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New Zealand

New Zealand

The EU and New Zealand are like-minded partners who share many common concerns in today's international trade environment.

Better Regulation Agenda

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

Inception Impact Assessments

Trade picture

  • New Zealand ranked as the 49th largest trade in goods 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 €8.1 bn. Traditionally, New Zealand's exports to the EU are largely dominated by agricultural products while EU's exports to New Zealand have much more focused on manufactured goods.
  • New Zealand depends on international trade. New Zealand is a member of APEC, and part of the Trans-Pacific Partnership (TPP) and the Regional Comprehensive Economic Partnership (RCEP) processes. While the EU remains an important trading partner for New Zealand, New Zealand's trade focus is increasingly on the countries of the Asia-Pacific rim.
  • Total trade in commercial services between EU and New Zealand in 2015 amounted to €4.3bn.
  • EU foreign direct investment stock in New Zealand amounted to €9.8bn, and New Zealand investment stock 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

Since 1999 the EU and New Zealand have a bilateral agreement for mutual recognition that aims to facilitate trade in industrial products between the EU and New Zealand by reducing technical barriers, including assessment procedures. It covers medicine products and devices, telecommunication equipment, low voltage equipment, machinery and pressure equipment.

In 2003 a veterinary agreement entered into force aimed at facilitating trade in live animals and animal products while safeguarding public and animal health, and it has been updated in 2015.

The senior official level Annual Trade Talks meet regularly to exchange views on the bilateral trade relations.

Commissioner for Trade, Cecilia Malmström, and New Zealand’s Minister of Trade, Todd McClay, in their meeting on 7 March 2017 announced the end of preparatory talks for potential EU-New Zealand free trade agreement negotiations. As a next step, the European Commission will ask Member States for a negotiating mandate to negotiate on behalf of the EU on the basis of specific objectives.

More information

Trading with New Zealand