APEC 2021 Bill introduced to the House
The new Asia Pacific Economic Cooperation (APEC 2021) Bill was introduced to the House on Wednesday by the Minister of Foreign Affairs.
While we do not maintain diplomatic relations with Taiwan, we do have a vibrant trading, economic and cultural relationship. We’re both members of APEC, the World Trade Organisation (WTO), a number of fisheries conventions and the Asian Development Bank. Taiwan is an important source of imports, tourism and investment, and an important export market for New Zealand.
As well as trade, we enjoy extensive people-to-people links. There are employment opportunities for New Zealanders in Taiwan, particularly in teaching, and the number of art and cultural exchanges is growing. Many Taiwanese have migrated to New Zealand since the 1990s, and we have a particularly strong Taiwanese population in Auckland. Tourism, education and business links have strengthened since a three-month visa waiver was introduced in November 2009.
Total trade in goods |
$1.8 billiion |
|
Exports to Taiwan |
$1 billion |
Top exports: milk powder, frozen beef, confidential items |
Imports from Taiwan |
$766 million |
Top imports: oils and biodiesel, stainless steel (>600mm wide flat-rolled), bicycles |
GDP |
US$530 billion |
|
GDP per capita | US$22,598 | (NZ GDP per capita is US$43,837) |
GDP growth | 3.7% | |
Taiwan is our 8th-largest export market and 16th-largest source of imports. Our dairy, meat, fruit, seafood and forest products are very popular with the Taiwanese and we’re their largest supplier of dairy products.
New Zealand has an agreement on Economic Cooperation with the Separate Customs Territory of Taiwan, Penghu, Kinmen and Matsu which was signed in 2013. Tariffs are being rapidly eliminated, opening up significant trading opportunities.
Find out more information about New Zealand's agreement on Economic Cooperation. (external link)
New Zealanders aged between 18 and 30 can apply for a 12-month working holiday visa for Taiwan.
To apply, you can go to the Taipei Economic and Cultural Office in either Auckland or Wellington.
For more information, read the Taipei Economic and Cultural Office website (external link).
New Zealand does not have an embassy in Taiwan and Taiwan does not have an embassy in New Zealand. Trade and cultural interests are supported by the following offices:
The new Asia Pacific Economic Cooperation (APEC 2021) Bill was introduced to the House on Wednesday by the Minister of Foreign Affairs.
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Visiting New Zealand? Don’t forget that from 1 October 2019, visitors from Hong Kong and Macao will need an NZeTA (New Zealand Electronic Travel Authority) before they travel.