Wednesday, March 26, 2014

New Zealand plays a Major Role in the International Market

New Zealand is an extremely beautiful country, situated in the south-western Pacific Ocean.


     The country is famous amongst the nature lovers, owing to its breathtaking landscapes, luxuriant forests, placid lakes, glacial mountains, thermal regions, semi tropical islands and exotic wildlife. Tourism plays a major part in the economy of the country. 18% of New Zealand’s export earnings are dependent on tourism.
 
    Its market economy depends greatly on international trade, mainly with Australia, the European Union, the United States, China, South Korea and Japan. The country's principle industries for export are agriculture, fishing, horticulture and forestry.
 
   It is an interesting fact that New Zealand is amongst the top five dairy exporters in the world. With year-round rainfall and a temperate climate, the West Coast has natural advantages for dairying which is why the industry is expanding rapidly. Combined with the other four biggest exporters, it supplies around 90 percent of dairy products on the international market. New Zealand seafood is also high value export that is in demand worldwide.



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