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New Zealand

New Zealand

On 22 May 2018, the Council of the European Union adopted the decision authorising the opening of negotiations for a Free Trade Agreement between the EU and New Zealand.

In 2017 the EU and New Zealand entered into a partnership agreement which contains a number of economic and trade cooperation rules.

More information on the EU-New Zealand trade negotiations

Better Regulation Agenda

Impact assessment for the future EU-New Zealand Free Trade Agreement

Trade picture

  • New Zealand was the EU's 50th-largest trading partner for goods in 2017 while the EU is New Zealand's third largest trading partner after China and Australia.
  • Total trade in goods amounted to nearly €8.7 bn. New Zealand's exports to the EU are largely dominated by agricultural products while EU's exports to New Zealand are focused on manufactured goods.
  • Total trade in services between EU and New Zealand in 2016 amounted to €4.4 bn.
  • The stock of EU foreign direct investment in New Zealand amounted to €10.9 bn, and the stock of New Zealand's investment in the EU was €5.6 bn in 2016.

EU-New Zealand: Trade in goods

Trade in goods 2015-2017, € billions
Year EU imports EU exports Balance
2015 3.5 4.6 1.1
2016 3.4 4.7 1.3
2017 3.4 5.3 1.9

EU-New Zealand: Trade in services

Trade in services 2014-2016, € billions
Year EU imports EU exports Balance
2014 1.4 2.3 0.9
2015 1.7 2.6 0.9
2016 1.7 2.7 1.0

EU-New Zealand: Foreign direct investment

Foreign direct investment 2016, € billions
Year Inward stocks Outward stocks Balance
2016 5.6 10.9 5.2

Date of retrieval: 16/04/2018

More statistics on New Zealand

EU and New Zealand

In 2017 the EU and New Zealand entered into a partnership agreement which contains a number of economic and trade cooperation rules.

The EU and New Zealand also have a bilateral agreement for mutual recognition of certain technical certificates. This reduces technical barriers, including assessment procedures. It covers:

  • medicine products and devices
  • telecommunication equipment
  • low voltage equipment
  • machinery
  • pressure equipment

A veterinary agreement to simplify trade in live animals and animal products (while protecting public and animal health) entered into force in 2003 and was updated in 2015.

The Annual Trade Talks regularly brings representatives from both sides together to exchange views on the bilateral trade relations.

New Zealand is a member of APEC, and part of the Comprehensive and Progressive Trans-Pacific Partnership (CPTPP) and the Regional Comprehensive Economic Partnership (RCEP).

Trading with New Zealand