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 |
