Home > Features and Commentary > In brief > Key findings from the FTA Exporter Survey
A survey conducted by the Ministry of Foreign Affairs and Trade with NZTE has found that nearly 75 percent of respondents expect a modest to substantial increase in profitability from the removal of trade barriers.
The FTA Exporter Survey Report was conducted to gauge a business response to doing trade with New Zealand’s current and emerging FTA markets: Hong Kong, India, Korea, current TPP member states (Chile, Singapore, Brunei) and potential future TPP member states (the United States, Peru, Vietnam, Australia).
The online survey was completed by 236 New Zealand export companies.
Over 70 percent of respondents said they expected a modest to substantial increase in business efficiency from the removal of the barriers to trade and investment in their export markets.
Australia and the United States were identified by 71 percent of the respondents as their top export markets by the FTA Exporter Survey Report.
Hong Kong, Singapore, India and Korea were also identified as key export markets.
84 percent of respondents saw themselves as goods exporters, while only 32 percent saw themselves as service exporters.
The survey found that approximately two-thirds of respondents were subject to a tariff in their export markets.
More than 50 percent of respondents identified insufficient protection of intellectual property rights as a key barrier to trading and investing in overseas markets.
Restrictions on forming partnerships or joint ventures and requirements on needing local partners were identified by more than one third of the respondents as being a barrier trade and investment.
Over 80 percent of respondents identified the lengthiness of obtaining visas and work permits as a key impediment faced by staff based overseas.
The FTA Exporter Survey Report identified computing services, business services (accounting, legal, consultancy, etc) and engineering services as the top service export categories.
In contrast to the survey, official statistics show that New Zealand’s services exports are dominated by travel and transportation.
Read the full report.
9 March 2010
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