Editing Economy of New Zealand (section)

=== Japan, Korea and other Asian economies ===
Japan is New Zealand's fourth largest trading partner. In the 21st century, Asian economies have been developing rapidly providing significant demand for New Zealand's exports. Korea, as New Zealand's fifth largest trading partner, is also one of important sources of importation of New Zealand and considered as important export market for New Zealand.

New Zealand also trades with Taiwan, Hong Kong, Malaysia, Indonesia, Singapore, Thailand, India and the Philippines and this now accounts for around 16% of total exports.<ref name="Principal Trading Partners"/> New Zealand initiated a [[free trade agreement]] with Singapore in September 2000 which was extended in 2005 to include Chile and Brunei and is now known as the [[Trans-Pacific Strategic Economic Partnership|P4 agreement]].