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Article: New Zealand looks east
- Article from:
- The Press
- Article date:
- July 20, 1996
CopyrightCopyright 1996 The Press. Provided by ProQuest LLC. (Hide copyright information)
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The New Zealand Government's push into Latin America is justified
on trade potential alone. The region has 401 million people and the
total gross domestic product amounts to $US1300 billion. The push is
also towards the Caribbean, where the population is 36m and the
combined GDP $US65b. By themselves these measures of population and
wealth might not justify such a concerted effort but the region has
changed dramatically both politically and economically and is opening
itself up for trade regionally and to the rest of the world.
The total two-way trade between New Zealand and Latin America,
including Mexico, amounts to $774.4m. The trade balance is heavily
in New Zealand's favour, our ...