This Week Marks The 40th Anniversary Of Closer Economic Relations Or CER The Free Trade Agreement Between New Zealand And Australia

This week marks the 40th anniversary of Closer Economic Relations or CER the free trade agreement between New Zealand and Australia. CER was a world-leading agreement in 1983 and the WTO has called it the world’s most comprehensive, effective and mutually compatible free trade agreement. CER represents 15% of our exports and there has been a 12% increase in two-way trade with Australia from $26 billion in 2017 to $29 billion in 2022. There are over 7,200 firms exporting goods across the Tasman and tourism, dairy, logistics and beverages being the largest exports.