Diplomatic relations between New Zealand and Spain were officially opened on 28 March 1969.  New Zealand opened an embassy in Madrid in 1992, while Spain officially opened an embassy in Wellington in 2006, but was officially inaugurated in 2009 during a visit by former Spanish King Juan Carlos and Queen Soféa.  On the second visit of the King of Spain and the Queen to New Zealand, the two governments signed agreements on a work visa, an enhanced cooperation agreement in international relations and the possibility for citizens of both countries to participate in local elections while residing in the territory of the other country. From 2001 to 2014, Both New Zealand and Spain assisted NATO-led leaders in Afghanistan.  In 2014, the two nations supported each other and managed to secure non-remaining seats for the 2015-2016 period of the UN Security Council. New Zealand is a party to several free trade agreements (FAs) around the world. New Zealand and Spain share many common interests and values, including international peace and security and international trade. The social security agreement between New Zealand and Spain is unlikely to have a direct impact on Maori interests. The Social Security Agreement will protect the social security rights of all New Zealanders, including Maori, who move between New Zealand and Spain. The social security agreement provides for equal treatment for all persons to whom the agreement applies. The Social Security Agreement will help New Zealanders who move to Spain to apply for and obtain a New Zealand super-nneation. The Social Security Agreement will also allow people to use their residence in New Zealand to help them benefit from a Spanish pension.
People who live in Spain for a certain period of time and then return to New Zealand can use contributions to the Spanish pension scheme to help them qualify for the New Zealand Superannuation. Spain will also grant New Zealanders, including Maori, the same rights as Spanish citizens under Spanish law. Spain participates in various bilateral agreements through the Ministry of Education, Culture and Sport, the main of which are the largest: in 2017, total trade between New Zealand and Spain amounted to 372 million euros.  New Zealand`s exports to Spain include: fruit, frozen fish and sheep meat. Spanish exports to New Zealand include: autonomous railways, trams, motor vehicles and retail machinery.  In October 2015, the heads of state and government of the European Union (including Spain) and New Zealand announced that they would open the process of negotiating a comprehensive free trade agreement.  Negotiations are ongoing. It is hoped that the text of the agreement will be finalised by the end of 2021.
In 1960, Spain signed an agreement with the OECD to promote measures to improve economic development and social well-being for people around the world. Here is a list of the free trade agreements that include New Zealand. In parentheses, the abbreviation, if any, membership, unless indicated in advance, and the date of entry into force. New Zealand`s economy is a market economy heavily dependent on international trade, particularly with Australia, the United States of America, China and Japan. It is highly dependent on tourism and agricultural exports and has only small manufacturing and high-tech components. Market economic reforms in recent decades have removed many barriers to foreign investment, and the World Bank has made New Zealand the most business-friendly country in the world .