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Although we have tried to use plain English content on the site, you may come across specialist terms and acronyms. Find out what they mean in our glossary of terms.
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The major focus of negotiations at the WTO is to facilitate trade liberalisation through the opening of markets and the removal of trade barriers. The three primary ‘pillars’ where market access is negotiated are:
Agriculture is a major building block of the New Zealand economy. The production and processing of agricultural products such as meat, dairy products, wool, fruit, vegetables and wine typically generate around 16 percent of our annual gross domestic product and employ around 15 percent of the workforce. Agricultural products make up over half of New Zealand’s merchandise exports. more
Non-agricultural products (also known as industrial products) cover a diverse range of New Zealand exports. They include all manufactured goods (from textiles, clothing and footwear to steel and aluminium) as well as forest and fish products, chemicals, and minerals. Non-agricultural products made up 46% of New Zealand’s export receipts in the year to December 2005, worth NZ$14.2 billion. more
Services are often described as things you can buy or sell but can’t carry. They include a wide and diverse range of activities that are key to New Zealand’s economy, from professional services, such as legal, accountancy, engineering, and medical services, to communication services, such as postal and telecommunications services, through to financial, education, tourism and transport services. more