Australia New Zealand Closer Economic Agreement (ANZCERTA)
The Australia New Zealand Closer Economic Agreement (ANZCERTA), which came into effect in 1983, was the first of Australia’s bilateral agreements. ANZCERTA created one of the world's most open and successful free trade agreements and two-way trans-Tasman merchandise trade has increased at an average annual rate of around eight per cent in the thirty years since its adoption.
ANZCERTA has been recognised by the World Trade Organization (WTO) as a model Free Trade Agreement, covering a wide range of trade issues - substantially all trans-Tasman trade in goods, including agricultural products, and services.
Investment from one country to the other is also important. Australia is the largest investor in New Zealand while New Zealand ranks third as an investment destination for Australia. Over half of Australia's total investment in New Zealand is Foreign Direct Investment, reflecting the high level of economic integration.
Please see the Department of Foreign Affairs and Trade website for comprehensive information on the ANZCERTA.
Doing business in New Zealand
Before entering the New Zealand business market, there are a number of factors to take into account including culture, politics and business etiquette.
Austrade can help Australian companies familiarise themselves with local market conditions, as well as assist in developing export opportunities through a range of in-market and Australian-based services.
There is extensive information about doing business in New Zealand on this website. Please check the New Zealand profile under 'Country Profiles.'