Video | Agriculture | Confidence | Economy | Energy | Employment | Finance | Media | Property | RBNZ | Science | SOEs | Tax | Technology | Telecoms | Tourism | Transport | Search


NZPBC Represents Business on Pacific Mission

6th June 2006

NZPBC Represents Business on Pacific Mission

New Zealand’s Foreign Minister, Hon. Winston Peters is currently leading a delegation to the Cook Islands and Vanuatu, where he is accompanied by Hon Luamanuvao Winnie Laban. The New Zealand Pacific Business Council (NZPBC) has been selected to represent the private sector in relation to the trade aspect of this mission.

NZPBC’s chairman, Gilbert Ullrich (Ullrich Aluminium), the two Deputy Chairmen, Bede Mahoney (W.H Grove & Sons Ltd) and Melino Maka (TAPA International), along with Bruce Birtwistle (Bellingham Marine), Paul Hancock (Tegel Foods Ltd) and Kevin Dent (Fletcher Aluminium).

The 23 Pacific Island nations are not only important to New Zealand from a political and diplomatic point of view, but also because of their commercial importance to New Zealand’s international trade. Whilst they may be viewed individually as comparatively small economies, collectively these 23 countries provide New Zealand with its single largest annual regional trade surplus of NZ$944 million.

The Cook Islands and Vanuatu represent important Pacific markets for New Zealand business, as collectively they contribute a merchandise trade surplus of just over NZ$101 million. The latest trade statistics show that New Zealand’s exports to the Cook Islands as at the year ending April 2006 had reached NZ$78 million, with exports to Vanuatu totalling NZ$25 million.

The trade mission hopes to encourage more trade with both markets, as imports from the Cook Islands are only NZ$1.2 million, and Vanuatu NZ$0.7 million.

NZPBC’s participation in the trade mission will endeavour to address this trade gap, by exploring opportunities to encourage “two-way” trade. At the same time they will also be looking at the prospects of further increasing New Zealand exports to these two countries. This is very much a private sector initiative, working in partnership with the government, which recognises the importance of the Pacific Island nations to New Zealand, and this country’s responsibilities to its Pacific neighbours. New Zealand businesses are interested in both export and import markets, as well as investment opportunities; which includes the growing Pacific tourist industry.

- NZ Pacific Business Council


© Scoop Media

Business Headlines | Sci-Tech Headlines


Nurofen Promotion: Reckitt Benckiser To Plead Guilty To Misleading Ads

Reckitt Benckiser (New Zealand) intends to plead guilty to charges of misleading consumers over the way it promoted a range of Nurofen products, the Commerce Commission says. More>>


Half A Billion Accounts: Yahoo Confirms Huge Data Breach

The account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers. More>>

Rural Branches: Westpac To Close 19 Branches, ANZ Looks At 7

Westpac confirms it will close nineteen branches across the country; ANZ closes its Ngaruawahia branch and is consulting on plans to close six more branches; The bank workers union says many of its members are nervous about their futures and asking ... More>>

Interest Rates: RBNZ's Wheeler Keeps OCR At 2%

Reserve Bank governor Graeme Wheeler kept the official cash rate at 2 percent and said more easing will be needed to get inflation back within the target band. More>>


Half Full: Fonterra Raises Forecast Payout As Global Supply Shrinks

Fonterra Cooperative Group, the dairy processor which will announce annual earnings tomorrow, hiked its forecast payout to farmers by 50 cents per kilogram of milk solids as global supply continues to decline, helping prop up dairy prices. More>>



Meat Trade: Silver Fern Farms Gets Green Light For Shanghai Maling Deal

The government has given the green light for China's Shanghai Maling Aquarius to acquire half of Silver Fern Farms, New Zealand's biggest meat company, with ministers satisfied it will deliver "substantial and identifiable benefit". More>>


Get More From Scoop

Search Scoop  
Powered by Vodafone
NZ independent news