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The Office of the United States Trade Representative

New Zealand

Trade News:

The United States and New Zealand concluded a Trade and Investment Framework Agreement (TIFA) in 1992.  The most recent meeting under the TIFA was held June 2006.  Discussions were held on a range of bilateral issues including agriculture, sanitary and phytosanitary standards, biotechnology, intellectual property protection, pharmaceutical policy, customs and other issues.  The two governments also agreed to establish a separate dialogue on agriculture issues under the TIFA .  The next meeting under the TIFA will be held in early July in New Zealand.

Since the signing of the U.S.-New Zealand Trade and Investment Framework Agreement on October 2, 1992 Two-way trade and has increased steadily, reaching $6 billion in 2006. 

New Zealand is the United States’ 53rd largest trading partner.  The U.S. is New Zealand’s third largest trading partner behind Australia and Japan.

Trade Data:

U.S. goods exports in 2006 were $2.9 billion, up 10.4 percent from the previous year. Corresponding U.S. imports from New Zealand were $3.1 billion. New Zealand is currently the 42nd  largest export market for U.S. goods.

U.S. exports of private commercial services (i.e., excluding military and government) to New Zealand were $1.3 billion in 2005 (latest data available), and U.S. imports were $1.5 billion. Sales of services in New Zealand by majority U.S.-owned affiliates were not available in 2004 ($1.9 billion in 2003) (latest data available), while sales of services in the United States by majority New Zealand-owned firms were not available in 2004 ($16 million in 2002).

The stock of U.S. foreign direct investment (FDI) in New Zealand in 2005 was $4.8 billion (latest data available), up from $4.7 billion in 2004. U.S. FDI in New Zealand is concentrated largely in the nonbank holding companies, finance, manufacturing, and wholesale sectors.

Agreements

 
 
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