Originally Posted by
hoistop
I traveled thru New Zealand recently - a few decades ago, their foreign exchange with UK was close to 50%. Today is around 10% and declining. They are only talking about relations with Asian countries, not UK.
Actually New Zealand's trade with UK cratered a few decades ago
because the UK joined the EU and it's external trade barriers. Our EU membership
caused New Zealand 7% or so GDP loss and lead to recession there. It has taken a long time for them to find footholds in new markets in Asia. Will NZ forgive and forget the pain we caused them by joining the EU - we'll have to wait and see.