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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.
On 21 October 2021, New Zealand and United Kingdom signed a free trade agreement eliminating tariffs on 97% of New Zealand exports to the UK including honey, wine, kiwifruit, onions, and most industrial products. In addition, a range of dairy and beef exports will be tariff free after a period of 15 years.
A voluntary export restraint (VER) or voluntary export restriction is a measure by which the government or an industry in the importing country arranges with the government or the competing industry in the exporting country for a restriction on the volume of the latter's exports of one or more products. [1]
The 10 largest trading partners of New Zealand with their total trade (sum of imports and exports) in millions of New Zealand dollars and the total trade for all countries for the 2023 calendar year were as follows: [1] [2] [3] [4]
In the 2019–20 season, New Zealand produced 21.1 billion litres (4.6 × 10 9 imp gal; 5.6 × 10 9 US gal) of raw milk containing 1.9 million tonnes of milk solids (protein and milkfat). This makes the country the world's seventh-largest milk producer, with about 3% of world production in the 2016/17 dairy season.
New Zealand is unique in being the only developed country to be totally exposed to the international markets since subsidies, tax concessions and price supports for the agricultural sector were removed in the 1980s. [4] However, as of 2017, the New Zealand Government still provides state investment in infrastructure which supports agriculture. [5]
Rush was 4-1 as the starter two years ago when Prescott was out after breaking the thumb on his throwing hand in a season-opening loss. Rush also won a game in 2021 when Prescott had a calf strain.
However, the government of New Zealand decided that, despite the loss of Fisheries, the newly created Ministry of Agriculture should continue to be known by the acronym "MAF", and should still use the same logo, because of the high recognition and regard for the name and logo amongst the country's overseas trading partners. In 1998, this ...