A working holiday scheme with the Philippines will allow 100 young New Zealanders to visit for a year and work there for up to three months at a time.
It will operate the other way as well, allowing 100 Filipinos aged between 18 and 30 to visit New Zealand for a year and work with a single employer or study or train for three months.
The scheme was announced yesterday after talks between Prime Minister John Key and Philippine President Benigno S. Aquino.
It is likely to start next year.
They also agreed on a "memorandum of arrangement" on defence co-operation, allowing for formal defence dialogue and multilateral co-operation, and a geothermal agreement "to support commercial geothermal development between New Zealand and the Philippines".