NZEC Newsletter – September 2021

Kia ora koutou from the NZEC team,

Firstly, we hope this newsletter finds you and your families safe and well. We know that different levels of lockdown provide a range of additional business challenges. We are available to support you either via our range of services, or referrals to other private or public agency support.

In this newsletter, we have links to COVID response support available to you, as well as links to recent MFAT and ExportNZ reports on global trade, supply chains, and country-specific updates.

We also share a case study about how we helped an Auckland timber manufacturer finance working capital after securing a large international order with long payment terms.

Please note our LinkedIn account which is also a good way to track our information updates and our team’s engagement around the country.

Case Study – Maldives contract

An Auckland based timber manufacturer needed working capital after securing a large international order with long payment terms into the Maldives.

Read here how NZEC supported the exporter and its bank, ASB, to guarantee payment and provide the working capital it needed to fulfil the order.

MFAT Market reports

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

See the full list here

Government Packages and Support in response to Covid-19

In response to the COVID-19 pandemic, including the current Alert Levels 4 and 3, the Government has put in place a number of measures and packages to help businesses affected. It’s important to find out what you may be entitled to. Please refer to the link below for a summary of these Government Packages and other information.

Government packages and support in response to COVID-19 (nzte.govt.nz)

New Zealand Trade and Enterprise

Do you need straightforward, free financial guidance for your business?

New Zealand Trade and Enterprise’s Money Matters offers panel talks and one-to-one sessions with independent experts who can provide practical advice and answer your questions on everything from foreign exchange to forecasting to accessing grants and support.

NZTE Money Matters | NZTE

The Ministry of Primary Industries (MPI)

The Ministry for Primary Industries' Exporter Regulatory Advice Service (ERAS) is a free service that helps New Zealand exporters navigate the requirements for export of primary products. The ERAS team provides 1:1 advice and also develops a range of resources to support New Zealand primary product exporters.

Got a query? Contact them on:
•   [email protected]
•   0800 00 83 33
•   Commercial export query form

ExportNZ

Being a subscriber to ExportNZ has never been so important. Everything you need to know including Trade Updates is contained within the following link.

ExportNZ News and Information

ExportNZ is hosting a range of Exporter Seminars over September please check them out and register using the attached link.

ExportNZ hosted seminars

Team Travels

Due to current Covid restriction levels there is no planned team travel over the next quarter. We will advise when this situation changes.

However, the team is always available for virtual meetings using Skype, Zoom, Teams or over the phone. Let us know how we can help you.

Things that may be of interest

NZEC’s Origination team presented alongside Export NZ and experts from International Verification Services, Ortex Consulting Group, Mainfreight Air & Ocean Ltd, Air NZ Cargo, Trade Window, DHL Express, Ministry of Foreign Affairs & Trade and New Zealand Customs on Export Documentation & Incoterms and challenges in the current market on Thursday 26th August.

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

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, Renee and Joana