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New Zealand

New Zealand

The EU and New Zealand ended preparatory work in March 2017 for potential trade negotiations.

The European Commission will ask the EU Council for a negotiating mandate (specific objectives) for EU trade negotiations with New Zealand.

The Commission is almost finished assessing the potential impact of such a trade deal. This assessment takes into account the new opportunities that an EU-New Zealand trade agreement could create for EU businesses, as well as agricultural sensitivities that need to be kept in mind.

Better Regulation Agenda

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

Inception Impact Assessments

Trade picture

  • New Zealand is the 49th-largest trading partner of the EU in 2016 while the EU is New Zealand's second largest trading partner after Australia.
  • Total trade in goods amounted to nearly €8.1 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 2015 amounted to €4.3bn.
  • The stock of EU foreign direct investment in New Zealand amounted to €9.8bn, and the stock of New Zealand's investment in the EU was €4.5bn in 2015.

EU-New Zealand: Trade in goods

Trade in goods 2014-2016, € billions
Year EU imports EU exports Balance
2014 3.4 4.5 1.1
2015 3.5 4.6 1.1
2016 3.4 4.7 1.3

EU-New Zealand: Trade in services

Trade in services 2013-2015, € billions
Year EU imports EU exports Balance
2013 1.4 2.2 0.9
2014 1.3 2.3 0.9
2015 1.6 2.7 1.1

EU-New Zealand: Foreign direct investment

Foreign direct investment 2015, € billions
Year Inward stocks Outward stocks Balance
2015 4.5 9.8 5.3

Date of retrieval: 15/02/2017

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 Trans-Pacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP).

Trading with New Zealand