INDEPENDENT NEWS

Trade with South East Asia Expected to Increase

Published: Mon 18 Dec 2000 05:28 PM
Media Release 18 December, 2000
NZ Trade with South East Asia Expected to Increase
A survey conducted by the ASEAN NZ Combined Business Council shows that a significant majority of NZ companies doing business with South East Asia (SEA) expect their business to increase in 2001.
Some 71% expect their business with SEA to increase in 2001. Reasons specified for the increase include factors within the respondent’s company, ASEAN regional markets being favourable and factors in the New Zealand economy.
The NZ Singapore Closer Economic Partnership agreement was not indicated as a contributing factor to the expected increase in business. A majority of respondents do not expect the agreement to have any effect on their business.
The ASEAN-New Zealand Combined Business Council (ANZCBC) assists New Zealand companies to improve their business with ASEAN partners.
The Government has promoted the NZ Singapore agreement as an important stage in the development and promotion of closer trade, economic and investment linkages to the benefit of both New Zealand and Singapore. The survey shows that most trading companies will not be affected. The overwhelming impact will be in the liberalised services sector in which business is still largely underdeveloped, says spokesperson for the ANZCBC, Anatole Bogatski.
Most traders want practical assistance from the government according to the survey, including help for small and new exporters, waiving charges for the accreditation of documents for export purposes and lowering Trade NZ charges for market surveys.
The survey also asked respondents to identify any barriers to doing business with SEA. The most significant barrier for 45% of the respondents was cultural differences between nations. Other significant barriers noted include issues with taxation, government procedures, registration issues, difficulty in obtaining market information, transportation of goods, and political instability.
The ANZCBC has a broad-based membership of companies, ranging from corporates to small and medium enterprises and including service providers. The ANZCBC plans to conduct similar surveys on a regular basis.
ENDS.
For further information contact:
Dr Anatole Bogatski
Director General
ASEAN NZ Combined Business Council
Ph: (09) 309 6100
Mob: 021 670 419
Email: abogatski@chamber.co.nz

Next in Business, Science, and Tech

North American Touch Downs Make Auckland Airport Most Connected In Australasia
By: Auckland Airport
Monetary Conditions Tighten By More And Sooner
By: Reserve Bank
The Download Weekly - Vodafone FibreX back in court
By: Digitl
Kiwibank Savers To Benefit From Higher Returns Following OCR Rise
By: Kiwibank
Fonterra Provides 2022/23 Opening Forecast Farmgate Milk Price & Business Performance Update
By: Fonterra
Quiet Start For Retail In 2022
By: Statistics New Zealand
View as: DESKTOP | MOBILE © Scoop Media