Current Status Of New Zealand In Import Export Commerce Essay

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The modern business is placed in a very complex and intricate environment. The constraints and opportunities provided by the nature of the economy and various other internal and external factors of the environment have profound impact on the business sand working of the organization. Thus for formulating or understanding appropriate business strategies, it is necessary to have a proper knowledge of the corporate world.

Global/Country Study and Report is undertaken during third semester of the MBA. Here, the student selects a country for his/her own respective choice to get an overview of the country as much as possible. It helps the students of MBA to get a better understanding of how the practical corporate world functions and thus helps them to become better & more competitive managers in future.

This is the Global/Country Study and Report on "Export Import Status of New Zealand and New Opportunities for Export -Import".

ACKNOWLEDGEMENT

For any student of MBA it is to be fortunate to have true and learning project. We are fortunate to get information about business opportunities in New Zealand. It has been really value adding for us.

We would like to record our gratitude to Dr. Tejas Dave, MBA Programme Co-ordinator, Kalol Institute of Management, for his consent, motivation and suggestions. Above all the most needed, he provided us unflinching encouragement and support in various ways. His truly scientific intuition has made him as a constant oasis of ideas and passions in management, which exceptionally inspire and enrich our growth as a management student.

With profound pleasure, we express our deepest gratitude to our esteemed guide, Ms. Khushbu Shah, Assistant Professor, Kalol Institute of Management, for her erudite guidance, timely suggestions, unflinching encouragement and critical remarks for the entire span of our work. Her involvement and her originality has triggered and nourished our intellectual maturity that we will benefit from, for a long time to come.

Last, definitely not the least. We pay reverence to the almighty, omniscient, omnipresent, omnipotent, supreme soul who has perpetually patronized us with the contentiousness and love.

INDEX

Topic

No.

Particulars

Pg. no

1

Current status of New Zealand in import-export

6

2

Prohibited activities in New Zealand

9

3

Document requirements for Improt and Export

13

4

Trade between NZ and India

17

5

Opportunities in New Zealand

20

6

Business model

24

7

Reference:

28

8

Annexure

29

Chapter 1: Current status of New Zealand in import-export

With the country

Main Export Partners

(%)

Australia

23.1

China

11.2

U.S.

8.6

Japan

7.8

India(8th)

2.1

Main Import Partners

(%)

Australia

18.1

China

16.0

U.S.

10.5

Japan

7.4

Germany

4.1

India(15th)

0.9

Main Export products

(%)

Coal

47.0

Logs

19.2

Dairy products

11.7

Wool

4.3

Apples

2.6

Machinery

2.4

Hides & Skins

2.3

Aluminium

2.0

Scrap metal

1.9

Waste paper

1.4

Total Export

931.1(million NZ$)

http://en.wikipedia.org/wiki/Economy_of_New_Zealand

Main Imported products

(%)

Medicines

13.8

Jewellery

6.5

Lines

4.8

Electric equipment

4.0

Diamonds

3.7

Plastics

3.4

Chemicals

3.0

Leather products

2.7

Printing ink

2.6

Total import

371.4(million NZ$)

http://www.mfat.govt.nz/Countries/Asia-South-and-Southeast/India.php

Chapter-2 Prohibited Activities in New Zealand

The following business activities are prohibited in New Zealand:-

Imports:

Tobacco

Children's toys, crayons, baby walkers,

Cigarette lighters

Controlled drugs, such as cocaine, cannabis and so on

Refrigerators, freezers, air conditioners, heat pumps, water coolers

Rough diamonds

Tyres

Export:

Animals & Animal product

Birds (other than domestic birds) and other wildlife

Chemical weapons

Controlled drugs

Fruit wine, vegetable wine, and grape wine made from grapes not grown in New Zealand

Hazardous chemical and pesticides that are covered by the Rotterdam convention

Horticultural products

Indigenous timber and its products

http://www.customs.govt.nz/features/prohibited/Pages/default.aspx

The following business activities are only permitted for New Zealand:-

Import:

Vehicles

Electronics

Petroleum and fuels / refined oil

Textiles

Plastics

Motorcar

Aircrafts and aircraft parts

TV receivers including video monitors and projectors

Telephone equipment

Medical instruments

Medicaments

Automatic data process machines

Exports:

Dairy products (cattle and goats)

Meats (sheep, beef, deer)

Hides and leather

Fish

Wood products, including paper and paper associated products

Tourism

Wine

Wool

Fruits and vegetables

Cereal products

Organic chemicals

Plastic products

Rubber products

Furniture

Electrical equipment

Agricultural and industrial machinery

Aluminum

Iron/steel and other metals

Crude oil and mineral oils

http://wiki.answers.com/Q/What_does_New_Zealand_import_and_export

Chapter-3 Documents required for Import-Export

Imports:-

Documents:

All imported goods need to be cleared by the New Zealand custom services. The process is known as import entry clearance. It can be cleared in two ways, by one self or by broker or through online.

