State the common external sources of financing for export-import businesses.
While New Zealand exports a broad range of products, it is reliant on exports of commodity-based products as the main source of export receipts and relies on imports of raw materials and capital equipment for industry.
New Zealand remains committed to a reduction of world-wide trade barriers. Tariffs have been systematically reduced and quantitative controls on imported goods eliminated. Around 90% of goods come into New Zealand tariff free, including all goods from Least Developed Countries.