KNZBC

NZ-Economy

Economy

Currency 1 New Zealand dollar (NZD) = 100 cents Fiscal year 1 July – 30 June Trade organisations APEC, WTO, OECD and CPTPP Free Trade Agreements (as of 2017) South Korea, China, Australia, ASEAN, Hong Kong, Malaysia, Singapore, Thailand, P4 (Brunei, Darussalam, Chile, Singapore) Statistcs GDP USD 186.4 billion (2017,[…]

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Free trade with Korea a boon for Kiwi exporters

The eleventh largest economy in the world, the Republic of Korea, is home to some technology and manufacturing giants – names we all recognise, like Samsung, Hyundai, LG and Daewoo. Korea’s economic success is founded on access to world markets, and that’s great news for New Zealand exporters. While it’s[…]

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Trade shows boost Kiwi exports to East Asia

New Zealand’s top food and beverage makers are preparing to show their products to key customers in East Asia in 2016, in a bid to increase sales in one of the world’s fastest growing regions. New Zealand Trade and Enterprise (NZTE) runs the Food Connection trade shows, which are seen[…]

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Free Trade Agreement Between Korea And New Zealand

New Zealand has a Free Trade Agreement (FTA) with the Republic of Korea (Korea) that allows originating goods traded between the two countries to enter at preferential duty rates. This fact sheet is a general guide on the rules of origin for goods traded between the two countries under the[…]

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New Zealand and Korea: New opportunities

When the KNZFTA came into force it included three education and training-related programmes of interest to New Zealand’s international education industry. When the Korea New Zealand Free Trade Agreement (KNZFTA) came into force on 20 December it included three education and training-related programmes of interest to New Zealand’s international education[…]

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Korea Market Report: Seafood

Korea has the highest per-capita seafood consumption in the world. With the popularity of seafood restaurants continuing to grow, there is substantial demand for seafood that cannot be met in the domestic market. Korea represents an exciting market for New Zealand seafood producers. The Korea-NZ FTA will see benefits for[…]

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Korea Market Report: Red Meat

New Zealand’s red meat sector can look ahead to increasing opportunity in the Korean market now that the Korea-NZ FTA has entered into force. New Zealand’s price competitiveness with other countries’ beef and lamb products will erode no further, as tariffs reduce to zero over time. Meanwhile, New Zealand product[…]

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Korea Market Report: Fruit And Vegetables

Koreans are consuming an expanding range of fruit and vegetables which will provide opportunities for New Zealand growers. Some horticultural products have already benefited from tariff reductions and others will become increasingly competitive over the next five to ten years. New Zealand’s reputation for food safety and ability to meet[…]

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