Japan-New Zealand Trade and Fishery Frictions: Some Characteristics and Implications

The greatest friction in trade and fishery between Japan and New Zealand was the Total Economic Relationship, which was insisted by the PM of NZ. NZ wanted to export dairy foods in exchange for admitting fishing. Both governments experienced a long and tough negotiation. Recently frictions have happened in various sectors, such as Environmental and Food Customs. The friction looks broad and dangerous. In spite of the emotional reactions, however, I don't think that is a serious problem. Both sides should know the importance and the character. If both sides do not respond correctly, trade will stagnate in the future.