Map_of_countries_with_which_New_Zealand_has_free_trade_agreements

New Zealand New Zealand ( mi, Aotearoa ) is an island country in the southwestern Pacific Ocean. It consists of two main landmasses—the North Island () and the South Island ()—and over 700 smaller islands. It is the sixth-largest island coun ...

is party to several

free-trade agreement A free-trade agreement (FTA) or treaty is an agreement according to international law to form a free-trade area between the cooperating states. There are two types of trade agreements: bilateral and multilateral. Bilateral trade agreements occu ...

s (FTAs) worldwide.

History

The

Economy of New Zealand The economy of New Zealand is a highly developed free-market economy. It is the 51st-largest national economy in the world when measured by nominal gross domestic product (GDP) and the 63rd-largest in the world when measured by purchasing po ...

is a

market economy A market economy is an economic system in which the decisions regarding investment, production and distribution to the consumers are guided by the price signals created by the forces of supply and demand, where all suppliers and consumers ...

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 The World Bank is an international financial institution that provides loans and grants to the governments of low- and middle-income countries for the purpose of pursuing capital projects. The World Bank is the collective name for the Inte ...

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 Liberalization or liberalisation (British English) is a broad term that refers to the practice of making laws, systems, or opinions less severe, usually in the sense of eliminating certain government regulations or restrictions. The term is used m ...

trade between

economies An economy is an area of the production, distribution and trade, as well as consumption of goods and services. In general, it is defined as a social domain that emphasize the practices, discourses, and material expressions associated with the ...

. A Closer Economic Partnership Agreement with

Thailand Thailand ( ), historically known as Siam () and officially the Kingdom of Thailand, is a country in Southeast Asia, located at the centre of the Indochinese Peninsula, spanning , with a population of almost 70 million. The country is b ...

was negotiated in 2004 and implemented in 2005. Negotiations for a Free Trade Agreement with

Chile Chile, officially the Republic of Chile, is a country in the western part of South America. It is the southernmost country in the world, and the closest to Antarctica, occupying a long and narrow strip of land between the Andes to the eas ...

Brunei Brunei ( , ), formally Brunei Darussalam ( ms, Negara Brunei Darussalam, Jawi: , ), is a country located on the north coast of the island of Borneo in Southeast Asia. Apart from its South China Sea coast, it is completely surrounded by th ...

and Singapore known as the

Trans-Pacific Strategic Economic Partnership The Trans-Pacific Strategic Economic Partnership Agreement (TPSEP), also known as P4, is a trade agreement between four Pacific Rim countries concerning a variety of matters of economic policy. The agreement was signed by Brunei, Chile, Singapore ...

were concluded in 2005. Negotiations for further agreements with

Malaysia Malaysia ( ; ) is a country in Southeast Asia. The federal constitutional monarchy consists of thirteen states and three federal territories, separated by the South China Sea into two regions: Peninsular Malaysia and Borneo's East Mal ...

were undertaken in 2006, but failed to reach a conclusion. The historic FTA with China was signed in Beijing in April 2008. On 27 February 2009 New Zealand and its close partner Australia signed a Free Trade Agreement with the

ASEAN ASEAN ( , ), officially the Association of Southeast Asian Nations, is a political and economic union of 10 member states in Southeast Asia, which promotes intergovernmental cooperation and facilitates economic, political, security, milita ...

regional block of 10 countries. It is estimated that an FTA with ASEAN would boost aggregate GDP across the 12 countries by more than US$48 billion over the period 2000–2020 with an additional US$3.4 billion to New Zealand alone.

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 In law, coming into force or entry into force (also called commencement) is the process by which legislation, regulations, treaties and other legal instruments come to have legal force and effect. The term is closely related to the date of ...

are to be seen.

Bilateral agreements

* :

Closer Economic Relations The Australia–New Zealand Closer Economic Relations Trade Agreement, commonly known as Closer Economic Relations (CER), is a free trade agreement between the governments of New Zealand and Australia. It came into force on 1 January 1983, but ...

