Google

ASEANAFFAIRS
Sign up | Log in

    ASEAN PROFILES

  ASEAN KEY DESTINATIONS

Home  >>   Daily News  >>   Philippines News  >> Trade  >> New Zealand wants to double exports to PHL by 2025
NEW UPDATES Asean Affairs   19 June 2014  




New Zealand wants to double exports to PHL by 2025

 New Zealand targets to double its exports to the Philippines by 2025 in an effort to cement economic ties between the two nations.
 
“My target is to double New Zealand exports to the Philippines by 2025. So, from NZ$750 million [in exports last year] to NZ$1.5 billion by 2025, that will be my target,” New Zealand Trade Commissioner Hernando Banal II told reporters in a briefing Tuesday.
 
Wellington aims to grow the share of exports in gross domestic product to 40 percent by 2025 from 20 percent.
 
“The Philippines is a very important market for New Zealand,” Banal said.
 
Wellington also wants to grow revenues from other goods such as technology niche products, New Zealand Ambassador to the Philippines Reuben Levermore said in the same briefing.
 
Last year, the Philippines was New Zealand’s 12th biggest export market, with food and beverage products accounting for the bulk of shipments.
 
Apart from trade, more companies from New Zealand turn to Asia for investments, and the Philippines is becoming a more attractive place to do business in, Levermore said.
 
“New Zealand companies are turning more and more toward Asia and the Philippines is getting on their radar screen in a way that was not the case 10 or 20 years ago. It is happening because the economy is growing and you hear good stories about the government to try and improve the business environment, to eradicate corruption,” he said.
 
“The more companies that come and set-up office here, the more that have positive experiences, the more I think companies are going to come,” he added.
 
Opportunities are seen in engineering, information communications technology and specialized manufacturing, Banal noted.
 
Last month, a delegation of 12 companies led by New Zealand’s Trade Minister Tim Groser visited the Philippines to check out business opportunities. The trip yielded new agreements in technical and consulting services in geothermal energy, information technology and healthcare systems.
 
Wellington also sees a lot of potential in growing tourist traffic between the two countries, which was pegged at 25,000 last year.
 
“We would like to see more Filipinos go to New Zealand for holiday. One of the things that will help that is as we improve the number of connections to our countries,” Levermore said.




Reach Southeast Asia!
10- Nations, 560- Million Consumers
And $1 -Trillion Market
We are the Voice of Southeast Asia Media Kit
The only Media Dedicated to Southeast Asia Advertising Rates for Magazine
Online Ad Rates
Contact: marketing@aseanaffairs.com

Comment on this Article. Send them to  your.views@aseanaffairs.com

Letters that do not contain full contact information cannot be published.
Letters become the property of AseanAffairs and may be republished in any format.
They typically run 150 words or less and may be edited
 
or
submit your comment in the box below



 
Today's  Stories                            June 19, 2014 Subsribe Now !
• Cambodian authorities urge workers to return to Thailand Subcribe: Asean Affairs Global Magazine
• New Zealand wants to double exports to PHL by 2025
• Vietnam, Laos agree to boost cooperation
Research Reports
on Thailand 2007-2008

• Textiles and Garments Industry
• Coffee industry
• Leather and footwear industry
• Shrimp industry

• Rice piles up as exports slow
• Ad spending sees hike in budget for tourism
Asean Analysis                    June 19, 2014

• Asean Analysis June 19, 2014
Vietnam Should Take Three Steps in Response to China’s Oil Rig
Advertise Your Brand

Asean Stock Watch    June 18, 2014
• Asean Stock Watch-June 18, 2014
The Biweekly Update
• The Biweekly Update  June 13, 2014

ASEAN NEWS UPDATES      Updated: 04 January 2011

 • Women Shariah scholars see gender gap closing
• Bank Indonesia may hold key rate as inflation hits 7 percent
• Bursa Malaysia to revamp business rules
• Private property prices hit new high in Singapore • Bangkok moves on mass transport
• Thai retailers are upbeat
• Rice exports likely to decline • Vietnamese PM projects 10-year socioeconomic plan

ASEAN  ANALYSIS

This year in Thailand-what next?


AseanAffairs   04 January 2011
By David Swartzentruber      

It is commonplace in journalism to write two types of articles at the transition point between the year that has passed and the New Year. As this writer qualifies as an “old hand” in observing Thailand with a track record dating back 14 years, it is time take a shot at what may unfold in Thailand in 2011.

The first issue that can’t be answered is the health of Thailand’s beloved King Bhumibol, who is now 83 years old. He is the world's longest reigning monarch, but elaborate birthday celebrations in December failed to mask concern over his health. More

 


Name

Name


Email

Email



1.  Verifier

1. Verifier

For security purposes, we ask that you enter the security code that is shown in the graphic. Please enter the code exactly as it is shown in the graphic.
Your Code
Enter Code

Home | About Us | Contact Us | Special Feature | Features | News | Magazine | Events | TV | Press Release | Advertise With us

| Terms of Use | Site Map | Privacy Policy  | DISCLAIMER |

Version 5.0
Copyright © 2006-2020 TIME INTERNATIONAL MANAGEMENT ENTERPRISES CO., LTD. All rights reserved.
Bangkok, Thailand
asean@aseanaffairs.com