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Get to Know About New Zealand
New Zealand is a country situated on the Southwestern side of the Pacific Ocean. Its economy has grown very well, especially after the government changed its protective policies to convert it into a free trading economy.
The economy of New Zealand relies very much on its trade with other countries which comprise mostly of exports of agricultural goods. The developed sectors in New Zealand also include the service, construction, and manufacturing industries. Extraction of raw materials is also a developed sector here, and in recent years, dairy farming has become an essential growing industry.
Doing business in New Zealand is particularly prosperous for foreign investors as the government offers investor-friendly policies and the transparent functioning of the government departments. The process of starting a new business is straightforward and fast here. The well-developed infrastructure is a big advantage here, along with an excellent telecommunications network. The transport system is world-class with international airports and good roadways and railways. The public sector in New Zealand has a reputation for being free from corruption.
Challenges are also present for investors like the lengthy procedures for getting construction permits and electrical connections. There is also the disadvantage of increased costs of running a business with high prices of fuel and wages.