Investors from Australia, Canada and the UK that meet certain criteria will be exempted from some new US restrictions on foreign investment – but New Zealand didn’t make the cut. The three countries have been added to an ‘excepted states’ list and may face different compliance requirements to revised US investment regulations released recently. The finalized rules, which will come into effect ...

The upgraded Agreement between New Zealand and Singapore on a Closer Economic Partnership (ANZSCEP) has been ratified by the two nations and will enter into force on Jan 1, 2020. The upgraded agreement adds e-commerce and regulatory cooperation chapters to the ANZSCEP, Singapore’s first and New Zealand’s second bilateral Free Trade Agreement (FTA) that became effective Jan 1, 2001. The agreement will address modern ...

The Australian and New Zealand dollars shuffled sideways as Sino-US trade talks approached a weekend tariff deadline with little sign of progress, while data pointed to subdued economic conditions at home. The Aussie idled at US$0.6825 in very quiet trade, having spent six sessions snared in a snug US$0.6813/6862 range. The kiwi dollar was equally becalmed at US$0.6555, though it ...

The bilateral trade between New Zealand and the United Arab Emirates witnessed a 29 per cent increase during the past one year. The bilateral trade for the year ending October 2019 went up to NZ$4.08 billion ($2.62 billion) from NZ$3.16 billion ($2.03 billion) during the year ending October 2018, witnessing a 29 per cent increase. New Zealand’s trade with the ...

New Zealand became the first developed country to sign FTA with China in the year 2008. The upgrade to this agreement that was pending since the last few years was recently concluded. The updated deal now makes exports easy to China apart from decrease in compliance costs for New Zealand exports by millions of dollars yearly. Another advantage of the ...

Exporters in China and US have experienced adverse impact owing to tariff hike but New Zealand is one country that somehow remained unaffected by non-tariff barriers. Despite disruptions in value chains, trade tensions between China and US appear to have left New Zealand exporters unharmed for now. The country managed an overall growth of 4.7% in merchandise exports over the ...

About a quarter of small and medium businesses (SMEs) have a formal commitment to sustainable business practices, according to a New Zealand survey. Research also indicated larger businesses were more likely to operate sustainably because they had the resources, time and money to implement environmental initiatives. The Ideas Shop Sustainable Business Practices Survey, completed in association with BDO Spicers, showed ...

Prime Minister of New Zealand John Key, on February 4th took the first step towards restoring the country’s dire level of business confidence by introducing a raft of initiatives designed to boost cash flows, access to credit and compliance costs for small business. Costing $500 million over the next four and a quarter years, Key said some of the changes ...

Software-as-a-Service (SaaS) provider Xero is targeting the small to medium business market, by offering its online accounting system through Telecom’s Business Hub. Companies can use the online accounting system service for a monthly or annual subscription fee.As well, by mid-November Telecom customers will be able to take advantage of a free 60-day trial of Xero through the hub. Xero CEO ...