Mike Dilger on Nostr: New Zealand has been increasing the number of countries we trade with freely. We have ...

New Zealand has been increasing the number of countries we trade with freely.

We have bilateral agreements with Australia (1983) Singapore (2001), Thailand (2005), China (2008), Malaysia (2009), Hong Kong (2011), Taiwan (2013), South Korea (2015) the United Kingdom (2023) and the European Union (2024).

We have an agreement (TPSEP, 2005) with Brunei, Chile and Singapore.

We have an agreement (ASEAN, 2009) with Australia and the Association of Southeast Asian Countries (Brunei, Cambodia, Indonesia, Laos, Malaysia, Myanmar, Philippines, Thailand and Vietnam)

We have an agreement (CPTPP, 2018) with Australia, Brunei, Canada, Chile, Japan, Malaysia, Mexico, Peru, Singapore, the United Kingdom and Vietnam

We have an agreement (PACER plus, 2020) with Australia, Cook Islands, Kiribati, Niue, Samoa, Solomon Islands, Tonga, Tuvalu, and Vanuatu

We have an agreement (RCEP, 2022) with Australia, Brunei, Cambodia, China, Japan, South Korea, Laos, Thailand, Malaysia, Singapore and Vietnam.

There is a lot of overlap there, and there are big countries we do not have free trade with: USA, Russia, India, the Middle East, Africa, Central America and most of South America (save Chile and Peru) Of course we still trade with those countries, but there is no agreement to prevent trade wars with them.

I believe free trade is a win-win situation. Our sellers sell in larger volumes, and our buyers buy at cheaper prices.