New Zealand Market Entry

In 2019, Czech exports again increased slightly year-on-year. Similar to trade with Australia, mutual trade between the Czech Republic and New Zealand ended the last decade with a surplus, which reached more than CZK billion in 2019.

Balance of mutual trade exchange for the last 5 years

Source of MPO

Source of MPO

10 most important Czech export/import items

Over 50% of Czech exports to New Zealand are passenger cars. The bulk of New Zealand’s imports are wool.

Source: CZSO

Source: CZSO

Mutual exchange in the field of services

In 2019, the revenues of the Czech Republic reached CZK 18 million and expenses CZK 28 million. The balance of Czech-New Zealand trade in services is 9 million CZK (69.2 million CZK in 2018). Tourism services reported the most expenses, where the Czech Republic’s income was CZK 7 million and expenses were CZK 22 million. Check smber for agriculture and fishing facts of New Zealand.

Czech investments in the territory: Companies and joint-ventures in mutual trade and in other areas of economic cooperation

The commercial and economic section of GK Sydney is currently not aware of any cases of direct Czech investments in New Zealand.

Examples of Czech companies on the New Zealand market:

• Shame on New Zealand
• ERA as, Pardubice
• Austin Detonator s.r.o., Vsetín
• Juta as, Dvur Králové nad Labem
• Mitas as, Prague
• Biona Jersín
• Htech cz sro
• AVAST
• BORCAD
• Czech Zbrojovka
• Skyleader
• Aeropilot
• BRM Aero
• SMS CZ
• Jablotron
• Respilon
• Atmosphere
• Pilsner Urquell
• ROKOSPOL AVIATION
• EVEKTOR AEROTECHNIK
• Atec
• Zlín Aero
• Cubic Balloons
• Budweiser Budvar
• Becherovka
• Tatras
• Kuberg
• Continental
• Lasvit
• TON Design Furniture
• AVG Technologies CZ s.r.o
• Linet

The contractual basis between the two states

The Minister of Finance of the Czech Republic, Miroslav Kalousek, and the Ambassador of New Zealand, Alan Howard Cook, signed the Double Taxation Avoidance Agreement in Prague on 26 October 2007 (it entered into force in August 2008). This treaty has become an important part of the contractual basis between the two countries, increasing the legal certainty of investors and other tax subjects of both countries, especially regarding the existence and amount of their tax liability. New Zealand was the last OECD member state with which the Czech Republic concluded this agreement.

However, due to the limited scope of mutual trade and investment with the Czech Republic, the New Zealand side does not consider it necessary to conclude other trade-economic bilateral agreements, with the fact that mutual trade relations are governed by the membership of both countries in the WTO. This also applies to the Agreement on the Promotion and Mutual Protection of Investments.

Contracts:

• Treaty between the Czechoslovak Republic and the United Kingdom of Great Britain and Ireland on legal assistance in civil and commercial matters, London, 11/11/1924, No. 46/1936 Coll.
• Treaty between the Czechoslovak Republic and the United Kingdom of Great Britain and Ireland on the mutual extradition of criminals as amended by the Protocol of 4 June 1926, London, 11.11.1924, No. 211/1926 Coll., 22/1928 Coll., 73/1928 Coll., 56 /1929 Coll., 166/1932 Coll., 212/1934 Coll., 25/1935 Coll.
• Supplementary Convention on Civil Judicial Procedure between the Czechoslovak Republic and the United Kingdom of Great Britain and Northern Ireland, Prague, 15 February 1935, No. 47/1936 Coll.
• Agreement between the government of the Czechoslovak Republic and the government of New Zealand on the mutual release of sequestered monetary claims (exchange of notes 7/11/1946, 30/7 and 8/8/1947), Wellington, 8/8/1947, No. 71/1948 Coll.
• Reciprocal declaration on partial exemption of income from taxation agreed by exchange of notes (Czechoslovak Socialist Republic – New Zealand), Wellington, 20/05/1969
• Agreement on the working holiday program, Prague, 11/11/2004