic Economic Partnership were concluded in 2005. Negotiations for further agreements with Malaysia were undertaken in 2006, but failed to reach a conclusion. The historic FTA with China was signed in Beijing in April 2008. [1]
[edit] Free Trade Agreements in force
Here is a list of free trade agreements of which New Zealand is part. In parentheses, the abbreviation, if applicable, membership if not stated before, and the date of coming into force are to be seen.
Australia: Closer Economic Relations (1983) [2]
China: New Zealand China Free Trade Agreement (2008)[3]
Thailand: New Zealand and Thailand Closer Economic Partnership (2005)[4]
Singapore: New Zealand and Singapore Closer Economic Partnership (2001)[5]
Brunei: Trans-Pacific Strategic Economic Partnership (2005)[6]
Chile: Trans-Pacific Strategic Economic Partnership (2005)- Singapore: Trans-Pacific Strategic Economic Partnership (2005) - Auxiliary to New Zealand and Singapore Closer Economic Partnership
[edit] Proposed Free Trade Agreements
New Zealand is negotiating bilateral and multilateral free trade agreements with the following countries and blocs:
United States: New Zealand-United States Free Trade Agreement in association with the Trans-Pacific Strategic Economic Partnership (2008/??)
Association of Southeast Asian Nations: - negotiating along with Australia since (2004)[10] [11]
South Korea: New Zealand-South Korea Free Trade Agreement [12]
[edit] See Also
[edit] References
- ^ Free Trade Agreements | International Trade | Ministry of Economic Development
- ^ Australia and New Zealand Closer Economic Relations - NZ Ministry of Foreign Affairs and Trade
- ^ New Zealand-China Free Trade Agreement - NZ Ministry of Foreign Affairs and Trade
- ^ Thailand/NZ CEP Agreement - NZ Ministry of Foreign Affairs and Trade
- ^ Singapore/NZ CEP Agreement - NZ Ministry of Foreign Affairs abd Trade
- ^ Trans-Pacific Strategic Economic Partnership Agreement between Brunei Darussalam, Chile, New Zealand and Singapore - P4
- ^ New Zealand-Malaysia Free Trade Agreement - NZ Ministry of Foreign Affairs and Trade
- ^ High powered push for Japan trade deal - 13 May 2008 - NZ Herald: New Zealand Business, Markets, Currency and Personal Finance News
- ^ Hong Kong-New Zealand Closer Economic Partnership - NZ Ministry of Foreign Affairs and Trade
- ^ ASEAN, Australia and New Zealand Free Trade Agreement - NZ Ministry of Foreign Affairs and Trade
- ^ New Zealand Ministry of Foreign Affairs and Trade - Inside Page
- ^ Clark looks to put Korea in trade bag - 16 May 2008 - NZ Herald: New Zealand National news
- ^ New Zealand-Gulf Cooperation Council (GCC) Free Trade Agreement - NZ Ministry of Foreign Affairs and Trade
[edit] External Links
- New Zealand Ministry of Foreign Affairs and Trade - Official site
- Ministry of Economic Development New Zealand - Official site
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