<P> New Zealand's small size and long distances from major world markets creates significant challenges in its ability to compete in global markets . Australia, New Zealand's closest neighbour, is New Zealand's biggest trading partner . In 2013 New Zealand's main trading partners were Australia, China, the United States, Japan, Singapore and the United Kingdom . In March 2014, the total value of goods exported from New Zealand topped $50 billion for the first time, up from $30 billion in 2001 . New Zealand Trade and Enterprise (NZTE) offers strategic advice and support to New Zealand businesses wanting to export goods and services to other countries . </P> <P> Since 1960s New Zealand has pursued free trade agreements with many countries to diversify its export markets and increase the competitiveness of New Zealand's exports to the world . As well as reducing barriers to trade, Trade Agreements New Zealand has entered into are designed to ensure existing access is maintained . Trade agreements establish rules by which trade can take place and ensure regulators and officials in countries New Zealand is trading with work closely together . </P> <P> Australia is New Zealand's largest bilateral trading partner . In 2013, trade between New Zealand and Australia was worth NZ $25.6 billion . Economic and trading links between Australia and New Zealand are underpinned by the "Closer Economic Relations" (CER) agreement, which allows for free trade in goods and most services . Since 1990, CER has created a single market of more than 25 million people . Australia is now the destination of 19% of New Zealand's exports, including light crude oil, gold, wine, cheese and timber, as well as a wide range of manufactured items . </P> <P> The CER also creates a free labour market which allows New Zealand and Australian citizens to live and work freely in each other's country together with mutual recognition of professional qualifications . This means individuals who are registered to practise an occupation in one country can register to practise an equivalent occupation in the other country . Banking regulation and supervision are co-ordinated through the Trans - Tasman Council on Banking Supervision and there are also ongoing discussions about co-ordinating Australian and New Zealand business law . </P>

Where does nz import most of its products from
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