Types of clearances

Import entry

Electronic Cargo Information (ECI)

Before you submit an import entry clearance or ECI report you will be required to know :

The entry types to be used

The client code and supplier code

The arrival detail of the shipment including flight or craft information , weights , number of packages, ports of loading and discharges, Airway bill/Bill of lading number , mail notice number etc.

The customs value of the goods and the freight content.

Electronic message may be generated or an import delivery order given after shipment is cleared.

Licenses:

There are no requirements or quotes for import license in NZ.

Taxes/Tariffs and other fees:

0 %

5%

10%

bicycles

Amplifiers

Carpets, rugs

binoculars

Bags

Clothing

calculators

Ceramic tiles

Footwear

Cameras

Cigarette lighters

Hats

Cell phones

Cosmetics

Shoes

Electric clocks

Groceries

Navigational equipments

Furniture

watches

Heaters

Television sets

Jewellery

Metal & wooden ornaments etc.

Motor vehicle parts etc.

http://www.customs.govt.nz/features/charges/feetypes/Pages/default.aspx

Exports:

Documents:

In order to export goods from New Zealand, a customs declaration is required to be filed including a certificate of origin and bill of lading.

There are some information is to be needed for export entry like a full description of the package goods which you export, commercial invoice, customs client code, certificate of inspection, shipping orders etc.

Excise charges:

The fees of export entry transaction is NZ$10.22 which payable on every export entry for goods exported under an approved secure exports scheme and whichever goods are not exported under an approved secure export scheme, they will be charged NZ$14.56.

Chapter- 4 Trade between NZ and India

Import from India:

New Zealand import textile woven of cloth, footwear, machinery, chemical, precise stone, plastic etc. from India.

Export of New Zealand to India:

New Zealand coal, wool, Unprocessed logs, Aluminum, Skin of Sheep's with wool and leather.

New Zealand also wants to increase the Export of Agriculture products like dairy product, Art of gardening, and Wine Industrial products like coal and wood.

New Zealand export sheep wool to India and from that wool India make carpet it push up Indian exports.

Bilateral Trade (with two sides):

Agreement between India and New Zealand

Trade agreement - October 1986

Agreement on avoidance of double taxation - October 1986

Civil Aviation Agreement Between India and New Zealand August 1997

Free trade agreement between India and New Zealand commenced in April 2010.

Bilateral trade has been increase continuously and reaching nearly $ 1.325 billion in 2011.

Figures of two sides trade in New Zealand $ (million)

2007

2008

2009

2010

1011

Export to India

366.20

543.70

630

900

938

Import from India

268.90

329.10

355

368

387

https://docs.google.com/viewer?a=v&q=cache:WmeGeHNdZ9EJ:meaindia.nic.in/mystart.php%3Fid%3D50044506+india+new+zealand+trade+relations&hl=en&gl=in&pid=bl&srcid=ADGEESjHnfs6VdKc_AHW2zrnPC0oj4BztdgY5e-nwrJvgjLiRVdmrC2QzbjyA8IZMUTSyp8HpWyFEPwJCNPUmoE07N2HgvTpBtQLAbZUlR_dXGQ2iu_DiurVtw_PQYBknEddITSoFq-X&sig=AHIEtbTcnBLWhEA96L3bql2gtVraUeSk1g

New Zealand top ten Import from India (2011)

NZ$ (million)

Medicines

51.2

Jewellery

24.0

Lines

18.0

Electronic Equipment

15.0

Diamond

13.8

Plastics

12.5

Special Provision

12.2

Chemicals

11.0

Leather products

10.0

Printing ink

9.7

Total Import

371.4

New Zealand top ten Export to India(2011)

NZ$(million)

Coal

435.4

Logs

178.5

Dairy Products

109.1

Wool

40.0

Apples

24.3

Machinery

22.1

Hides and skins

21.2

Aluminium

19.1

Scrap metal

17.5

Water Paper

12.7

Total Export

931.1

http://www.mfat.govt.nz/Countries/Asia-South-and-Southeast/India.php

Chapter-5 Opportunities in New Zealand

If we go for the availability of business in New Zealand following are some areas where we can see some opportunity for doing business

Food and Beverage:

New Zealand is a country, having earned an international reputation for the freshness and flowers of its premium food and beverage products. The food and beverage industry is a main part of New Zealand's economy.

New Zealand's high rainfall, temperature climate, low density population, pristine waters and fertile pastures give a clear advantage when it comes to producing quality foods and beverages.

New Zealand has a 125-year history in exporting produce and is one of only two countries to export more than half of its total food production.

