NZEC Newsletter – June 2022

Kia ora koutou from the NZEC team,
 
We hope this newsletter finds you and your families safe. We find it hard to believe that we’re approaching the mid-point of 2022. We hope that as New Zealand re-opens to the rest of the world that life normalises for you all.

We hope you all enjoyed our first public holiday to celebrate Matariki. This is a significant moment for Aotearoa New Zealand and we at Nama Hokohoko – Export Credit were excited to celebrate this.
 
Please note below an important announcement from us in relation to our Trade Credit Insurance. This will be a significant enhancement to our current offering and is part of a more ambitious strategy from us that allows us to support a wider range of New Zealand businesses as we also seek to align with the Government’s economic priorities.
 
We’re delighted to share with you a case study with a difference below, where our support went to helping a domestic company that was a key supplier to an exporter.
 
Find out about some webinars we’ve been involved in, some events that may be of interest and read some excellent Market Reports from our colleagues at New Zealand Ministry of Foreign Affairs and Trade (MFAT).
 
We hope you enjoy your reading.

Case Study – MHM

Read here  for a success story which might surprise you. People naturally associate New Zealand Export Credit with support for export transaction, which is the majority of what we do.
 
But in an instance where the buyer is a Kiwi exporter and the deal centres around a product that is integral to that exporter’s business, our mandate allows us to support a domestic transaction.

Our enhanced offering for Trade Credit Insurance

SME exporters and their suppliers are the lifeblood of the NZ economy and certainly are the predominant group that NZ Export Credit supports.
 
In a response to private sector feedback we have streamlined our process for Trade Credit Insurance to provide a simpler process with more favourable terms for all exporters. This will particularly benefit SMEs that are exporting for the first time, entering a new market, establishing a new buyer relationship, or maintaining or growing sales to an existing buyer and may thus struggle to obtain cover from the private sector.
 
To support the growth of our SME exporters, NZEC has waived the application fee for trade credit insurance for exporters with a turnover of less than $30m.
 
Contact us to find out how this might work. DDI (04) 917 6060

Events of interest

Latin America New Zealand Business Council (LANZBC)
On Thursday 30^th June, at NZTE’s Office – 139 Quay Street Auckland, LANZBC are hosting an event “Tourism is Open for Business”.

Join a roundtable discussion with speakers from Tourism NZ, the inbound, outbound and agritourism sectors as well as LATAM airlines. There will be a thought-provoking discussion about how tourism operators pivoted, sharing success stories, learnings & opportunities that lie ahead. Tourism NZ will comment on current initiatives to attract tourists back to NZ and ideas on how we can work together. Register in this link.
 
ExportNZ
On the 9^th of August, at the Lower Hutt Events Centre, Export NZ are hosting a must-see seminar “Supply Chain Insights – Planning for the future”.
 
Join them for morning tea to hear insights from industry experts, to help you stay one step ahead of the issues you are facing in the supply chain. Find out more in this link.

Latin America Centre of Asia Pacific Excellence (CAPE)

In late April NZEC were also honoured to be part of Latin America Centre of Asia Pacific Excellence’s Diversifying into Latin America (DILA) Business Programme.
Specifically, NZEC presented on – “Obtaining finance to support export growth”
 
If you were interested in hearing more about CAPE then read more here.
 
Let us know if you or your industry body would benefit from NZEC presenting in similar webinars or workshops.

MFAT Market reports

MFAT publishes regular reports on topics of interest to the New Zealand export community. The latest reports include:
 

• Weekly Global Economic Round-up - 17 June 2022
• Non-tariff measures: Impacts, trends and effects on exports from New Zealand
• Overview of the Vietnamese Food and Beverage Sector - June 2022
• Weekly Global Economic Round-up - 10 June 2022

 
If you'd like to subscribe to these and other reports then click on:
https://lnkd.in/gHCHExtT

You can view the complete list of market reports published to date here: 
https://lnkd.in/g7-T8Mi  

Team News