Both depend on commodity exports, both trade heavily within the Asia-Pacific region and there is (almost) free movement in trade, labour and capital between the two countries.

ECONOMIST: Should Australia and New Zealand form a currency union?

EU's agenda-setting presidency, things did move along, even in some boggy areas for instance, over free movement of labour and capital.

ECONOMIST: The EU summit

Right at the heart of the EU project is the free movement of goods, services, labour and capital.

FORBES: The European Financial Transactions Tax: An Interesting Detail