The WTO report, along with a policy
statement by the Government, will be the basis for the Trade Policy
Review (TPR) by the Trade Policy Review Body of the WTO.
However, GDP growth is expected to slow
down significantly in 2008/09 owing to a recession in the first three quarters
of the current fiscal year.
Although by and large New Zealand’s economic fundamentals remain sound,
sustained growth depends on the Government addressing macroeconomic imbalances
such as the current account deficit and heavy reliance on foreign borrowing, as
well as on boosting productivity growth. The report notes New Zealand’s high
concentration of exports in the agriculture sector and the marginal increase in
Foreign Direct Investment.
Already low tariffs have been further reduced during the period under review and
the country has had limited recourse to non-tariff barriers except for those
maintained for health and safety reasons. While maintaining its commitment to
the strengthening and liberalization of the multilateral trading system, New
Zealand pursues bilateral or plurilateral Preferential Trade Agreements to
complement its wider trade strategy.
The report, along with a policy statement by the Government of New Zealand, will
be the basis for the fourth Trade Policy Review (TPR) of New Zealand by the
Trade Policy Review Body of the WTO on 10 and 12 June 2009.
The following documents are available in MS Word format.
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Trade Policy Reviews are an exercise, mandated in the WTO agreements,
in which member countries’ trade and related policies are examined and
evaluated at regular intervals. Significant developments that may have
an impact on the global trading system are also monitored. For each
review, two documents are prepared: a policy statement by the
government of the member under review, and a detailed report written
independently by the WTO Secretariat. These two documents are then
discussed by the WTO’s full membership in the Trade Policy Review Body
(TPRB). These documents and the proceedings of the TPRB’s meetings are
published shortly afterwards.
copies of previous TPR publications are available for sale from the
WTO Secretariat, Centre William Rappard, 154 rue de Lausanne, 1211
Genève 21 and through the
TPR publications are also available from our co-publisher Bernan Press, 4611-F Assembly Drive, Lanham, MD 20706-4391, United States.
Schedule of forthcoming reviews
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Morocco: 24 and 26 June 2009
Guyana: 8 and 10 July 2009
Zambia: 27 and 29 July 2009
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