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| Agency overview | |
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| Formed | 1 July 2003 |
| Jurisdiction | New Zealand |
| Ministers responsible |
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| Agency executives |
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| Website | http://www.nzte.govt.nz |
New Zealand Trade and Enterprise (NZTE) is New Zealand's economic development and trade promotion agency. It offers strategic advice, access to networks and influencers, research and market intelligence, and targeted financial support to help businesses on their international journey, and works to promote and support the growth of New Zealand business overseas.
NZTE was established on 1 July 2003. [1]
New Zealand Trade and Enterprise (NZTE) is New Zealand's international business development agency. Their role is to make a difference for New Zealand by helping businesses grow bigger, better, faster in international markets. NZTE's strategy supports the Government's Business Growth Agenda, which creates conditions that encourage successful businesses to grow globally.
NZTE's products and services help businesses to grow and succeed internationally. These include strategic advice, access to networks and influencers, research and market intelligence. NZTE's services are aligned with different stages of a business lifecycle – from starting and growing a business, through to exporting and operating internationally – and help address the scale and distance issues faced by New Zealand exporters. Some services are provided directly by NZTE staff in New Zealand and around the world, while others are provided through external organisations – such as Regional Business Partners and expert advisors – funded by NZTE.
NZTE has ten offices in New Zealand and staff in 50 [2] locations around the world who work in partnership with New Zealand businesses, helping to build strategic alliances and develop commercial relationships, connecting them with opportunities and contacts in international markets, and sharing knowledge, experience and networks to help businesses develop capability and scale.
NZTE's focus is on international opportunities that match New Zealand's current/potential business capability and provide sustained economic benefit, and helping international investors to identify New Zealand-based opportunities and gain access to government and private sector.
NZTE offer many services designed to grow New Zealand businesses. [3] These include but are not limited to:
ASEAN, an abbreviation for the Association of Southeast Asian Nations, is a political and economic union of 10 states in Southeast Asia. Together, its member states represent a population of over 600 million over a land area of 4.5 million km2 (1.7 million sq mi). The bloc generated a purchasing power parity (PPP) gross domestic product (GDP) of around US$10.2 trillion in 2022, constituting approximately 6.5% of global GDP (PPP). ASEAN member states include some of the fastest growing economies in the world.
The economy of Asia comprises about 4.7 billion people living in 50 different nations. Asia is the fastest growing economic region, as well as the largest continental economy by both GDP Nominal and PPP in the world. Moreover, Asia is the site of some of the world's longest modern economic booms, starting from the Japanese economic miracle (1950–1990), Miracle on the Han River (1961–1996) in South Korea, economic boom (1978–2013) in China, Tiger Cub Economies (1990–2020) in ASEAN, and economic boom in India (1991–present).
The Hongkong and Shanghai Banking Corporation Limited, commonly known as HSBC, is the Hong Kong-based Asia-Pacific subsidiary of the HSBC banking group, for which it was the parent entity until 1991. The largest bank in Hong Kong, HSBC operates branches and offices throughout the Indo-Pacific region and in other countries around the world. It is also one of the three commercial banks licensed by the Hong Kong Monetary Authority to issue banknotes for the Hong Kong dollar.
The Port of Singapore refers to the collective facilities and terminals that conduct maritime trade, and which handle Singapore's harbours and shipping. It has been ranked as the top maritime capital of the world, since 2015. Currently the world's second-busiest port in terms of total shipping tonnage, it also transships a fifth of the world's shipping containers, half of the world's annual supply of crude oil, and is the world's busiest transshipment port. It had also been the busiest port in terms of total cargo tonnage handled until 2010, when it was surpassed by the Port of Shanghai.
The pharmaceutical industry is one of the leading industries in the People's Republic of China, covering synthetic chemicals and drugs, prepared Chinese medicines, medical devices, apparatus and instruments, hygiene materials, packing materials, and pharmaceutical machinery. China has the second-largest pharmaceutical market in the world as of 2017 which is worth US$110 billion. China accounts for 20% of the world's population but only a small fraction of the global drug market. China's changing health-care environment is designed to extend basic health insurance to a larger portion of the population and give individuals greater access to products and services. Following the period of change, the pharmaceutical industry is expected to continue its expansion.
