Wikipedia

Free trade agreements of New Zealand

New Zealand is party to 14 free trade agreements (FTAs) worldwide. Together they accounted for over 70% of New Zealand's trade in 2023.[1]

  New Zealand
  Free trade agreements in force

History

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See also: Economic history of New Zealand

Prior to the mid-twentieth century, New Zealand's trade was dominated by the United Kingdom which provided preferential trade quotas to her former colony.[2] As the United Kingdom attempted to join the European Economic Community in the 1960s and move away from trade with former colonies, New Zealand sought to diversify international trade. Following this, New Zealand signed its first bilateral free trade agreement in 1965 with the New Zealand-Australia Free Trade Agreement (NAFTA) (later superseded by Closer Economic Relations in 1983).[3] When the United Kingdom eventually joined the European Economic Community in 1973, exceptions for New Zealand allowed the United Kingdom's preferential trade offerings to be phased out until the 1990s.[2]

Economic liberalisation in the 1970s made New Zealand into a market economy dependent on international trade especially in tourism and agricultural sectors. New Zealand has since welcomed foreign investment and has been praised as one of the most business-friendly countries in the world.[4]

Since the 1990s, New Zealand has pursued free trade agreements as part of international trade policy with a goal (as of 2024) of 90% of exports covered by FTAs by 2030.[5][6] New Zealand signed bilateral free trade agreements throughout the Asia-Pacific region through the 2000s including with significant trading partners China and the ASEAN bloc. Free trade agreements have expanded in the 2010s and 2020s with New Zealand's participation in wide multilateral FTAs including the Comprehensive and Progressive Agreement for Trans-Pacific Partnership and the Regional Comprehensive Economic Partnership.

Free trade agreements in force

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New Zealand has bilateral and multilateral free trade agreements with the following blocs and countries:

Bilateral agreements

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Multilateral agreements

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Agreements not yet in force

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  • Agreement on Climate Change, Trade and Sustainability (ACCTS), negotiations concluded in 2024 but have not yet been signed,[26][27] with:

Free trade agreements under negotiation

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New Zealand is negotiating bilateral and multilateral free trade agreements with the following blocs and countries:[28]

