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Efficiency & Open Markets in New Zealand

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Policies that support a high degree of regulatory efficiency are in place. The entrepreneurial environment is one of the most competitive, with start-up companies benefiting from great flexibility in licensing and other regulatory frameworks. The labor regulations facilitate a dynamic labor market. New Zealand has a vibrant agriculture sector with the lowest subsidies of any OECD country.

Business Freedom : 91.0
Labor Freedom : 86.7
Monetary Freedom : 87.5

The combined value of exports and imports is equal to 51.3 percent of GDP. The average applied tariff rate is 1.3 percent. As of June 30, 2018, according to the WTO, New Zealand had 242 nontariff measures in force. Overall, openness to global trade and investment is firmly institutionalized. Banking is well established and competitive.

Trade Freedom : 92.4
Investment Freedom : 80.0
Financial Freedom : 80.0

heritage.org

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