Related resources

Document archive

• Overview
• Closer Economic Relations: Positive Points - January 2005
• Australia New Zealand Closer Economic Relations Trade Agreement: 1983-2003 Backgrounder

More resources

• CER FAQ
• Key CER Instruments
• Biosecurity and Quarantine
• Biotechnology
• Rules of Origin
• Trade in Services
• Single Economic Market
• Trans-Tasman Mutual Recognition Arrangement (TTMRA)
• Trans-Tasman Travel Arrangement (TTTA)
• Trade Statistics
• The Australia - New Zealand Closer Economic Relationship Booklet 2005 PDF (559KB)
• New Zealand Government Submission to the Joint Standing Committee on Foreign Affairs, Defence and Trade on CER May 2006

External links

• Air Services Agreements (Ministry of Transport)
• MoU on the Coordination of Business Law (Ministry of Economic Development)
• Joint Food Standards Agreement (NZ Food Safety Authority)
• Double Tax Agreement (Inland Revenue Department)
• Competition Commissions' Cooperation (PDF 80KB) (Australian Competition and Consumer Commission)
• CER Ministerial 2007 Joint Communique (Australian Trade Minister website)
• Australian government information on CER
• WTO website

Publication

• A Basic Guide to Free Trade Agreements (PDF 751KB)
  

 

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CER: Positive points

• Australia is New Zealand's most important economic partner taking 20% of total merchandise exports in 2003 (year ending December 2003) and providing 23% of merchandise imports.
• New Zealand exports to Australia have doubled in real terms since 1983.
• Over the past 10 years, as CER has consolidated, trans Tasman trade has increased annually by 9% on average, exceeding the average 8.5% annual growth recorded for Australia's international trade and well above the 6.3% annual growth in New Zealand's international trade.
• New Zealand is Australia's fourth-largest market overall and currently is number one - in front of the USA - for elaborately transformed goods.
• Each country is the other's major market for elaborately transformed manufactures.
• Australia is the largest investor in New Zealand which is the fourth largest destination for Australian foreign investment.
• New Zealand is the sixth largest source of overall foreign direct investment in Australia. Australia is the second largest destination for New Zealand investment abroad after the United States. In recent years there has been significant new commercial investment from New Zealand in Australia's dairy sector, and from Australia in New Zealand's transport and banking sectors.
• Each country is the other's major market for tourism.
• As a result of CER, Australia has access to another domestic market about the size of Queensland, and the effective size of the New Zealand domestic market has been increased six-fold.
• Together, we provide our businesses with easy access to a combined market of 24 million people.
• Our two economies, which together equate to the size of the combined ASEAN markets, have a greater coherence and attractiveness together than apart.

Australia Division January 2005.

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