On 29 July at 11
a.m., the Ceylon Chamber of Commerce, in partnership with the Sri
Lanka-Australia-New Zealand Enterprise Council and the New Zealand Trade &
Enterprise (NZTE), will hold a webinar on "New Zealand - Existing Market
and Education Climate, Developments and Opportunities for Joint Collaboration”.
Due to COVID-19
trends, opportunities for collaborations between New Zealand and Sri Lanka, and
plans of the New Zealand High Commission to be formed in Sri Lanka in 2020, the
main objective of this joint initiative is to educate the business community in
Sri Lanka on changes in the business climate.
Around 16,000
Sri Lankans live in New Zealand. Current education linkages between the two
countries have allowed more than 1,000 students from Sri Lanka to study in New
Zealand. New Zealand has a consumer economy, and a substantial portion of GDP
is in the service sector. The economy depends on trade with other countries
around the world.
According to Ralph
Hays, New Zealand Trade Commissioner for Sri Lanka and South Asia, persons,
protected and assets include
"NZ economy, the effect of COVID-19 and export plans, new High Commission plans for Sri Lanka, upcoming trends and innovations."
"NZ private sector current threats and opportunities faced by NZ small to medium-sized exporters and what these businesses look for in terms of business relationships in foreign markets" by Geoff Allott, Director & CEO, Performance NZ.
Jugnu Roy, Country Manager-South Asia of Education New Zealand will present "NZ Education market, latest trends and opportunities."
New Zealand's primary
industries include the agricultural and horticultural, mining, and fisheries
sectors. New Zealand's main exports include dairy products, beef, logs, and
wood products, fruit, machinery and equipment, wine, fish, and seafood. According
to the UN COMTRADE report on foreign trade, New Zealand 's exports to Sri Lanka
totalled $272.82 million during 2019. High-quality Ceylon tea and cinnamon is ubiquitous
in New Zealand, as well as gems and jewellery, clothing etc.
OSL Take: The discussion
held between the New Zealand business delegation and the opening of a New
Zealand High Commission in Sri Lanka next year are indications of the growing
bilateral and trade ties between Sri Lanka and New Zealand. The developing relationship
between the two nations would broaden further business/investment opportunities
between businesses in both countries.
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