(1983) * : New Zealand–China Free Trade Agreement (2008) * : New Zealand–

Hong Kong, China Hong Kong ( (US) or (UK); , ), officially the Hong Kong Special Administrative Region of the People's Republic of China (abbr. Hong Kong SAR or HKSAR), is a city and special administrative region of China on the eastern Pearl River Delta ...

Closer Economic Partnership (2011) * : Malaysia–New Zealand Free Trade Agreement announced on 2 June 2009 * : New Zealand and Singapore Closer Economic Partnership (2001) * : NZ-Korea Free Trade Agreement (2015) * : Agreement between New Zealand and the Separate Customs Territory of Taiwan, Penghu, Kinmen, and Matsu on Economic Cooperation (2013) * : New Zealand and Thailand Closer Economic Partnership (2005) * : New Zealand-United Kingdom Free Trade agreement (2021, to be brought into force by end of 2022)

Multilateral agreements

(2005),Trans-Pacific Strategic Economic Partnership Agreement between Brunei Darussalam, Chile, New Zealand and Singapore – P4
/ref> with: ** (2005) ** (2005) ** : (2005) – Auxiliary to the bilateral New Zealand and Singapore Closer Economic Partnership *

Association of Southeast Asian Nations ASEAN ( , ), officially the Association of Southeast Asian Nations, is a political and economic union of 10 member states in Southeast Asia, which promotes intergovernmental cooperation and facilitates economic, political, security, mi ...

: ASEAN Australia NZ FTA (2009) *

Comprehensive and Progressive Agreement for Trans-Pacific Partnership Comprehensive may refer to: * Comprehensive layout, the page layout of a proposed design as initially presented by the designer to a client. *Comprehensive school A comprehensive school typically describes a secondary school for pupils aged appr ...

(2018), with: ** ** ** ** ** ** ** ** ** ** *

Regional Comprehensive Economic Partnership The Regional Comprehensive Economic Partnership (RCEP ) is a free trade agreement among the Asia-Pacific nations of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Sin ...

(2022), with: ** ** ** ** ** ** ** ** ** ** ** *: New Zealand-European Union Free Trade Agreement (2022, to be brought into force by end of 2024)

Proposed Free Trade Agreements

New Zealand is negotiating bilateral and multilateral free trade agreements with the following blocs and countries: *

: New Zealand - Pacific Alliance – negotiating since 2017 * : New Zealand-Mercosur Free Trade Agreement – negotiating since 2010 * : Negotiations began in 2007 and concluded in 2009 but the agreement is not yet in force * India–New Zealand Free Trade Agreement – negotiating since 2007 with the establishment of a JSG (Joint Study Group) looking at the feasibility of an Indian-NZ FTA. * Russia-Kazakhstan-Belarus Free Trade Agreement – negotiations began in 2010 but are currently suspended * Russia-Kazakhstan-Belarus New Zealand Free Trade Agreement – negotiations began in 2010 but are currently suspended * Russia-Kazakhstan-Belarus Free Trade Agreement – negotiations began in 2010 but are currently suspended

Abandoned or superseded proposals

* The

, a multilateral trade agreement involving 4 countries with which New Zealand has existing trade agreements –

, Singapore, and Australia – and nations with which New Zealand does not have an existing FTA: **: New Zealand–United States Free Trade Agreement. These negotiations resulted in the United States signing but not ratifying the now-defunct

Trans-Pacific Partnership The Trans-Pacific Partnership (TPP), or Trans-Pacific Partnership Agreement, was a highly contested proposed trade agreement between 12 Pacific Rim economies, Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Pe ...

. **: Negotiated alongside the United States, Australia and Vietnam to join the

. Became part of the

. ** : Negotiated alongside the United States, Australia and Peru to join the

. Became part of the

. * : Conducting feasibility study as of (14 May 2008). Superseded as Japan joined the

References

External links

New Zealand Ministry of Foreign Affairs and Trade
– Official site
Ministry of Economic Development New Zealand
– Official site
Tariff Finder, Ministry of Foreign Affarirs and Trade
- Tool to find export and import tariffs {{Economy of New Zealand Free trade agreements of New Zealand