Search results
Results from the WOW.Com Content Network
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.
Trade Minister Damien O'Connor welcomed the ratification of the free trade agreement as "an important step towards the agreement entering into force." [16] On 1 May 2024, the NZ-EU free trade agreement came into force, lifting 91% of tariffs on New Zealand exports to the European Union. This will rise to 97% after seven years. [17]
The European Union has concluded free trade agreements (FTAs) [1] and other agreements with a trade component with many countries worldwide and is negotiating with many others. [2] The European Union negotiates free trade deals on behalf of all of its member states, as the member states have granted the EU has an "exclusive competence" to ...
Malaysia–New Zealand Free Trade Agreement [113] Malaysia New Zealand October 26, 2009: Peru-Australia Free Trade Agreement: Peru Australia February 12, 2018: European Union–Vietnam Free Trade Agreement Vietnam European Union August 1, 2020
Indonesia–New Zealand relations (Indonesian: Hubungan Indonesia-Selandia Baru) are foreign bilateral relations between Indonesia and New Zealand. Having common interests as democracies and neighbours in the Asia Pacific region, New Zealand and Indonesia are viewed as natural partners. [1] Both countries are members of APEC.
The EU and Indonesia have built robust commercial relations, with bilateral trade amounting to approximately €25 billion in 2012 resulting in a sizeable €5.7 billion trade surplus for Indonesia with the EU. In the past few years trade between EU and Indonesia has been marked by an upward trend.
The European Free Trade Association (EFTA) was created to allow European countries to partake in a free trade area with less integration as within the European Communities (later European Union). Most of the countries initially in EFTA have since joined the EU itself, so only four remain outside, Norway , Iceland , Liechtenstein and Switzerland .
Despite the positive trend, the EU's share of Indonesia's trade with main partners diminished, from 9.2% in 2010 to 8.7% in 2011 and to 8,1% in 2012. [1] Even at a record high of EUR 25 billion, overall Indonesia–EU bilateral trade is well below some of the other neighbours in the region, even though Indonesia is the largest economy in ASEAN.