Stronger ties with Japan set to yield export growth

by | Sep 20, 2013 | Media Releases


New Zealand’s economic relationship with Japan could be significantly enhanced by trade negotiations now underway and by the improving economic outlook in Japan, delegates to the fourth Japan New Zealand Partnership Forum are to be told next week.

“If successfully concluded these trade negotiations have the potential to reinvigorate New Zealand’s longstanding economic relationship with Japan,” said NZIBF Chairman, Sir Graeme Harrison.  Sir Graeme is also Chairman of ANZCO Foods, a major exporter to Japan.

Japan’s entry to the Trans-Pacific Partnership (TPP) has the potential to boost New Zealand’s gains from the partnership by 260%, bringing total export gains to up to NZ$5.1 billion by 2025. Export gains from the Regional Comprehensive Economic Partnership (RCEP) which also includes Japan and New Zealand are likely to be significant, at around NZ$3.3 billion.

These figures are highlighted in background research prepared for delegates to the Partnership Forum by the NZ Institute for Economic Research (NZIER) using modelling undertaken at the East West Center in Honolulu.

“Japan is a major bilateral and regional partner of New Zealand and one of our anchor trading relationships. Japan remains New Zealand’s fourth-largest trading partner, with two-way trade totalling over NZ$6.2 billion in 2012.

“In recent years trade with Japan has not grown as fast as previously. Both Japan and New Zealand have lost market share in each others’ countries. As Japan emerges from economic uncertainty, trade with Japan holds massive opportunities for New Zealand businesses, especially in food, tourism and education.  We can’t afford to forget about the opportunities Japan offers us,” Sir Graeme said.

Japan is currently New Zealand’s fourth largest investor, our fifth largest market for commercial services and our fifth largest source of tourists. More than 10,000 Japanese international students were studying in New Zealand in 2012, making Japan our fourth largest market for international students.

The fourth Japan New Zealand Partnership Forum, organised by NZIBF, will be held in Tokyo on 25-26 September 2013. It will be co-chaired by Mr Yoshihiko Miyauchi, Chairman and CEO of ORIX, and by Sir Maarten Wevers, former Head of the Prime Minister’s Department and former Ambassador to Japan. Senior business representatives from New Zealand and Japan will continue their discussion about ways to build a stronger partnership between the two countries.

Under the theme “Japan and New Zealand ? a partnership for growth”, the Forum will be addressed by the Japanese Minister for Economic Revitalization, HE Akira Amari and New Zealand Trade Minister Hon Tim Groser.

The background research was commissioned by NZIBF to advise delegates of the current state of the economic relationship and its potential for the future.


Register to stay up to date with latest news, as well as saving and discussing articles you’re interested in.




Latest News

NZIBF 2022 Chair Report

ANNUAL GENERAL MEETING 2022 CHAIR’S REPORT I am pleased to present my second report on the activities and achievements of the NZ International Business Forum (NZIBF) for 2022-23, our fifteenth year of operations.  At the outset I would like to thank Members for...


New Zealand business will be represented at the APEC Leaders’ Week in Bangkok, commencing 13 November, by members of the APEC Business Advisory Council (ABAC). New Zealand’s three members – Rachel Taulelei, Malcolm Johns and Anna Curzon – supported by Stephen Jacobi...

Submission to MFAT for CPTPP Review

30 September 2022 Phil Mellor Economic Division, Ministry of Foreign Affairs and Trade, Wellington (By email) Dear Phil, Thank you for your email of 1 September, seeking our comments on the three year review of the Comprehensive and Progressive Agreement for Trans...


The now widespread use of the term “Indo Pacific” to describe the region to which New Zealand belongs brings a risk of geographical confusion. When did the “Asia Pacific” become the Indo Pacific?   For thirty years or more New Zealand has sought to enhance...

NZ Herald: Turbulence in global trade

Amidst the political topsy turvy of recent weeks came the news that the Government has refreshed its Trade Recovery Strategy.  That’s good news because, for exporters and the global economy as a whole, it’s tough out there. The pandemic is by no means over, there...

Address to World Affairs Forum, 22 August 2022

ADDRESS TO THE WORLD AFFAIRS FORUM AUCKLAND, 22 AUGUST 2022 STEPHEN JACOBI EXECUTIVE DIRECTOR NZ INTERNATIONAL BUSINESS FORUM TURBULENCE IN GLOBAL TRADE Thanks to Greg Thwaite for inviting me to speak to you this evening. It’s good to be back in the habit of meeting...

Trade and Climate Change: State of Play

TRADE AND CLIMATE CHANGE: STATE OF PLAY. A discussion paper prepared for the NZIBF by Adrian Macey, June 2022. Download here. Update: NZ-EU FTA The NZ-EU FTA has been finalised.  Article X.6 of the  trade and sustainable development chapter is on trade and...