New Zealand Trade Agreements and Their Economic and Societal Impacts: A Review

Olufemi Muibi Omisakin

Abstract


Trade agreements are necessary for New Zealand because of the country’s population size and the need to grow its economy via export trade and foreign direct investment. This study reviews three of New Zealand’s trade agreements, New Zealand-Australia Closer Economic Relations (CER); New Zealand-China Free Trade Agreement (NZCFTA) and the Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP).
It presents qualitative in-depth review of the economic and social impacts of the New Zealand-Australia Trade Agreement (CER) and The New Zealand-China Free Trade Agreement (NZCFTA). It evaluates the expected economic and social contributions of The Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) to New Zealand’s economy and society. It concludes that CER and NZCFTA as most beneficial to New Zealand’s economy and society, CPTPP is expected to provide a market of 480 million people, 13.5% of world GDP worth US$10tn of trade expected to make greater contribution to the economy.


Keywords


Tariffs; Economic; Trade agreement; Bilateral; Multilateral

Full Text:

PDF

References


Amadeo, K. (2017). Multilateral Trade Agreements: Pros, Cons and Examples.[Online]. Available from: https://www.thebalance.com/multilateral-trade-agreements-pros-cons-and-examples-3305949 [Accessed 03 March 2018]

Australian Bureau of Statistics. (2015). Migration, Australia: Estimated Resident Population [Online].Available from http://www.abs.gov.au/ausstats/abs@.nsf/0/66CDB63F615CF0A2CA257C4400190026?Opendocument [Accessed 08 March 2018]

CBCN. (2017). TPP nations agree to pursue trade deal without US.[Online]. Available from https://www.cnbc.com/2017/05/20/tpp-nations-agree-to-pursue-trade-deal-without-us.html [Accessed 08 March 2018]

Conforti, P., & Salvatici, L. (2004). Agricultural Trade Liberalization in the Doha Round. Alternative Scenarios and Strategic Interactions between Developed and Developing Countries. FAO Commodity and Trade Policy Research Working Paper, (10), 40.

Cullen, M. (2008). Free trade agreement not to blame. - New Zealand Herald, 17 April.

Department of Foreign Affairs, Australia. (1983). Australia and New Zealand closer economic relations trade agreement Australian treaty series 1983 No 2. [Online] Available from: http://dfat.gov.au/trade/agreements/in-force/anzcerta/Documents/anzcerta1.pdf [Accessed 6 June 2018]

Economics Help. (2010). Benefits of Free Trade and Arguments against Free Trade. [Online]. Available from: http://www.economicshelp.org [Accessed 03 March 2018]

Gibson, A. (2015). Auckland ,House Prices Surge 13 per cent. New Zealand Herald. 13 April.

Indian Merchant Chamber. (n.d). Economic Research & Training Foundation: Paper on-Free Trade Agreements. [Online]. Available from: http://www.imcnet.org/cms/public/content/ertf_thoughtpaper/2.%20Free%20Trade%20Agreement.pdf [Accessed 03 March 2018]

Ministry of Foreign Affairs and Trade. (2010). New Zealand-Australia Closer Economic Relations Investment Protocol. [Online] Available from: https://www.mfat.govt.nz/assets/FTAs-agreements-in-force/Australia/Australia-NZ-CER-Factsheet.pdf [Accessed 07 April 2018]

Ministry of Foreign Affairs and Trade. (2016) Education and Tourism. [Online]. Available from: https://www.mfat.govt.nz/en/countries-and-regions/north-asia/china/#ed [Accessed 09 April 2018.]

Ministry of Foreign Affairs and Trade. (2018) The Australia-New Zealand Closer Economic Relationship. [Online]. Available from: https://www.mfat.govt.nz/assets/FTAs-agreements-in-force/Australia/anzcer-cep-booklet.pdf [Accessed 05 April 2018]

Ministry of Foreign Affairs and Trade. (2018). Comprehensive and Progressive Agreement for Trans-Pacific Partnership (CPTPP) National Interest Analysis. [Online]. Available from: https://www.mfat.govt.nz/assets/CPTPP/Comprehensive-and-Progressive-Agreement-for-Trans-Pacific-Partnership-CPTPP-National-Interest-Analysis.pdf [Accessed 03 April 2018]

