Economic relationship with Australia
Australia is our most important economic partner - it's the largest market for New Zealand goods and services.
Good progress has been made to remove trade barriers with Australia. We're building on this to reduce differences in regulatory institutions and the regulation of business activities.
We collaborate with New Zealand and Australian agencies to create a seamless trans-Tasman market with one set of rules for businesses to comply with.
We also work to create a combined trans-Tasman approach to trade with the rest of the world.
Taking effect in 1998, this agreement is the cornerstone of a single economic market with Australia.
Guides are available to help you understand and gain full benefit from the Trans-Tasman Mutual Recognition Arrangement.
Download the full text of the Trans-Tasman Mutual Recognition Arrangement.
New Zealand's oldest trade agreement still in force creates a common market with Australia through co-operation on policies, laws and regulatory regimes.