New Zealand's main food export categories are dairy, meat, aquaculture, wine and specially foods.

In this food and beverage industry, current opportunities are as follows:

Dairy :

New Zealand is having one third of control of the global dairy trade and is a leading producer of bulk commodities, such as milk powders, cheese, ice creams etc.

Aquaculture :

New Zealand's aquaculture sector has advanced at a rapid rate which is growing 5.7% year on year since 1995.NewZealand was having aquaculture exports earning NZ$261.75 million in 2010.

Wine :

Once the wine industries in New Zealand were very small n family based. But in recent years, it has flourished and is now a technologically advanced producer of a wide variety of distinctive, clean, and character-filled wines.

Biotechnology :

New Zealand is recognized as being animal disease free by world organization for animal health, enabling it to develop and attract expertise in natural products, bioactive and animal derived therapeutics.

In 2009, New Zealand was ranked in top 10 countries in terms of biotechnology innovations by scientific American world view.

In New Zealand they give importance to animal health because their business of dairy and food and beverage is depended on animals.

For that they spend a lot of money on research and development department.

Infrastructure :

The infrastructure industry of New Zealand has seen an increase in transport funding, local telecommunication, improved broadband infrastructure, and a review of New Zealand's energy sector with the support of government.

Current opportunities:

Opportunities are available in following area:

Public private partnership:

New Zealand's central and local government authorities have recognized the need to assess funding option for developing public infrastructure because of the huge global demand for infrastructure development.

Screen :

New Zealand is well known for world class crews, and production facilities. Screen infrastructure development is a significant area of opportunities for investors.

With a favorable international exchange rate, convenient time zone and lower production costs, New Zealand is a desirable investment destination for the screen industry.

Tourism :

New Zealand offers a growing tourism market and a strong, globally recognized 'New Zealand 100% pure you' campaign.

New Zealand is committed to expanding its tourism offerings.

Apart from this all opportunities, other opportunities are as follows:

Petroleum and minerals

Manufacturing

Information and communication technology

Clean technology

Chapter-6 Business model

Custom Declaration form for Export & Import Clearance:

Gujarat

India

New Zealand

Custom Declaration form for export and export clearance are as required in Gujarat (India) and New Zealand for organization.

Major Focus Area:

Gujarat

India

New Zealand

Major focus area of Gujarat is Chemical, Textiles, Vegetable oils, Cement, petrochemicals, soda ash, Pharmaceuticals etc.

Major focus areas of India are petroleum products, Precious stones, Machinery, Chemicals, Vehicles of Animals, Animal Products, Vegetable products etc.

Major focus area of New Zealand are dairy products, Wood And wood products, Seafood, Coals etc.

According to our analysis, there are more potential growth opportunities in dairy products, wood products, seafood etc.to start business organization in New Zealand because it generates maximum income from it. And also there are opportunities for India and Gujarat export to New Zealand.

Pharmaceutical Industry:

Sector

Gujarat

India

New Zealand

Scope

Very Good

good

Average or low

Gujarat is producing 40% of pharmaceutical products in India, India is ranked 3rd in terms of volume and ranked 14th in term of values to globally, Indian pharmaceutical industry produce income of US$ 13 in 2011 and New Zealand produce income of US$ 1.07 . India also exports their product over 220 countries. So there are more opportunities for them to export in New Zealand.

Craft Industry:

People use

Sector

Gujarat

India

New eland

Embroidery

8%

19.5%

More than 90%

So in NZ there are more than 90% people used or interested in embroidery so in India and mainly in Gujarat there are huge opportunities to establish craft industry or export craft product to New Zealand for generate more income.

Textile Industry:

sector

Gujarat

India

New Zealand

Textiles

Very Good

Good

Very Good

Textile contributes 6% total industrial production in Gujarat. Gujarat Export mostly cotton from the country. Indian textile items like cotton, silk, jute are exported around the world. So in New Zealand there are opportunities for India and also for Gujarat to export their product because New Zealand import textile product.

Gemstones & Jewellary:

Sector

Gujarat

India

New Zealand

Scope

High or good

High or very good

Low

India and Gujarat has huge potential opportunities to export their gemstones, diamonds and jewellary to New Zealand. India is the 3rd largest consumer of it and also participate 15% in export of India. Gujarat has skill and low cost labour cost so there is easy to export their gemstones and jewellary to NZ and gain more income. And NZ also import gemstones and jewelaary so there is opportunities for India and also for Gujarat.

Chemical:

Sector

Gujarat

India

New Zealand

Scope

Very good

Very good or good

Low

Gujarat contributes 51% national chemical sector output. India is the 3rd largest producer in Asia and 12th largest in world. While NZ is already importing chemicals so there is opportunities for Indian or Gujarat's producer to export their chemical product suitable to NZ prescriptions.

Chapter-7

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