Ministry of ForeignAffairs and Trade. (2018).Fact Sheet Overview. [Online]. Available from: https://www.mfat.govt.nz/assets/FTAs-in-negotiations/CPTPP/CPTPP-Overview-Mar2018.pdf [Accessed 6 June 2018]

New Zealand Statistics. (2017). Australia New Zealand trade, investment, and migration. [Online]. Availablefrom:http://archive.stats.govt.nz/browse_for_stats/industry_sectors/imports_and_exports/trade-investment-migration-factsheets.aspx [Accessed 09 April 2018]

New Zealand Statistics. (2017). China New Zealand trade, investment, and migration. [Online) Available from:http://archive.stats.govt.nz/browse_for_stats/industry_sectors/imports_and_exports/trade-investment-migration-factsheets.aspx [Accessed 09 April 2018]

OECD, (n.d.). Trade and the Economic Recovery: Why Open Markets Matter. [Online]. Available from: www.oecd.org/trade/whyopenmarketsmatter.htm [Accessed 03 March 2018]Rosenberg, B. (2016). Campaign Against Foreign Control of Aotearoa. [Online]. Available from:http://canterbury.cyberplace.co.nz/community/CAFCA/key-facts.html [Accessed 24 April 2018]

Poot, J., & Sanderson, L. (2007). Changes in social security eligibility and the international mobility of New Zealand citizens in Australia. PSC Discussion Paper. No. 65, Population Studies Centre, University of Waikato. [Online] Available from: https://waikato.researchgateway.ac.nz/bitstream/handle/10289/806/PSC-dp-65.pdf?sequence=1&isAllowed=y. [Accessed 25 May 2018]

Stats NZ. (2018). [Online] Available from: www.stats.govt.nz [Accessed 6 June 2018]

Strutt, A., Poot, J., & Dubbeldam, J. (2008). International Trade Negotiations and the Trans-Border Movement of People. [Online] Available from: https://researchcommons.waikato.ac.nz/handle/10289/919 [Accessed 25 May 2018]

White House. (2017). Withdrawal of the United States from the Trans-Pacific Partnership Negotiations and Agreement. [Online] Available from: https://www.whitehouse.gov/presidential-actions/presidential-memorandum-regarding-withdrawal-united-states-trans-pacific-partnership-negotiations-agreement/ [Accessed 05 April 2018]

Wood, A. (2015). New Zealand Visitor Numbers Forecast to Grow Strongly. [Online]. Available from: http://www.ausae.org.au/widget/News/3346718 [Accessed 08 April 2018.]

Worldometers. (2018). China population (live). [Online] Available from: http://www.worldometers.info/world-population/china-population/ [Accessed 05 April 2018]




DOI: http://dx.doi.org/10.3968/10841

Refbacks

  • There are currently no refbacks.


Copyright (c) 2019 Olufemi Muibi Omisakin

Creative Commons License
This work is licensed under a Creative Commons Attribution 4.0 International License.

Share us to:   

Reminder

  • How to do online submission to another Journal?
  • If you have already registered in Journal A, then how can you submit another article to Journal B? It takes two steps to make it happen:

1. Register yourself in Journal B as an Author

  • Find the journal you want to submit to in CATEGORIES, click on “VIEW JOURNAL”, “Online Submissions”, “GO TO LOGIN” and “Edit My Profile”. Check “Author” on the “Edit Profile” page, then “Save”.

2. Submission

  • Go to “User Home”, and click on “Author” under the name of Journal B. You may start a New Submission by clicking on “CLICK HERE”.


We only use three mailboxes as follows to deal with issues about paper acceptance, payment and submission of electronic versions of our journals to databases: caooc@hotmail.com; ibm@cscanada.net; ibm@cscanada.org

 Articles published in International Business and Management are licensed under Creative Commons Attribution 4.0 (CC-BY).

 INTERNATIONAL BUSINESS AND MANAGEMENT Editorial office

Address: 1055 Rue Lucien-L'Allier, Unit #772, Montreal, QC H3G 3C4, Canada.
Telephone: 1-514-558 6138 
Website: Http://www.cscanada.net Http://www.cscanada.org 
E-mail: caooc@hotmail.com

Copyright © 2010 Canadian Research & Development Centre of Sciences and Cultures