crwebb97
Answered

At Westonci.ca, we make it easy for you to get the answers you need from a community of knowledgeable individuals. Our platform provides a seamless experience for finding precise answers from a network of experienced professionals. Get precise and detailed answers to your questions from a knowledgeable community of experts on our Q&A platform.

Why has New Zealand recently begun to diversify its trading partners?

Sagot :

At first New Zealand traded with Australia but from the 1870's Great Britain became New Zealand's main trading partner.  New Zealand mostly traded in food and agricultural products, and its dependency on the one market meant it was sometimes known as Britain's Farm.

When Britain joined the European Economic Community (EEC) in the 1960's New Zealand became concerned that it would be harder to compete for British trade, and so needed to diversify its trading partners.

By the early 2000s New Zealand had many trading partners, and had setup free trade agreements with countries like Singapore, Thailand, and China.
Britain entered the EU, which imposes tariffs on non-members, including New Zealand. (PLATO)
We hope this was helpful. Please come back whenever you need more information or answers to your queries. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. We're here to help at Westonci.ca. Keep visiting for the best answers to your questions.