newzealand-a country with least corruption: country overview
DESCRIPTION
Newzealand overviewTRANSCRIPT
Aotearoa
New Zealand
Developed by : Devendra Chhallani
NORTH ISLAND AND SOUTH ISLAND
Total area: 268,680 sq km
Land area: 267,707 sq km
Coast line: 15,134 km
It has no land borders.
Capital: Wellington (1390 sq km area, 393,400 population)
Population: 44,05,200
Largest city: Auckland (4,894 sq km area, 1,486,000 population)
Geography
Monetory
•Monetary unit: New Zealand dollar Currency values Coins have values of 10, 20 and 50 cents, $1 and $2. Notes have values of $5, $10, $20, $50 and $100.
•Natural resources: coal, gold, hydropower, iron ore, limestone, natural gas, sand and timber
•Climate is mostly cool temperate to warm temperate. Mean temperatures range from 8 °C in the South Island to 16 °C in the North Island.
Culture NameNew Zealander
Alternative NameKiwi
LanguageEnglishMāori, New Zealand Sign Language
Religion
Anglican; 22
Presbyterian; 16
Roman Catholic; 15
Non-religious ; 21
Others; 26
Ethnicity
European 73%Native Maori 12%Polynesian 4%Other 11%
Maori Culture (Taonga)
The Maori are the indigenous people of New Zealand and main attraction for tourists.
Maori cultural• Dancing , singing
Food
Lamb
Kumara(sweet potato)
Beet root (red beets)
Shell fish
Kiwi fruit
NZ is largest cow milk exporter. The dairy cattle are 6.2 million. 65 % milk production is from north island. North island : Northland, Auckland and Bay of Plenty regions South island : Canterbury, Otago and Southland NZ produces about 2% of total world milk production at around 16
billion tons per annum but 95% of it's dairy produce is exported rather than consumed by the domestic market
Dairy Production
*Independent : 26th October -1835
*1st NZ parliament : 1854
*50th NZ parliament : Dec. 2011 – Dec.2014
*Head of State : the Sovereign, Queen Elizabeth II of New Zealand. Sir Jeremiah Mateparae , The Governor-General is the Queen’s representative in New Zealand.
* Prime Minister : John Phillip Key
*Office of the Speaker : Lockwood smeeth
The position is 3rd most important in New Zealand, after the Governor-General and the Prime Minister.
POLITICS
*The Parliament was elected using the Mixed member proportional (MMP) voting system.
*120 seats in NZ parliament.
*Election process is done every three year.
*19 registered political partiesNational party (john Philip key)Labor party (Phil Goff)Green party (Russell Norman)Maori party (tariana turia)Kiwi partyNew Zealand Pacific Party.
*There are The Supreme Court, Court of Appeal , High Court , District Court , Family Court , Youth Court , Environment Court , Employment Court , Maori Land Court in new Zealand.
*New Zealand has sneaked ahead
of Denmark and Sweden as the
least corrupt country in the world.
LEGISLATION REGULATION
FAIR TRADING ACT 1986 CONSUMER GUARANTEES ACT 1993 SECURITIES MARKETS ACT 1988 RESOURCE MANAGEMENT ACT 1991 COMMERCE ACT 1986
*Open market economy
*The treasury
*Population : 44,41,978
*GDP (NZ$ million) : 1,38,351
*Per capita income (NZ$) : 31,339
*Inflation rate : 1 %
*Unemployment rate : 6.8 %
*Life Expectancy (Year) : Male 78.8
Female 82.7
*Literacy rate : 99%
*Dependent on International trade.
*Australia is a first biggest trade partner of New Zealand in closer economic relationship.
*China is the second biggest external trade partner and are in a new Zealand china free trade agreement..
*Its principal export industries are,
Agriculture
Horticulture
Fishing
Forestry
International trade
• Primary Industries : 7.6% of GDP and contributes over 50% of NewZealand’s total export earnings.
It involves Agriculture & Horticulture, Forestry, Fishing, Natural gases, Oil, Coal, Electricity etc.
• Manufacturing Industry :12.2 % of GDP.
It involves aviation, clean technology, defense, heavy and light engineering, marine, plastics, composites and metals -as well as other industries.
• Service Industries :Service Industries contribute 71% of the GDP.
It involves Infrastructure, Transport, Shipping, Railway, Tourism, Communication, Civil aviation etc.
CommodityNZ$ millions
(year end 31-jul-2012)
Milk powder, butter and cheese 11,889
Meat and edible offal 5,140
Logs, wood and wood articles 3,069
Crude oil 1,980Mechanical machinery and
equipment 1,837
Fruit 1,613
Fish, crustaceans and molluscs 1,373
Wine 1,181Casein and Caseinates 879
Wool 769
Optical, medical, and measuring equipment
638
EXPORT OF TOP COMMODITIES
. • Fully public system to a mixed public-private system for delivering healthcare.
Structure of New Zealand Health system
• The Ministry of Health• Twenty District Health Boards (DHBs). • The boards for each DHB are elected in
elections held every three years.• The DHBs oversee the forty six Primary
Health Organizations established throughout the country.
NEW ZEALAND HEALTH SYSTEM
Least Corrupted Country
Ranked 2nd in list of best countries for
doing business
Grant Thornton index : NZ is the
11th best country in the world for supporting
and doing business.
New zealand : A Business Destination
Business EnvironmentGoods trade between New Zealand and India is valued at over NZ$1.302
billion
Imports from India were valued at NZ$371.4 million.
Member of several major international organisations including the
i) World Trade Organisation (WTO),
ii) Asia Pacific Economic Co-operation (APEC) and
iii) Economic Co-operation and Development (OECD).
Foreign Investment Flows
Foreign Investment Policy
No restrictions on the movement of funds into or out of New
Zealand, or on repatriation of profits.
The three main ways in which overseas investment can
be undertaken in New Zealand are:
i) Establishing or purchasing a local company
ii) Registering a branch of an overseas company; or
iii) Establishing a joint venture or partnership.
Overseas Investment Commission consent is required for
foreign investment in any of the following categories:
Total expenditure to be incurred in setting up the business
exceeds NZ $50 Million
Acquisition or control of 25% or more in a company
value of those shares exceeds NZ $50 million.
COMMERCIAL PROPERTIES
RESIDENTIAL PROPERTIES
FINANCIAL INSTITUTIONS
The Treaty NetworkNew Zealand has entered into Double Tax Agreements (DTAs) with 28
trading partners such as
Australia India USA
United Kingdom Finland Ireland
Canada France Italy
China Germany Japan
Denmark Malaysia Netherlands
Norway Korea Russia
Philippines South Africa Sweden
Singapore Switzerland Taiwan
Thailand Fiji
Tax Framework in New Zealand*NZ$0 to NZ$38,000 19.5%
*NZ$38,001 to NZ$60,000 33%
*NZ$60,001 or more 39%
New Zealand corporate tax rate is 28%
Tax is payable in three instalments if a company's residual income exceeds $2,500
per annum.
Trustee income is taxed at the flat rate of 33%.’
No CAPITAL GAINS TAX
GST Registration – Registration is compulsory for businesses whose annual turnover
exceeds NZD 60,000.
The standard rate of Goods and Services Tax (GST) in New Zealand is 15%.
*Kia ora
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