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NZ Export and Trade Handbook

NZ Export and Trade Handbook

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The handbook is an ideal resource for any company that participates in or wishes to commence exporting or importing (or wishes to export to or import from New Zealand)

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New Zealand
Adrenalin Publishing Ltd

in this issue

1 min.
let us assist you

Welcome to the 2020 edition of the New Zealand Export & Trade Handbook – a publication that is updated annually and has long been regarded as a go-to resource for export, import and trade practitioners, students and educators. We trust you will find this handbook useful, and please contact us with any suggestions for improving its content. Once again, we’d like to thank our valued sponsors, advertisers and contributors whose support, knowledge and skills have contributed to this publication. This year we have a new chapter on the CPTPP free trade agreement (FTA) which is a big deal for this country as it covers almost a third of our goods exports. It also constitutes a new FTA relationship with four key trading partners: Japan, Canada, Mexico and Peru – which combined currently receive…

3 min.
trade that benefits all new zealanders

It is a privilege to introduce the 2020 New Zealand Export and Trade Handbook. We benefit as a country and as individuals from international trade, with more than 620,000 New Zealanders reliant on trade for their livelihood. Exporting allows our firms to access larger markets with more consumers, and it encourages New Zealand businesses to specialise and benefit from economies of scale. It exposes our enterprises to greater competition, encouraging innovation and efficiency. Overseas markets are important sources of capital, new technologies and improved production processes. Trading also brings our firms closer to those at the cutting edge of productivity improvements. On top of all of this, exporting generates higher-paying jobs. Trade also provides us with access to a wide range of imported goods and services, allowing our firms to specialise where they have…

3 min.
exporting with attitude

We live in a world of opportunity. It’s not a world waiting for New Zealand’s latest and greatest product, service or experience that may be ‘world famous’ in our own comfort zone. Customers and consumers are spoiled for choice. There are no borders or time zones today. Geography is irrelevant except for online delivery, currency exchange and IP protection, if it can be enforced. A purchaser can buy anything, anywhere, anytime through a maze of physical, virtual and grey channels. But the missing link, and the one able to deliver sustainable success, is one that Kiwi exporters can influence. And that is putting customers first; to deliver superb service, relationships and experiences with a distinctive offering fit for an individual market rather than a ‘me too’. It helps too if you are first…

8 min.
1 understanding the cptpp

The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) is a free trade agreement (FTA) negotiated by 11 countries in the Asia-Pacific region: Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, New Zealand, Peru, Singapore and Vietnam. It is named ‘comprehensive and progressive’ because it goes beyond reducing costs for business. It includes commitments to safeguard and enforce high labour and environmental standards across the Asia-Pacific region; it preserves New Zealand’s right to regulate for legitimate public policy purposes; it upholds the Treaty of Waitangi, and will create new opportunities for international trade and more jobs that help generate a better standard of living for New Zealanders. CPTPP entered into force on 30 December 2018 for the original six ratifiers (Australia, Canada, Japan, Mexico, New Zealand and Singapore) and for Vietnam, the seventh ratifier,…

4 min.
trends, concerns and predictions: the wider picture

“This is a period of great disruption in international trade. We are seeing both worrying and exciting new trends in the global trade scene.” That’s how Stephanie Honey, director of Honey Consulting and associate director of the New Zealand International Business Forum, sums up the current state of affairs on the global trade front. “On the downside, unfortunately recent years have seen a significant increase in protectionism around the world. The ‘trade war’ between the United States and China and a number of other countries have resulted in new tariffs being introduced through 2018 and 2019, and the dislocation of supply chains and investment around the Asia-Pacific region.” Business confidence has taken a big hit, she says. “More broadly, since the GFC we’ve also seen a wider trend of countries resorting to trade-restrictive measures,…

7 min.
2 international trade

According to Statistics New Zealand, this country’s total exports of goods and services in the year ended June 2019 were $84.8 billion, an increase of $4.2 billion from 2018, while total imports were $82.7 billion, an increase of $6.4 billion from 2018. New Zealand’s trade surplus was down $2.2 billion from $4.3 billion in the year ended June 2018. New Zealand’s top three trade partners – China, Australia, and the European Union – accounted for approximately half of the total trade with the rest of the world. Japan follows the United States as New Zealand’s fifth-largest trade partner and accounted for 5.3 percent of New Zealand’s total trade with the rest of the world. The top imports for the same year in order of product were machinery, vehicles, mineral fuels and oils, travel services,…