NZEC Newsletter – December 2021

Kia ora koutou from the NZEC team,

We hope this newsletter finds you and your families safe and well. 2021 has been another challenging year and we have been inspired by the resilience of New Zealand exporters. Our case study below is one example of a kiwi company showing resilience and innovation to rebuild its export markets.

We are also proud to share our annual results for 2020/21, which has seen our highest levels of guarantees and insurance provided. We are looking forward to supporting a wider range of New Zealand businesses in 2022, as we look to implement a more ambitious strategy in alignment with the Government’s economic priorities.

We wish you all a Happy Christmas and New Year and hope that you all can take well-deserved breaks. We look forward to being in contact 2022.

Case Study – Canary Foods

Read here how trade credit insurance provided premium butter manufacturer Canary Foods with the confidence to rebuild its export markets that had been hit hard by COVID-19.

NZEC’s Annual Overview (2020/21)

Our Annual Overview presents the performance of NZEC during the 2020/21 financial year. This includes some case studies of exporter support, as well as our key financial and non-financial results. To read the report click here.

NZEC highlights for 2020/21

We do understand that life is busy. So at a glance, here are some high-level highlights:

Events and a Survey that may be of interest

“Reconnecting New Zealand to the World” webinar

At 11:30am on Wednesday 15^th December, MFAT and NZTE are hosting a webinar on Reconnecting New Zealand to the World. This webinar will provide exporters with an opportunity to hear directly from the Department of Prime Minister and Cabinet, along with other Government agencies, on:

Reconnecting New Zealand
International Travel Pathways for New Zealanders and non-New Zealanders
System for country risk settings
Quarantine Free Travel
Border Testing

Please register here after which you will receive a confirmation email with further details.

Survey on commercial payment challenges with international buyers

The Ministry of Foreign Affairs and Trade (MFAT) is seeking the recent experiences of exporters in respect to late payments, non-payments, and product/services rejection. They are inviting exporters to complete a 2 minute survey.

Please click the link here to begin the survey.

Your answers will be confidential unless you indicate otherwise, and the data will be held securely and will not be distributed to third parties outside of MFAT. By completing this survey you consent that your response will be used by MFAT for statistical and research purposes. Responses will be kept anonymous and you will not be individually identified in any reporting.

Supply Chain and Credit Risk Seminar

NZEC’s Origination team presented in late November to an EMA/ExportNZ hosted seminar on Supply Chain and Credit Risk alongside experts from BNZ, Employers and Manufacturers Association, Customs Brokers and Freight Forwarders Federation and an exporter, Exeloo Limited.

Contact us, if your Business Council or Industry Group would benefit from a workshop or presentation from NZEC.

MFAT Market Reports

The Ministry of Foreign Affairs and Trade (MFAT) publishes regular reports on topics of interest to the New Zealand export community. The latest reports include:

See all reports

NZEC Increasing Ambition

Following on from a market gap review that New Zealand Export Credit (NZEC) commissioned from International Finance Consultants Limited, we obtained Minister of Finance approval to take on a number of the report’s recommendations and to increase our level of ambition for supporting New Zealand’s exporters. A focus for NZEC will be how we best partner with other Government agencies, trade credit insurers, bank and financier stakeholders to support exporters. NZEC will be working with stakeholders in early 2022 around how we enact this increased level of ambition and we would be happy to talk to anyone around your ideas.

Team Travels

Our team travels may resume from late January, so if you would like to meet in person please contact us. Alternatively, the team is available from 5 January for virtual meetings using Skype, Zoom, Teams or over the phone. Let us know how we can help you.

Holiday period Closures

New Zealand Export Credit will be closed from midday 24^th December 2021 until the 5th of January 2022. If you have an urgent enquiry, please contact Chris Chapman on 029 917 6021 from the 24^th – 31^st December or Thomas Sheng on 021 193 0591 from the 1^st – 4^th of January.

NZEC LinkedIn profile

A reminder that NZEC has its own LinkedIn account, which can enable you to keep up to date on our latest case studies, news and regional visits. Our link is:
https://www.linkedin.com/company/new-zealand-export-credit/

Kind regards from

Chris, Feliza, Sheila, Peter, Phil, Michael, Thomas, Wes, Shamika, Renee and Joana