NZEC Newsletter - February 2020
Kia Ora from the NZEC team,
We hope you had a good New Year and enjoyable holiday break. In our first newsletter for 2020, we bring you two new case studies on different ways short term trade credit insurance can be used to protect payment risk and access working capital. We also share some material and events that may be of interest, as well as our team’s upcoming travel schedule in case you would like to meet them.
A game changing supply chain contract
Did you know that NZEC’s support can be applied to a NZ business whose supply chain services or goods are integral to the delivery of NZ exports? For an example, read here about how short term trade credit insurance gave Mountain Red the confidence to scale up for a large supply contract of deer velvet to a nutraceuticals’ exporter.
New Zealand medical supplier's ambitious US entry
When Chitogel negotiated its first significant US contract, it faced the challenge of financing six months of manufacturing costs and payment terms. Read here how NZEC was able to assist Chitogel and its bank, Westpac, with short term trade credit insurance.
Things that may be of interest
Export Roadshow – Exploring trade barriers and opportunities
ExportNZ has arranged an impressive line-up of experts and key government officials with one goal in mind- to help you tackle trade barriers and explore opportunities to help grow your business. These seminars are taking place nationally and details of your local event can be found on Export NZ’s website.
Exporting Overview: Organisations and Resources to help Exporters
Thursday 19 March, 0900-1000, PBB Boardroom, 75 South St, Fielding
This session will start at 9am and will cover the resources and organisations available to support exporters. You will hear from a range of representatives about how key organisations - such as NZTE, CEDA, Manawatu Chamber of Commerce, Export NZ, Export Credit, The Factory, MPI, and Fernmark - can help exporting businesses. To register please click here. Alongside this you will be informed of the resources available from organisations, such as NZ Story. There will also be an opportunity for Q & A with the speakers.
Being Coronavirus aware
Government agencies including NZEC are coordinating a launching pad for exporters in response to the Coronavirus. This webpage is being updated every 24 hours and provides a portal for exporters to report any issues they are experiencing.
Brexit has arrived - here’s what you need to do next
On 31 January 2020, the UK left the EU and entered a transition period that will continue until 31 December 2020. During this time the status quo of current trade rules, tariffs and tariff rate quotas (TRQs) will remain in place. For information on preparing your business for Brexit from New Zealand Trade & Enterprise, please click here.
Team Travels
Our team would be keen to meet you in 2020. Their travel information is below along with events they are attending which may be of interest to you also:
17 February – Auckland – Michael Hoare | Export NZ Trade Barriers & Opportunities Roadshow
18 – 19 February – Hamilton & Tauranga – Phil Quinn | Export Roadshow Bay of Plenty and Waikato
19 - 20 February – Auckland – Peter Rowe
20 February – Palmerston North – Michael Hoare | Export Roadshow
19 March – Feilding – Michael Hoare and Phil Quinn | Central Districts Fieldays
Warm regards from,
Chris, Kim, Feliza, Sheila, Peter, Michael, Phil, Thomas and Kyle