Abandoned or superseded proposals

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See also

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References

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  1. ^ "Free Trade Agreements: Mandate for Negotiations with the United Arab Emirates and Revised Mandate for Negotiations with the Gulf Cooperation Council" (PDF). Ministry of Foreign Affairs and Trade. 11 June 2024.
  2. ^ a b Chris, Nixon; Yeabsley, John (11 February 2010). "Overseas trade policy - New Zealand, Britain and the EEC". Te Ara - the Encyclopedia of New Zealand. Retrieved 8 September 2024.
  3. ^ Picker Jr, S. I. (1969). "Pacific Partnership: The New Zealand-Australia Free Trade Agreement". Melbourne University Law Review.
  4. ^ "Doing Business 2018; World Bank" (PDF). doingbusiness.org. Retrieved 4 April 2018.
  5. ^ Nixon, Chris; Yeabsley, John (11 March 2010). "Page 7. Diversification since 1990". Te Ara - the Encyclopedia of New Zealand. Retrieved 8 September 2024.
  6. ^ "New Zealand - Trade Agreements". www.trade.gov. International Trade Administration of the United States. 21 November 2023. Retrieved 8 September 2024.
  7. ^ Australia and New Zealand Closer Economic Relations – NZ Ministry of Foreign Affairs and Trade
  8. ^ New Zealand-China Free Trade Agreement – NZ Ministry of Foreign Affairs and Trade
  9. ^ "New Zealand-European Union Free Trade Agreement - New Zealand Customs Service". www.customs.govt.nz. Retrieved 3 May 2024.
  10. ^ New Zealand-Hong Kong, China Closer Economic Partnership
  11. ^ "Hong Kong and New Zealand sign Closer Economic Partnership Agreement (with photos/videos)". Info.gov.hk. 29 March 2010. Retrieved 26 October 2010.
  12. ^ New Zealand-Malaysia Free Trade Agreement – NZ Ministry of Foreign Affairs and Trade
  13. ^ "NZ agrees to free trade deal with Malaysia | BUSINESS News". Tvnz.co.nz. 2 June 2009. Retrieved 26 October 2010.
  14. ^ Singapore/NZ CEP Agreement – NZ Ministry of Foreign Affairs and Trade
  15. ^ "NZ-Korea Free Trade Agreement". New Zealand Foreign Affairs & Trade. Retrieved 12 August 2020.
  16. ^ Agreement between New Zealand and the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu on Economic Cooperation (ANZTEC) Archived 24 December 2013 at the Wayback Machine. New Zealand Commerce and Industry Office. Retrieved 23 December 2013.
  17. ^ Tim Groser (20 November 2013). Minister welcomes ANZTEC entry into force. New Zealand Government.
  18. ^ Thailand/NZ CEP Agreement – NZ Ministry of Foreign Affairs and Trade
  19. ^ New Zealand Ministry of Foreign Affairs and Trade. "New Zealand-United Kingdom Free Trade Agreement". New Zealand Ministry of Foreign Affairs and Trade. Retrieved 25 August 2022.
  20. ^ "Landmark post-Brexit trade deals to come into force this month driving economic growth across the UK". Gov.UK. 5 May 2023.
  21. ^ a b Trans-Pacific Strategic Economic Partnership Agreement between Brunei Darussalam, Chile, New Zealand and Singapore – P4
  22. ^ "ASEAN Australia New Zealand FTA (AANZFTA)". Retrieved 22 January 2019.
  23. ^ "Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP)". Retrieved 22 January 2019.
  24. ^ "PACER Plus". Retrieved 19 August 2024.
  25. ^ "Regional Comprehensive Economic Partnership (RCEP)". Retrieved 2 March 2022.
  26. ^ "What is the Agreement on Climate Change, Trade and Sustainability (ACCTS)?". Ministry of Foreign Affairs and Trade. Archived from the original on 5 July 2024. Retrieved 29 July 2024.
  27. ^ Pal, Alasdair (2 July 2024). "New Zealand signs environmental trade deal with Switzerland, Costa Rica and Iceland". Reuters. Archived from the original on 9 July 2024. Retrieved 29 July 2024.
  28. ^ Trade, New Zealand Ministry of Foreign Affairs and. "Free trade agreements under negotiation". New Zealand Ministry of Foreign Affairs and Trade. Retrieved 8 September 2024.
  29. ^ "Pacific Alliance". 30 November 2011. Archived from the original on 8 March 2021. Retrieved 22 May 2019.
  30. ^ "NZ - Gulf Cooperation Council FTA". New Zealand Ministry of Foreign Affairs and Trade. Retrieved 6 October 2018.
  31. ^ Trade, New Zealand Ministry of Foreign Affairs and. "Overview". New Zealand Ministry of Foreign Affairs and Trade. Retrieved 8 September 2024.
  32. ^ India Free Trade Agreement – New Zealand Ministry of Foreign Affairs and Trade Archived 5 October 2008 at the Wayback Machine
  33. ^ Trade, New Zealand Ministry of Foreign Affairs and. "New Zealand–United Arab Emirates free trade agreement". New Zealand Ministry of Foreign Affairs and Trade. Retrieved 8 September 2024.
  34. ^ Trade, New Zealand Ministry of Foreign Affairs and. "Timeline for negotiations and updates". New Zealand Ministry of Foreign Affairs and Trade. Retrieved 8 September 2024.
  35. ^ "High powered push for Japan trade deal – 13 May 2008 – NZ Herald: New Zealand Business, Markets, Currency and Personal Finance News". NZ Herald. 13 May 2008. Retrieved 26 October 2010.
  36. ^ "The Re-freshed Latin America Strategy: One Year Later Annual Report for the 2010-11 Financial Year" (PDF). New Zealand Ministry of Foreign Affairs and Trade. 30 November 2011. Retrieved 10 April 2012.
  37. ^ "Nova Zelândia quer tratado de livre comércio com Mercosul". Senado Brasileiro. 25 May 2011. Archived from the original on 22 April 2013. Retrieved 16 November 2011.
  38. ^ "New Zealand business and parliamentary connections in Latin America to be strengthened". New Zealand Parliament. 23 May 2011. Retrieved 16 November 2011.
  39. ^ Trade, New Zealand Ministry of Foreign Affairs and. "Free trade agreements under negotiation". New Zealand Ministry of Foreign Affairs and Trade. Retrieved 8 September 2024.
  40. ^ "New Zealand eyes Russian Trade – 14 Nov 2010 – NZ Herald: New Zealand National news". NZ Herald. 14 November 2010. Retrieved 14 November 2010.
  41. ^ "Russia – Belarus – Kazakhstan Customs Union FTA". New Zealand Ministry of Foreign Affairs and Trade. Retrieved 6 October 2018.
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