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Australia is New Zealand’s closest neighbour. Trade with Australia accounts for 20 per cent of both New Zealand’s exports (nearly NZ$6.5 billion) and imports (nearly NZ$8 billion).
Australian companies are the largest investors in New Zealand. They maintained a stock of around NZ$20 billion in the New Zealand economy from 2001 to 2004, or 46% of the total foreign investment stock. Investment flows of over NZ$6 billion in both 2002 and 2004 signalled an upsurge in confidence in the New Zealand economy and business opportunities.
Australian investment in New Zealand has included relocation of call centres as well as information communication technology (ICT) and engineering research functions to New Zealand. Relocation has enabled Australian companies to take advantage of New Zealand’s competitive business costs, particularly in labour rates and location set-up costs.
Recent investments in heavy industry, manufacturing and infrastructure demonstrate the competitiveness of New Zealand’s resources, labour, and profit opportunities.
The comprehensive free trade agreement between New Zealand and Australia, along with increasingly harmonised financial and regulatory systems and similar consumer markets, make New Zealand a highly attractive destination for Australian companies.
Physical Address: Level 7, 55 Hunter Street, Sydney, NSW 2000
Postal Address: GPO Box 54, Sydney NSW 2001
Office Phone: +61 2 9234 2700
Office Fax: +61 2 9234 2701
Contact us using our online enquiry form
Physical Address: Suite 2 North, Level 3, 350 Collins St, Melbourne, Victoria 3000
Postal Address: GPO Box 2014, Melbourne, Victoria 3001
Office Phone: +61 3 9642 1281
Office Fax: +61 3 9642 1586
Over the decade between 1999 and 2008, the average exchange rate of the New Zealand dollar to the Australian dollar was NZ$1: AUD $0.86.
The average exchange rate in the year ended June 2008 was NZ$1: AUD $0.86.
Over the decade between 1999 and 2008, the average exchange rate of the New Zealand dollar to the Australian dollar was NZ$1: AUD $0.86. 