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

 

Aust-NZ leadership advances vision for better collaboration

Aust-NZ leadership advances vision for enhanced collaboration

Collaboration on infrastructure, tourism, health technologies and innovation, along with addressing non tariff barriers for agri-business in third markets will be among the key drivers of the CER vision in coming years, say business leaders from Australia and New Zealand.

The 11th Australia New Zealand Leadership Forum met in Sydney on 28 October and brought together over 200 senior representatives from government, business and the wider community from the two countries.

"The future of the relationship lies more in what we can achieve together in relation to global markets rather than our increasingly integrated, but still small, trans-Tasman economy" said New Zealand Forum Co-Chair Adrian Littlewood.

"CER has already created the basis for a single economic market. While some work remains to be done to address remaining barriers, bigger opportunities for us both lie further afield if we can pool our combined strengths and collaborate actively where it makes sense to do so."

This year’s Forum focused on five key sectors considered to be drivers of new economic value - tourism, infrastructure, health technology, innovation and agri-business.

"The focus on sectors has seen engagement by a range of business people across both countries who have come together to consider what new value can be created by working in a more focused and joined up way across the Tasman" said Australia Co-Chair Rod McGeoch AO.

"The number of people thinking about the future of the relationship has increased significantly and the options presented at the Forum constitute a solid agenda for the two countries to work on".

Forum knowledge partner McKinsey & Co assisted in the development of these options which have been elaborated within an overall framework of ‘mega trends’ addressing both economies. These trends include greater global interconnections, industrialisation and urbanisation, an aging world and disruptive technologies.

The Leadership Forum was addressed by the Australian Treasurer, Hon Scott Morrison and the New Zealand Finance Minister Hon Bill English. A number of other Ministers also participated.

Recommendations from the Leadership Forum are now being prepared in a letter to the two Prime Ministers.

"The relationship is strong but the scale of the opportunity and the disruptive forces ahead means that we must collaborate and innovate to take the relationship forward" concluded Adrian Littlewood.


ENDS


© Scoop Media

 
 
 
Business Headlines | Sci-Tech Headlines

 

RNZ: Porirua Most Expensive Region To Rent, According To Trade Me

A rental website shows this town is now New Zealand's most expensive region to rent a house, ahead of Wellington and Auckland cities. More>>

ALSO:


Stats NZ: Nearly 1,000 More Big Businesses Now Than Two Decades Ago – Media Release

There are now 2,690 big businesses in New Zealand employing more than 100 staff – nearly 1,000 or 58 percent more than 20 years ago, Stats NZ said today. Over the 20 years to February 2020, the total number of enterprises in New Zealand increased ... More>>

ALSO:

RNZ: Housing Boom Could Get Worse, Economist Warns

Economists are calling on the Reserve Bank to reinstate lending restrictions, warning the housing market is spiralling out of control. More>>

ALSO:

Westpac: Sets Out Plan To Go Cheque-Free

Westpac NZ has announced details of its plan to phase out cheques, after signalling in May that it would be supporting a move to other forms of payment. Cheques will cease to be available as a means of payment after 25 June 2021. Westpac NZ General ... More>>

ALSO:

NZTA: Major New Zealand Upgrade Programme Projects Go To Tender

Two major New Zealand Upgrade Programme projects are beginning tenders for construction. The New Zealand Upgrade Programme is a $6.8 billion investment to get our cities moving, to save lives and boost productivity in growth areas. The first Auckland ... More>>

Reserve Bank: RBNZ Seeks To Preserve Benefits Of Cash

The Reserve Bank – Te Pūtea Matua is taking on a new role of steward of the cash system “to preserve the benefits of cash for all who need them”, Assistant Governor Christian Hawkesby told the Royal Numismatics Society of New Zealand annual conference ... More>>

ALSO:


CERT NZ: Malicious Computer Virus Targeting New Zealanders

CERT NZ, the government agency which supports organisations and individuals affected by cyber security incidents, says a recent surge of increasingly sophisticated malware attacks is affecting everyday New Zealanders as well as large organisations. The ... More>>

ALSO:

Economy: NZ Small Business Recovery Continues In September

Xero, the global small business platform, today released its Small Business Insights (XSBI) for September revealing an uptick in small business jobs and year-on-year revenue growth in New Zealand. Nationwide, the average number of jobs in the small ... More>>

ALSO:


Courts: Businessman Eric Watson Sentenced To A Four-Month Jail Term

New Zealand businessman Eric Watson has been sentenced to a four-month jail term in the UK for contempt of court, TVNZ reports. More>>

OECD: Area Employment Rate Falls By 4.0 Percentage Points, To 64.6% In Second Quarter Of 2020

The OECD area employment rate – the share of the working-age population with jobs – fell by 4.0 percentage points, to 64.6%, in the second quarter of 2020, its lowest level since the fourth quarter of 2010. Across the OECD area, 560 million persons ... More>>

Spark: Turns On 5G In Auckland And Offers A Glimpse Into The Future Of Smart Cities

Spark turned on 5G in downtown Auckland today and has partnered with Auckland Transport (AT) to showcase some of the latest in IoT (Internet of Things) technology and demonstrate what the future could look like for Auckland’s CBD with the power of 5G. 5G is ... More>>

Stats NZ: Monthly Migration Remains Low

Since the border closed in late-March 2020, net migration has averaged about 300 a month, Stats NZ said today. In the five months from April to August 2020, overall net migration was provisionally estimated at 1,700. This was made up of a net gain ... More>>