Australia and New Zealand’s economic and trading relationship are recognized and considered one of the mutually compatible, closest, and broadest economies in the world. Since the early 1980s, the trade between the two countries have increased significantly and steadily (Omisakin, 2018, p. 42). For instance, the policy development established then led to the growth of the Trans-Tasman trade, which | GET AN EXPERT FOR YOUR ASSIGNMENT | goods worth NZ$ 15.5 billion.
On the other hand, New Zealand’s exports to Australia amounted to NZ$ 8.5 billion, which translates to 18% of the country’s total exports (European Parliament,…

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