Jeffrey E. Garten is an American economist, author, businessman, and former government official who is Dean Emeritus at the Yale School of Management, where he teaches a variety of courses on global economy. From 1996 to 2005 he was the dean of the school, and from 2005 to 2015 he was the Juan Trippe Professor in international trade, finance, and business. Before that, he was Undersecretary of Commerce for International Trade in the Clinton administration from 1993 to 1995, and had a career on Wall Street as a managing director for the Blackstone Group and Lehman Brothers.
Mainfreight Limited is a New Zealand logistics and transport company headquartered in Auckland. Mainfreight commenced operations in Auckland in 1978 and is the largest freight company in New Zealand. It has been listed on the New Zealand Exchange since 1996.
The United States Commercial Service (CS) is the trade promotion arm of the U.S. Department of Commerce's International Trade Administration. CS is a part of the U.S. Foreign Service and its commercial officers are diplomats. The CS global network of trade professionals helps thousands of U.S. companies to export goods and services worth billions of dollars every year. CS trade specialists are located throughout the United States, as well as in U.S. embassies and consulates in over 75 countries around the world. The mission of CS is to advance and protect strategic U.S. commercial and economic interests around the world.
The Singapore International Foundation is a not-for-profit organisation established on 1 August 1991.
The International Trade Centre (ITC) is a multilateral agency which has a joint mandate with the World Trade Organization (WTO) and the United Nations (UN) through the United Nations Conference on Trade and Development (UNCTAD).
CIMB Group Holdings Berhad is a Malaysian universal bank headquartered in Kuala Lumpur and operating in high growth economies in ASEAN. CIMB Group is an indigenous ASEAN investment bank. CIMB has a wide retail branch network with 1,080 branches across the region.
UK Trade & Investment (UKTI) was a UK Government department working with businesses based in the United Kingdom to assist their success in international markets, and with overseas investors looking to the UK as an investment destination. It was replaced in July 2016 by the Department for International Trade.
International Enterprise Singapore was a statutory board under the Ministry of Trade and Industry of the Government of Singapore. It facilitated the growth of Singapore-based companies overseas and promoted international trade.
The Economist Intelligence Unit (EIU) is the research and analysis division of the Economist Group, providing forecasting and advisory services through research and analysis, such as monthly country reports, five-year country economic forecasts, country risk service reports, and industry reports. The EIU provides country, industry, and management analysis worldwide and incorporates the former Business International Corporation, a UK company acquired by its parent company in 1986. The EIU has its main offices in four cities—London, New York, Hong Kong and Dubai.
New Zealand is party to several free trade agreements (FTAs) worldwide.
The Enterprise Europe Network provides support for Small and Medium-sized Enterprises (SMEs) with international ambitions. Co-funded by the European Union's COSME and Horizon 2020 programmes, the Network's aim is to help businesses innovate and grow internationally.
Established in 1993, the Investment and Development Agency of Latvia (LIAA) acts under the Ministry of Economics of the Republic of Latvia.
TravelSky Technology Limited is the dominant provider of information technology services to the Chinese air travel and tourism industries. Its clients include airlines, airports, air travel suppliers, travel agencies, individual and corporate travel consumers and cargo services. It is listed on the Hong Kong stock exchange and its majority shareholder or parent group is the China TravelSky Holding Company, a State-owned enterprise (SOE).
The Regional Comprehensive Economic Partnership is a free trade agreement among the Asia-Pacific nations of Australia, Brunei, Cambodia, China, Indonesia, Japan, South Korea, Laos, Malaysia, Myanmar, New Zealand, the Philippines, Singapore, Thailand, and Vietnam. The 15 member countries account for about 30% of the world's population and 30% of global GDP, making it the largest trade bloc in history. Signed in November 2020, RCEP is the first free trade agreement among the largest economies in Asia, including China, Indonesia, Japan, and South Korea.
Enterprise Singapore (ESG) is a statutory board under the Ministry of Trade and Industry of the Government of Singapore. It was formed on 1 April 2018 to support Singapore small and medium enterprise (SMEs) development, upgrade capabilities, innovate, transform, and internationalise. It also supports the growth of Singapore as a trading and startup hub, and continues to be the national standards and accreditation body.
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