OPEN FOR BUSINESS An introduction to New Zealand August 2014.

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OPEN FOR BUSINESS An introduction to New Zealand August 2014

Transcript of OPEN FOR BUSINESS An introduction to New Zealand August 2014.

OPENFORBUSINESS

An introduction toNew Zealand

August 2014

NEW ZEALANDAND THE ASIA GROWTH STORY

SECTION 04

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Percentage share of total world GDP1-2030 AD

THE ASIAGROWTH STORY

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Source: Angus Maddison, Historical Statistics for the World Economy 1-2030AD. McKinsey Global Institute Analysis, McKinsey & Company

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NEW ZEALANDIS OPEN FORTRADE

An extensive network of Free Trade Agreements (FTAs) including China, ASEAN and Australia.

Low barriers to import – reduces input costs.

Transparent and predictable rules, strong protection, preferential tariffs, rules of origin, and customs facilitation.

Border administration facilitates goods movements.(5th in 2012 Global Enabling Trade Report).

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Share of global middle-class consumption 2000-2050

ASIA AND INDIADRIVING GLOBALCONSUMPTION

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Source: The Brookings Institute, The Emerging Middle Class in Developing Countries. Homi Kharas 15 March 2010

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Free Trade Agreements to which New Zealand is a party

DEEPENING TRADERELATIONSHIPS

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Source: Ministry of Foreign Affairs and Trade

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• New Zealand is part of the Asia growth story.

• New Zealand open for trade.

• Asia and India driving global consumption.

• Deepening trade relationships.

INSUMMARY

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